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reply to post by Blue_Jay33
I once had a banker tell me if I really understood the full scope of the monetary system, I wouldn't sleep at night, it's that bad.
It`s a house of cards that can implode at any time.
Working within that would be very depressing.edit on 8-4-2014 by Blue_Jay33 because: (no reason given)
Yep, that's because they don't have the money when you take a loan. They only have to have a fraction of that in their deposits. The money you lend from them did not exist the day before. It's legalized fraud.
It makes calling a loan very evil, because they are asking for there non-existent money back, and if you don't comply you lose your house or business.
I can imagine that there are executive bankers who are potential whistle blowers who get murdered because of this. Or commit suicide because they can't live with what they've done.
Until now, the terrible trail of dead bankers has been only among US and European financial executives. However, as Caixin reports, the increasing pressures on the Chinese banking system appear to have take their first toll. Li Jianhua, director of China's Banking Regulatory Commission (CBRC), died this morning due to a "sudden heart attack" - he was less than 49 years old. Li was among the main drafters on new "caveat emptor" market-based rules on China's shadowy banking system and recently said in an interview that "now is not only a time to control risk, but to transform the trust industry.. if it's too loose, it's a big problem." Li was found by his wife.
There have been 13 senior financial services executives deaths around the world this year, but the most notable thing about the sad suicide of the 14th, a 52-year-old banker at France's Bred-Banque-Populaire, is she is the first female. As Le Parisien reports, Lydia (no surname given) jumped from the bank's Paris headquarter's 14th floor shortly before 10am. FranceTV added that sources said "she questioned her superiors before jumping out the window," but the bank denies it noting that she had been in therpapy for several years.