by Jerry Alatalo
“Because I enjoyed it. I loved it. I was more alive when I was inside a bank robbing it than at any other time in my life.”
– WILLIE SUTTON, JR. (1901-1980) Bank robber
ank robber Willie Sutton Jr. is inaccurately remembered as saying in response to the question why he robbed banks: “Because that’s where the money is”. Even though he never said those words one can assume he thought them, however it seems his main motive was the thrill and “action” that he became addicted to. Mr. Sutton’s reasons stand in sharp contrast to Goldman-Sachs CEO Lloyd Blankfein who infamously told a Congressional committee: “I’m doing God’s work”. Then again, perhaps Mr. Sutton and Mr. Blankfein’s motives are similar when it comes to their respective associations with banks.
The Trans-Pacific Partnership (TPP), Trans-Atlantic Trade and Investment Partnership (TTIP) and now newly-revealed Trade in Service Agreement (TiSA) are the largest trade deals in history, but an acquaintance in America – after asking him his opinion on TPP – responded he had never heard of it. Could the biggest reason the super-secret trade deals (many Americans have no awareness of them – corporate media has not reported on them) became conceptualized and drafted in secret over a period of years have been to shut down existing, and prevent multi-nation establishment of, public banks?
Provisions/legalese in the TiSA published by Wikileaks – which has sadly and ironically become the prime source of TPP/TTIP/TiSA information for elected representatives and citizens around the world – point to a major push at privatization of all public services in signatory nations, so one can logically assert this includes public banks. Because public banking makes obvious sense, and, because public banks would take many billions of dollars out of Wall Street “too-big-to-fail or jail” megabank accounts, it becomes difficult to discount public banking as possibly the main impetus for the trade deals.
A few months ago this writer, after around eight redials, got through on “Brunch With Bernie” – a long-running weekly (Fridays) call-in show on Free Speech TV – hosted by Thom Hartmann and featuring now presidential candidate Vermont Senator Bernie Sanders. The topics posed for Mr. Sanders’ consideration and opinion were (1) the decades-old, global, trillion-dollar per year tax haven/evasion industry, and (2) nationalization of the Federal Reserve. Both issues have become the subject of extensive reporting on alternative/internet media for years, however the mainstream/corporate media rarely, if ever, covers them. Both topics are common knowledge to men and women who go on the internet for their news of world events.
Senator Sanders responded to question/topic (1), global tax evasion, but did not say one word in response to topic (2): nationalization of the Federal Reserve. Without being able to read another person’s mind, it is impossible to tell whether Mr. Sanders non-response was intentional or not; he may have become so excited about speaking to an issue he’s concerned about – global tax evasion – that question (2) fell away from his consciousness. Nationalization of the Federal Reserve, if it were ever to come about, would be a world-changing event, of which certainly United States politicians share an awareness. But talking about the subject seems clearly something that is – for Washington elected representatives – “taboo”.
It’s possible that Mr. Sanders non-response on nationalizing the Federal Reserve is intimately related to his desire to remain in the status of alive. In the 1830’s the 7th U.S. President Andrew Jackson reportedly survived an assassination attempt after waging a massive, lengthy fight with Wall Street bankers for control of the nation’s money supply. Jackson won the battle, and America’s money became created by a national public central bank instead of powerful private banking interests. Andrew Jackson said the following in his 1837 Farewell Address:
“The mischief springs from the power the moneyed interest derives from a paper currency they are able to control, from the multitude of corporations with exclusive privileges which they have succeeded in obtaining… and unless you become more watchful in your states and check this spirit of monopoly and thirst for exclusive privileges you will in the end find that the most important powers of government have been given or bartered away, and the control of your dearest interests have been passed into the hands of these corporations.”
The only state-owned public bank in America is the Bank of North Dakota, established in 1919 in response to Wall Street bankers’ buying up large numbers of foreclosed midwest farms. Many American states are now seriously considering the North Dakota model. In the following talk by former Goldman-Sachs executive in charge of derivatives trading Nomi Prins, she notes that “Wall Street’s main fear (of public banking) is losing control” and that “…even tiny chinking away at their power , it really annoys them, so they see control and power lost”.
At this point, the connection between public banking’s beneficial superiority for governments of all sizes – from city to county to state and national – and TPP/TTIP/TiSA provisions that effectively block increased presence of public banks comes more clearly into view. Many will remember signs held by men and women during the Occupy movement reading “End the Fed”. TPP/TTIP/TiSA could be compared to the Monsanto toxic product Roundup/glyphosate used for killing all plant life but for the Roundup-ready crops, making it unnecessary to devote huge labor costs on weed removal. The three massive trade deals destroy the growth of public banks (weeds) before they grow stronger, spread and become thus more difficult to manage, while leaving the status-quo, Wall Street banks (Roundup-ready crops) the only remaining financial “life-form” in the trade zones (farms).
Suggesting that absolute destruction of public banking’s real, beneficial potential is the top-tier concern of those who own the world’s largest megabanks and central banks is not meant to discount other segments of public services targeted for privatization: Postal services, electricity generation, telephone, internet infrastructures etc., water/wastewater facilities/plants, waste disposal, schools and colleges, healthcare and health facilities, public employee pension funds, and so on. The assertion here is that public banking ranks as a “tier-one” concern for the forces behind creation of TPP/TTIP/TiSA, while the remaining public services and institutions – albeit very important ones – are for the creators of these trade deals “tier-two” concerns.
Public banks, of all current public/government services, would more negatively, directly affect the élite .01% who’ve been on the receiving end of world record wealth inequality by decreasing their power and control. In their perspective public banking – if not stopped, but instead “snowballs” from local, state, regional, then nationalization of the Federal Reserve and private central banks globally – means the possible loss of every government/public account from their mega-bank corporations to public-owned financial institutions.
In a very real sense, the creators of the Trans-Pacific Partnership, Trans-Atlantic Trade and Investment Partnership, and Trade in Service Agreement are attempting to prevent a positive, inequality-diminishing global condition equal to “the meek inheriting the Earth”.
In the following videos former Wall Street insider executive and author of “All the President’s Bankers” Nomi Prins talks about public banking, while Co-director of PopularResistance.org/attorney Kevin Zeese gives an excellent description of TPP/TTIP/TiSA. Ms. Prins’ talk is from January 2015 at a public banking conference in Colorado, while Mr. Zeese’ interview is from a few days ago.
Their combined message provides a valuable, clear perspective on major global events occurring in 2015.
(Thank you to argusfest at YouTube)
(Thank you to TheRealNews at YouTube)