On Pirates

At the end of  my last blog I briefly referenced the sad end of an American icon, the New York Times.(1)

In this blog I would like to look at the sorry condition of another American institution:

The banks.

Whatever gave the banks the idea that the money that their customers have deposited in their banks for safekeeping is their, the banks’, money?  The depositors - who don’t have to ask the bank for its permission for them to write checks on THEIR account with them - allow their bank to use their money to invest, as reimbursement for the convenience of holding their money safe for them in their bank.(2)  And trust the bank to use/invest their - the depositor’s - money wisely.  In ’blue chip’ stocks, and so forth.  That’s how various banks get various reputations.  And ‘solid as  the rock of Gibraltar,’ and so forth, in the money business.  But now, we are told, the depositor’s money ‘belongs to the bank’.

It is fortunate that everything is coming to Change.  Or this could be the igniting spark of a revolt against the Establishment.  And including its bought-off politicians, who have allowed this sort of nonsense to come into being.  

One would think that nothing had been learned from the Savings & Loan debacle of yesteryear.  How slow, we are, sometimes, to learn things. 

In this classroom for aspiring gods.

Some of whom try to act the part before graduation.

—

footnotes:

(1) Even just a few years ago at least they had the god moral sense to censure a reporter who was caught falsifying a story.  What’s the difference now?  Slanting stories deliberately to fit a desired end - in this case, the taking-down of a duly elected president as part of the establishment of a global gulag - is falsifying a story.

   Duh.

   ‘But that sort of thing has gone on from time immemorial’?  Not to this extent.  This has now risen to the (near-monopolistic) level of treason.

(2) You do know the origin of the word ‘bank,’ don’t you?  When pirates would stash their ill-gotten gains in buried spots along the banks of rivers emptying into the ocean, for safekeeping??  An ‘X’ marks the spot, and all that???  It’s all about convenience.

   And, increasingly: pirates.