posted on Nov, 9 2009 @ 02:53 AM
reply to post by GradyPhilpott
It is a dubious assertion at best to claim that banks provide a necessary service to anybody other than those who actually possess enough wealth to
store in a secure facility. The argument that banks loan "us" money when we need it is almost laughable. The best and surest way to secure a loan
from a bank is to have the amount of money one needs to borrow in a savings account in that bank or have enough equity to offer as collateral. There
is nothing wrong with loaning money for a profit, however the idea that banks will loan anyone who needs its money is simply not true.
Banks have so rigged the political and legal system that they have made banking a necessary product in today's market place. However, does the
average minimum wage employee actually need a bank? They only need a bank in order to cash their checks given them by their employers in lieu of
payment for the labor they have contracted to do in exchange for pay. Does a minimum wage employee or even someone making anywhere from 30 to 50
thousand dollars a year truly prefer to be paid by check rather than cash? Even better wouldn't any person of sound mind prefer to be paid in gold
or silver for their services rather than worthless paper money that functions as a fake promissory note?
People are not paid in cash because if they were it would make the task of taxing income at the source more difficult for governments. This is why if
a person asked his or her employer to be paid in cash the employer will often insist that by law they can not do so. Banks themselves will claim
that they are bound by law to require such documentation as Social Security Numbers, (In the U.S.), in order for any person to open a bank account.
There is, however, no statute or piece of legislation that any bank could turn to in order to back up that claim. Social Security numbers are
intended for one purpose and one purpose only and that is for Social Security. What do banks have to do with Social Security? Absolutely nothing!
These banks insist they must have the number so they can ensure that a persons personal bank account is made available to government.
If a minimum wage employee has no bank account and attempts to cash the pay check he or she has been paid with at the bank that check was issued from
the banks have become so ruthless in their endeavors to ensure that all people procure a bank account that they will actually charge that minimum wage
employee or any other employee who does not have a bank account with that bank a "service fee" in order to make good on the check that was issued
from that bank. That form of extortion is a common day practice by banks today and it is criminal.
Banks have no business having the sort of economic control they wield over nations, and many of the worlds problems can be traced back to the
questionable actions of banks. Many banking institutions are heavily invested in armories and weapons manufacturers. Banks will loan billions of
dollars to unstable nations and then forgive those debts and turn to governments for bailouts paid by tax dollars while simultaneously foreclosing on
the very private individuals who paid the taxes that bailed that bank out!
Banks are not a necessity and people would be just fine with out them. Indeed, given the current banking practices of a vast majority of banks people
would be better off without them.