Saturday, January 8, 2011

Necessity of the Plutocracy?

Necessity of the Plutocracy?

" We would argue this conclusion is wrong on almost every count. The banking community no matter how wealthy does not constitute the "super rich." The banking community SERVES the power elite – which really is phenomenally wealthy. Additionally, America does NOT need its plutocrats. It needs to get rid of the central banking system that creates and endlessly distorts and centralizes the larger economy. The author tries to make the case that modern bankers deserve their millions annually because they are "hard working." But plenty of people are hard-working. Bankers get what they do because the elites have created a perverse system of monetary stimulation that prints money-from-nothing and bankers occupy the pitiless heart of it. "

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