Collateral Damage
As
background to the question that I pose at the end of this post, I'd like to
request the reader to consider that which I wrote in an essay entitled:
"The Federal Reserve System and Bank Yisra'el", which is to be found
on the following URL: http://www.geocities.com/dordot2001/FedBankYisrael.htm
Here
are excerpts from the home pages of Rothschilds and J.P.Morgan Chase (which was
formed in 2000 when Chase Manhattan Corporation, a Rockefeller enterprise,
acquired J.P. Morgan & Co) banks.
The
former says, inter alia:
"Rothschild has been at the centre of
the world's financial markets for over 200 years. Today, it provides Investment
Banking, Corporate Banking and Private Banking & Trust services to
governments, corporations and individuals worldwide."
Source:
http://www.rothschild.com/
The
latter says, inter alia:
"JPMorgan Chase & Co. (NYSE: JPM) is
a leading global financial services firm with assets of $1.6 trillion and
operations in more than 50 countries. The firm is a leader in investment
banking, financial services for consumers, small business and commercial
banking, financial transaction processing, asset management, and private
equity. A component of the Dow Jones Industrial Average, JPMorgan Chase has its
corporate headquarters in
Source: http://tinyurl.com/235p9m
When
people take loans from banks, they put up collateral.
Now,
I'm going to ask ya'll a simple question.
What
do governments, which have no money of their own, put up as collateral when
they borrow from these banks?
Doreen
Ellen Bell-Dotan,