I don't want rich bankers to get richer, I have never said that. I want a sound currency (that couldn't be invented out of thin air, and backed by gold) there is NO WAY this mad frenzy of consumption could EVER have happened. The government have given us this JOKE of a currency system (fractional reserve banking) so they can do what on EARTH they want, and tax people via inflation to pay for wars etc.
We have NEVER HAD 'unbridled capitalism' we have had a total JOKE for the last 50 years. If there was only a finite amount of money in the world (gold), banks would have lent out everything and had NOTHING in reserve so would have had to raise interest rates to get deposits and discourage further borrowing.
The banks have HAD nothing in the reserve for YEARS but the money has simply been invented! Low interest rates continued this trend because they could!!!!
Banks did NOT have the opportunity to raise the interest rate(and under the current monetary system would not HAVE TO) since it was set by the BoE in this country and the FED in the US (both private institutions run by power hungry bankers) which is banned in the American Constitution and the WHOLE reason for the war of independence, because Europe wanted America to take their policy of unsound money (fiat currency) rather than a gold backed currency which cannot be printed or manipulated!
We are now seeing the artificial BoE interest rate becoming decoupled from the free market set interest rate because the banks do not have the 10% reserve required by the rules governing fractional reserve banking.
Where can you get a loan for 1.5%??? This is now stopping lending so you could say the free market is winning and NOW setting interest rates but its VASTLY too late!
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