posted on Aug, 23 2013 @ 01:59 PM
reply to post by gladtobehere
The problem is; most banking in the world has NOTHING to do with the free market. They are institutions that have been given the power by the
government to make money out of nothing and charge their customers interest on it. They are a government sponsored monopoly through and through.
In most cases, I agree, there is too much regulations stifling business practices. Not in the banking and financial sectors though. In their case, no
amount of regulations would be enough IMO.
Banksters and Wall Street have the power to vastly put the world economy at risk through financial instruments that amount to nothing more than casino
gambling on a large scale with all of our money on the tables. They have no incentives against behaving recklessly with other people's money and they
have the power and influence to fix the markets so that they turn up on top every time, leaving the rest of us holding all the losses after they get
out of the market.
The stock market is supposed to put businessmen in touch with investors who both share an interest in the long term stability and profitability of a
company. Instead, through the lack of any meaningful regulations, it has become a gambling casino in which everybody seeks to get in, make a quick
profit, then get out while the gettin' is good, leaving the companies they invested in the worse for the wear. It is common practice for venture
capitalists to buy up a company, take out loans against its assets, use those loans to pay themselves huge dividends then sell everything off, leaving
the company debt ridden while they and their associates walk away with all the dough. The company goes under and hundreds of employees end up out of
In a properly regulated market, something like this could never happen and the parties responsible would end up in jail if they tried. Today, not only
are these markets not regulated but, the government even lacks the ability to bring criminal charges for such blatant acts of theft.