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Banksters vs Humanity: Round 14
By Derryl Hermanutz
Posted July 10, 2015

Banker monopoly on money creationProgressives, socialists, radicals, revolutionaries, typically rail against the excesses of corporate industry; and against co-opted governments that serve corporate commercial and financial interests over human social and economic interests. Even classical free enterprise liberals, and free market libertarians, oppose corporate monopolists who enjoy state-supported market power, in violation of the ideal of independent businesses competing on a level playing field.

All of these well-intentioned critics, idealists and reformers are — if not exactly tilting at windmills — at least attacking symptoms rather than attacking the root cause that drives them. You could cure all of the symptoms, but they will reappear as long as the root cause remains in place.

The root cause is the world’s privately owned money issuance and allocation system, otherwise known as “banking”. Private commercial banks enjoy a near absolute monopoly on the initial creation and the primary allocation of the world’s supply of “money”. Very large scale transnational banks exercise this “money power”, and have been doing so for centuries. The Money Power is the “invisible hand” that builds and manipulates all of the other structures of power in capitalist civilization. In the capitalist world, everything is bought and sold for money. The issuance and allocation of money assigns the power to “buy and own” everything. More…