Saturday 12 October 2013

Guaranteed banks need the people to be ignorant

Banks are treated differently from the rest of the economy (they have deposit insurance) but the general public is not fully aware of the implications of this. People prefer themselves to banks... that is to say they do not like being in economic servitude to the banks... we can deduce this from how they (the people) react to other forms of slavery and so then we can deduce that their tolerance in a democracy for deposit insurance is either due to the fact that they do not know about it or they are unaware of its consequences. If people know about the realities of deposit insurance then they would not be tolerant of it and in a democracy it would cease to exist. The existence of deposit insurance is possible only if the people do not know about it. Deposit insurance is a secret kept from the public in a democracy.

When people find out about the nature of banking and deposit insurance they will cease to tolerate politicians who are not in favour of letting the banks fail like a normal business. Knowledgeable voters will not want the government to maintain deposit insurance and so the banks will fail when the people find out about how the banking system works... because they will no longer endorse deposit insurance.

The banks will fail when the voters become knowledgeable about banking.

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