I'll never understand why people shovel their money into the
waiting hands of huge multinational banking corporations.
And yet, the numbers don't lie.
Even after the financial crisis - which, at the very least,
happened under the profitable watching eyes of the world's
largest banks - and after many banks received many billions of
dollars of taxpayer loans, bailouts and forgiveness…
Even after all of the funny business on Wall Street - banks
are more profitable than ever.
The additional "rules and regulations" laundry list piled on
by lawmakers hasn't so much hamstrung large banks as it has
prevented smaller banks from gaining market share.
Instead of a more diversified and responsible banking system,
we have FEWER banks with MORE deposits and about the same amount
of shady behavior.
If the chart below is any indication, it looks like the
financial crisis CAUSED bank deposits to skyrocket:
Moreover, most of these increased deposits have gone to the
You see what's happening here? In the past 20 years, there are
fewer, bigger and more reckless banks holding more cash than at
any other time in world history.
For one terrible example,
Bank of America (
has more deposits BY ITSELF than the entire banking industry did
back in 1992 when Bill Clinton was President.
Meanwhile, the Fed just today announced that they'll add
another $4 trillion to the fire in the form of $45 billion in new
monthly bond purchases. Remember that Obama is talking about
raising taxes to collect another $80 billion PER YEAR, to put
this ridiculously large sum in perspective.
Where do you think that $4 trillion will end up?
At your neighborhood credit union? In your paycheck? In your
township's coffers? In your
No. It will end up backstopping the financial industry at the
literal expense of every single taxpayer and dollar holder.
If you don't own gold for any other reason, you should own it
because it's completely out of the control of the largest banks
out there - banks that are running roughshod over the
with the collusion of the federal government and Federal
I'm not interested in conspiracy theories - but this one isn't
a theory. It's happening before our eyes. The charts and data
I've posted today should spell it out in excruciatingly obvious
Our currency is being taken over by the biggest financial
institutions in world history, and no one seems to even care.
What choice do we have but to
buy gold and silver