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posted ago by UnemployedMarx ago by UnemployedMarx +20 / -0

Quick Intro: International Banking is bad and it's good that many right-wing people have come to this conclusion but almost all the discourse over it is wrong. They'll discuss usury as bad because the Bible or Banking is bad because Jews or something about fiat currency being inherently evil because it's not backed by an asset etc... It all misses the mark entirely.

International banking is bad because of how it moves savings around. That's it.

Let's say you live in some small town in Tennessee, when you deposit funds at an international bank, you allow that international bank to then reallocate your savings toward an investment opportunity but there is nothing that says your savings must be used in your small town in Tennessee. International Bankers will take excess savings in country X then reallocate that savings to country Y. The bank chooses how to reallocate to maximize the bank's profit but not maximize the interest of your small town, your State or your country.

This is why international bankers are inherently globalists because globalism maximizes an international bank's profit. The more globalism the higher international banks profit and you don't necessarily benefit.

In effect, international banks siphon the savings from one country (your own) and then reallocate the benefits of one country (your own) to another country in the way of lending toward investment opportunities (foreign country). In this way your country, instead of aiding its own citizens, aids foreigners to the profit of international bankers.

This is why international banking is bad and why international banking always leads to globalism because the incentive structure for international bankers is to promote globalism. If you want to defeat globalism you need to nationalize your banking system and you must destroy international banking.

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Magalicious 2 points ago +2 / -0

Laymens terms, well done. I think its still difficult for normies to believe a lending institution would betray them. But they do. Updoot!!

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UnemployedMarx [S] 1 point ago +1 / -0

Thanks. I'm disappointed my topic got so few views. Banks are literally one of the central driving forces to the problem we face today and I've highlighted why...

We can keep fighting "leftism" but so long as international banking underpins our entire economic system, we'll never win...

It's unfortunately, no one sees that as readily as they should.