Anyone wanting to find out the scams and schemes that bankers get up to should watch this video which gives a very good description of the fractional reserve banking system. Essentially this is a grand money printing exercise or, in the current computer world, a digital dollar production. Shocking or what?
Bankers thought the Chancellor was really rather lenient on them in the Budget. He may have been, but should we? Sooner or later this balloon is going to pop big time. I see the Rev. Stephen Green, Anglican priest and chief of the HSBC Banking Group is off to Canada for a B20 meeting. This group has been set up to shadow the shenanigans of the G20. I'm still figuring out how the reverend gentleman squares up dominical teaching with modern day money changing. It's currently too warm for my brain to cogitate properly, but I'll be giving it some further thought. However, it does appear that HSBC has been steered in a way that may reflect Christian stewardship as a component part, so a fractional part of the stewardship may have been implemented!
Saturday, June 26, 2010
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