- Earl Warren, Former Chief Justice of the Supreme Court
Thomas Jefferson distrusted the banks and was opposed to a central bank of the United States and Andrew Jackson was responsible for closing the second national bank. Jefferson said, "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. [well, there are a lot of homeless people right now] The issuing power should be taken from the banks and restored to the people, to whom it properly belongs". Andrew Jackson who was also vociferously opposed to a central bank said; "The bold effort the present (central) bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."
The Fed [which is a bank] Chairman Ben Bernanke said to congress that "it [congress] has the power to repeal Social Security and Medicare". That's a good Republican Conservative idea and I dare them to try it. There wouldn't be one Republican left in the house or the senate. Bernanke referred to social security and medicare as entitlements and all but blamed the deficit on them. One entitlement that I am concerned about is the banking entitlement. The Fed has an open door policy for the banks with no oversight or transparency. The bankers have Carte Blanche and gladly pay themselves millions of dollars in bonuses with our money and without shame. There is a double speak here, what we really have is corporate welfare. This is the rich taking care of the rich at the expense of the working poor and the rapidly shrinking middle class. It is a new kind of Robin Hood. Rob from the poor to give to the rich. In fact that is what the Republicans have been supporting for years. Under G. W. Bush taxes on the richest Americans was lowered substantially while the rest of us were still paying the majority of the taxes.
Who got bailed out in the financial crisis? Who made the money during the Iraq war? The banks got bailed out, the insurance companies got bailed out, Haliburton made billions during the Iraq war, as did Black Water. The Bush Administration and Cheney took care if the rich and powerful. Meanwhile Americans are loosing their jobs, their homes, their medical coverage but they don't get bailed out. No fucking way, they are characterized as lazy people who tried to beat the system by taking mortgages they didn't deserve by hoodwinking the banks. The banks with their army of lawyers fooled by greedy citizens, bull shit. What the hell are the bankers doing now. They are going to the Fed with their hands out and taking money out in wheel barrels. It is we the American working class that must bear the financial burden while these scum bags rip us off.
We seem to have an inexhaustible amount of money to fight wars and to give to the banks. But now the whipping boy becomes medicare and social security even though the American people contribute to. If the congress were to abolish both social security and health care there would be blood in the streets. There would be tens of millions of seniors screaming and marching. Wouldn't that be a sight, Washington D.C. cops bashing the silvered hairs seniors over the head with their billy clubs. Talk about pulling the plug on grandma, she could be clubbed to death on the capitol steps fighting to get her social security and health care back. We could watch it all in living color on Television. Republican Conservative congressmen and senators and their Blue Dog allies would be turned out of office in droves. What congress needs is to get their priorities right. They have fed at the public troth for too long and they are getting fat off our sweat.