The reason why the corrupt system of modern banking has endured for so long despite its abysmal performance is because professional economists almost never point the finger at the banksters nor do they ever challenge the fraudulence of private, debt-based money creation or the outrageous deceit of fractional reserve lending.
Economists are schooled in bank-funded university economics departments where they are thoroughly indoctrinated in monetary theories. The Money Power ensures that economists are methodically trained in economic language and thought and are programmed to spout the official, approved version. Manipulation is the name of the game and contentious issues are ignored or distorted. Proper evaluation of the history and function of banking is never allowed because that would throw up some very unsettling truths. Zarlenga compares political economists to medieval doctors ”who theorized on how the body worked, but never dared to dissect the body and find out what was actually happening.”
… Larry Bates, a former professor of economics, a bank president for eleven years, a member of the Tennessee House of Representatives, a chairman of a Committee on Banking and Commerce, and the author of a best-seller, The New Economic Disorder.
”The greatest shock of this decade is that more people are about to lose more money than at any time before in history, but the second greatest shock will be the incredible amount of money a relatively small group of people will make at the same time. You see, in periods of economic upheaval, in periods of economic crisis, wealth is not destroyed, it is merely transferred.”
Bates goes on:
”The Fed really is more powerful than the Federal Government. It is more powerful than the President, Congress, or the Courts…The Fed determines what the average person’s car payment and house payment is going to be and whether they have a job or not. And I submit to you – that is total control…”
Larry Bates hits it right on the head. ”Total control.” The banksters want to maintain total control. They want the people to remain in ignorance. They don’t want them to know there is a much happier, beneficial alternative. They want to keep all of humanity submissive to them in lifelong debt slavery. And above all, they are terrified the people will somehow become aware of their outrageous conniving and criminality.
What we need now is more economists who will use their knowledge and training to show the people how they can take this reprehensible power away from the banksters and how they can formulate exemplary new ways of money creation that will deliver the people from the relentless treadmill of debt and give them a new birthright of freedom, happiness, and abundance.