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SOUTHPEN

01/11/13 7:15 AM

#15928 RE: cash2 #15927

Your over simplifying is directed at your response on how to handle the multi faceted Banking -Currency problem in our country or for that matter this World.

You can't just blame corrupt politicians or delve into endless international conspiracy. Glass Steagall (which if you study me ) has been a topic of mine for years. Clinton overturned it just a couple months before leaving office. "Every corrupt or poorly orchestrated political move has a lobby behind it " and JPM ,Citi,Goldman etc have the most powerful lobby in the World ,bar none. They are tools, but instead of ranting about world conspiracies ,I choose to look at a problem at it's obvious core ,where something might be done to correct it.

The Glass- Steagall Act (Carter Glass and Henry Steagall) should be completely reinstated. That's a beginning. Commercial Banks taking your deposits and Federal Reserve backing should not be allowed to invest in markets through there legal affiliates. That is simple but making more of it than that just makes the whole talk get so confusing that the masses will never fully comprehend ,therefore nothing will change.