HOW THE BANKS BECAME THE GOVERNMENT

In the fractional banking system we have, banks create money and decide who is to be lent this money to, or, in other words, who is going to be rich.

Thus in the fractional banking system, what was long been viewed as the second most important function of government, after war, the control of the currency, has been given to a few private individuals. This is an amazing revolution.

So, either the banks govern (the system we have presently), or we decide that we control the banks. We The People. In other words, in the second case, we impose on banks a fiduciary duty, and tight regulations so they will not be corrupt.
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Patrice Ayme
(Much more details to be posted soon on: http://patriceayme.wordpress.com/)

P/S: The only remaining control has been that the government controls the reserve requirements, which determine the multiplier, which, in turn, determines how much money banks can make, and lend. Even that role was abdicated by the Bush administration, since multipliers of 50 were allowed.