Dead Bankers - Christians Too

"The Death Of The Banker"-The Decline And Fall Of The Great Financial Dynasties And The Triumph Of The Small Investor-by Ron Chernow

Valuable historical info-Wall Street and Banks

Basicaly he says that the small investors, (main-street) can and will take over. What would that mean? What if every American owned at least one stock? Their way to put us in the street? Or the only way we could use our voices anymore?
But with the new technology and computers in our enemies camps, war COULD be waged a new and different way. Not public but in stealth.

I found many more pertinent points of history in this book.
A Salute to Mr. Chernow-Excellent writing and history bits!

(I should have used a small 'C' in Christians in the title to show they were not really Christians-but that is the result of English and writing rules for titles. ~sigh~)

Matthew 10:16
Behold, I send you forth as sheep in the midst of wolves: be ye therefore wise as serpents, and harmless as doves.

Category:

Education

Tags:

• banks
• america
• wall-street
• j.p.morgan
• standard-oil
• stocks
• bonds
• investors
• financial

[Licmycat]

@mikem1234 ThXs for that link. Yes, and there are gov. agencies on the stock market who people can easily use to steal big bucks. Fannie Mae and Freddie Mac. I'm currently reading a book with a lot of details; " $700 Billion Bailout" by Paul Muolo. He is a freelancer who has been on many Media's news on Finances. Details are the clean-up tools these days, aren't they? :) Gambling on the stock market is a no-no for our gov. I hasten to add. That needs to be nipped in the bud too, I believe.

[mikem1234]

@Licmycat They did trade government (Treasury) bonds with big financial players like Goldman Sachs, at least during the "quantitative easing 2": /watch?v=PTUY16CkS-k

[Licmycat]

Unfortunately alot of state leaders have been throwing tax payer monies into that market as well and hurting their own people in the state. On Wall Street they are working feverishly to do away with our gov. and destroy any laws and morals. We have domestic terrorists who are our rich funding foreign terrorists as well in the market. And, they get a way to make money off what terrorists do in this country. Gouging has become their way of life. This is a very dangerous time for our nation.

[Licmycat]

@mikem1234 Yes. That's why we have such similar probs as other nations. J.P. Morgan want's to go global and the richest people on Wall Street look to be selling and buying from each other to keep the money between themselves and fooling middle-class and poor to put their money into it. Which they keep of course. You can get a good idea from Jordan Belfort in his books; "The Wolf Of Wall Street", and "Catching The Wolf Of Wall Street."

[mikem1234]

@Licmycat Do you mean in how they bring in foreign investors who will play all kinds of financial games and hinder states' powers to serve regular peoples' interests? Or are you talking conspiracies here, outside the normal capitalist system?

[Licmycat]

Hence, I honor Whistle-Blowers. ThXs so much for ur comment, more to think about. Have a lovely evening. Blessings. :)

[Licmycat]

Plus, I've been around a lot of crooks in my life-time mostly small ones but big ones in this state. They don't want you to know anything at all if it's possible to do with u doing their work or making it so complicated most people wouldn't understand any of it even if they read it. That is a crooks way of stealing. And they are using anyone they can pay off to do. Like manpower temp company here in Okla. I can't get a job now because I've been black-balled for being honest and Whistle-Blower.

[Licmycat]

@mikem1234 Yes, I had to struggle to be unbiased on this as I didn't really see anything that showed his thoughts on it one way or another. I have more books on this subject to study and expect the truth to come out. As it is, Wall Street people are doing really bad things and it looks like they have been funding foreign terrorists who may be doing jobs here for them, as things affect their markets on things that causes big damages and fears. Nobody wants to talk about that.

[mikem1234]

@Licmycat I don't think the author of this book was totally responsible for that. But there's a lot of fine print that goes into financial agreements (both savings and mortgages) with ordinary people that we are not likely to investigate. When these low interest rates on mortgages and a housing boom that never seemed like it was going to end, people didn't really stop to investigate what the banks were doing. They would hit a wall of mathematical jargon even if they did!

[mikem1234]

@Licmycat I agree, but it was an ongoing process, it didn't just happen all of a sudden in a big mega-grab. Banks lent money at subprime interest rates under the direction of Alan Greenspan and the Fed, backed by rating agencies that lowered their standards. Goldman Sachs executives testified in congress that they knew the mortgages and financial assets they'd created were going to fail - they profited from it. In your country, there is no distinction between savings banks and investment banks.