The Power of Banks

- Banking always wins - Financial Mutation Process - They accumulate debt and print money - Schumpeter’s Creative Destruction - There is a mad scramble going on right now - Bankers control the economy - Credit default swaps - Central banks rule without competition - Privatising profits and socialising losses - Now they are looking for a way out of their own trap - A black hand unleashed panic at Deutsche Bank - The crisis in the banking system is bringing recession closer - 5 banks suspicious of money laundering investigated in France