Soros: Are you ready for government-owned banks?

By Monica Showalter - July 13, 2020

Leftists have never liked banks much, but well, here's something sure to flip their position:Government-owned banks, same as they have in third-world hellholes.

That's the new swamp gas emanating from the Soros crowd, same people who brought you the criminal justice 'reform' fiasco such as no bail, and let-the-criminals out of jail, same people who brought you pot-addled drivers on the nation's roads, same people who encouraged the illegals caravan surges, and the green new deals. Now it's government-owned banks.

The Soros-financed proposal, from former Chicago alderman in the pay of Soros, Ameya Pawar, is to have them model their banking considerations on social-justice-warrior priorities.

“Organize Capital: The Case for Public Banks” is to be released next spring by University of Chicago Press.

Pawar promises a “book about creating a network of state and local public banks to address inequality, poverty and finance in an inclusive community.”

No social-justice-warrioring, no loans for you. What better than to have government bureaucrats who can't be fired making decisions on which entities are and aren't credit-worthy?

And given the importance of banks to the economy (their product is money -- no money, no economy), this is a government takeover bigger than Obamacare.

“We’ve allowed money into politics, but we don’t allow politics into money. We don’t allow our social justice or climate-friendly investment thinking into investment banking, but we certainly allow the investment bankers’ money into politics.”

The book will be the culmination of two fellowships Pawar has done since leaving office.

The first is through the George Soros’ Open Society Foundations. That’s paying Pawar to pursue his interest in “how we can reimagine public finance to finance the public good.”

It's euphemistically called 'a public banking system,' sounding curiously similar to Medicare-for-all. The idea is presumably that the two systems can sit side-by-side and people can choose which one they want to patronize. But with one of those sides not needing to worry about making a profit or even make payroll, and the other desperately in need of paying attention to all of those details to stay 'sustainable,' it's pretty obvious which one of these is going to win out over the other.

That would be the same sort of entities that created the ghost cities of China. Or the crony banks of Indonesia and South Korea in the 1990s. None of this stuff is about the private sector, it's all government hog troughing.

What's disturbing here is that this is basically indistinguishable from communism. A government takeover of health care was first, and before that was even finished, there's now talk of a government takeover of banks.

Salami tactics, as the olde-tyme communists used to say. And Democrats are sure to embrace it as their own.

Time to nip this bad idea in the bud.

Image credit: World Economic Forum/swiss-image.ch/Photo by Sebastian Derungs // CC BY-SA 2.0. Processed with Graphite.

WHO and WHAT is behind it all ? : >

VISIT THE HUMAN SYNTHESIS ACHIVE

The bottom line is for the people to regain their original, moral principles, which have intentionally been watered out over the past generations by our press, TV, and other media owned by the Illuminati/Bilderberger Group, corrupting our morals by making misbehavior acceptable to our society. Only in this way shall we conquer this oncoming wave of evil.

Commentary:

Administrator

HUMAN SYNTHESIS

All articles contained in Human-Synthesis are freely available and collected from the Internet. The interpretation of the contents is left to the readers and do not necessarily represent the views of the Administrator. Disclaimer: The contents of this article are of sole responsibility of the author(s). Human-Synthesis will not be responsible for any inaccurate or incorrect statement in this article. Human-Synthesis grants permission to cross-post original Human-Synthesis articles on community internet sites as long as the text & title are not modified.

The source and the author's copyright must be displayed. For publication of Human-Synthesis articles in print or other forms including commercial internet sites. Human-Synthesis contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.