Wednesday, March 20, 2013
FEBRUARY 4, 2005 -- STATEMENT OF HANS SCHICHT, AUTHOR
2005 -- STATEMENT OF HANS SCHICHT, AUTHOR
“The fact that the Banker is allowed to extend credit several times his own capital base and that the Banking Cartels, the Central Banks, are licensed to issue fresh paper money in exchange for treasury paper, have provided them with free lunch for eternity. Thanks to the stupidity and corruption of the legislators. And thanks to the great pundits and journalists, that never understood the crux of fiat money and thus never managed to explain the blatant, ongoing legalized robbery of the people by means of the financial fiat system!
“For over 150 years this robbery has been going on, recently increasing hyperbolically and building to an ultimate crisis. Year after year the Banker's slice of the world's asset baskets has been growing and growing. The Banker has become almighty. Through a network of anonymous financial spider webbing only a handful of global King Bankers own and control it all. Big Brother has come to us in the striped suit of the Banker.” (from "The Death of Banking and Macro Politics" February 4, 2005)