Banking Services | In the Spirit of the Forum for Stable Currencies

English: A crowd forms on Wall Street during the Bankers Panic of 1907. (Photo credit: Wikipedia)

It’s nice to see when ‘beginners’ in monetary reform tackle our systemic money problems, by tackling the banking issue. Here are the four simple demands that 38 Degrees have formulated in their petition It’s Time to Fix Banking:

Dear Banking Committee

Please hold the banks to account for the way they’ve behaved. The scandals need to stop. You need to make sure:

Banks put customers first, not bankers
There are tougher rules to keep banks in line
There are proper punishments for bankers who break them
It’s easier for us to move to a different bank when we want to.

But no banking regulation and no punishment of bankers will change

the Government’s dependence on public debts
the Government’s unwillingness to spend the Cash that it can print and mint into the economy
the Government’s willingness to bail out banks rather than businesses…

And thus we know better than ever: money rules the world, as created by banks, not in the spirit of the writers of the Bank of England Act 1694 though!

Barclays fights to rebuild reputation with call to strike off rogue bankers (independent.co.uk)
BANKERS BEHIND BARS – Petition To Put Bankers In Jail Passes 350,000 Signatures In Two Days (alexanderhiggins.com)
Some good news about investment banking compensation this year. Anshu Jain pinpoints why equities and M&A bankers have most to lose in the long term (news.efinancialcareers.com)
New e-petition targeted at HM Treasury: Withdraw Barclays’ Banking Licence! (victims-unite.net)
Remove Bankers, sign Avaaz petition (aquariuschannelings.com)
A Banker Reveals How Banks Try to Take Your Money (mint.com)
Wells Fargo Pushes Pause On Foreclosure As Petition Nears 150,000 Signatures (consumerist.com)
HBOS banker Peter Cummings fined £500,000 and handed life ban by FSA (standard.co.uk)

“Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible.

“When, through process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers.

“These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance.

“It is thus, by discrete action, we can secure for ourselves that which has been so well planned and so successfully accomplished.”

Montagu Norman, Governor of The Bank Of England, addressing the United States Bankers’ Association, NYC 1924

NB: This quotation was reprinted in the Idaho Leader, USA, on 26th August 1924, and has been read into the Australian Federal Hansard twice: by John Evans MP, in 1926, and by MD Cowan MP, in the session of 1930-31.