ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Banking, the Government and the Elite -- What are their Motives?

Updated on November 20, 2011

And the band plays on!

How do the Banks get away with it?

Unemployment, resource and product shortages, bankruptcies, bank failures and mortgage foreclosures – sound a little familiar?

How did we reach this stage? To understand our current state of affairs we need to look at our banking system and then how governments tend to look the other way while corporations had a “field day” at the public expense.

Currently, all nations have a type of monetary system in which virtually all money is created through the issuing of loans. Thus, nearly all of the money in existence represent debt. For those not familiar with banking; basically, money is not that substance that is kept in the vault but, a fictional entity created out of nothing by bankers increasing to facilitate the keeping of their accounts.

But, unfortunately, a problem arises – where does all the money to pay back the interest on the loans come from? Ultimately, that money has come from new loans, taken out by others somewhere else within the financial network of the economy.

If money is not being loaned out (that is, created) at a pace fast enough to match the growth in goods and services, then not enough money will be available to repay existing loans (plus interest) and the resulting bankruptcies and foreclosures – in extreme cases – cause the economy to go into a tailspin of cascading financial chaos.

It is possible for a crisis to occur in the financial system even when energy, raw materials and labour remains abundant, as happened in the 1930’s. But is it possible for the financial system to remain healthy through a physical environment depleted in natural resources? Unfortunately, highly unlikely. It is more likely the decline in our energy needs that will trigger a financial crisis through reductions in goods and services.

Now politically, what would this mean? It is easier to contemplate sharing our resources when there is plenty to go around but when what little one has is disappearing, it will be greater stress on politicians to resolve the crisis.

If the Right gains the upper hand, the result will probably be the undermining of civil liberties; the scapegoating of leftists, minorities, and foreigners and the expansion of military and police powers (Homeland Security in the States?). If the Left gains the upper hand, there might be a revolt against the wealthy.

The Right feels there should be little or no involvement by the government except making of polices ( in favour of the multinationals and the wealthy elite) and military issues. The Right will feel obliged to protect those with disproportionate wealth and secondary to members of the lower classes who envy the wealthy or who can be persuaded that he highest aims of the state are law, order and security.

The Left feels that the government should intervene and regulate the market so that members of the lower classes will be provided by a minimum of needed resources for all citizens.

Is it better to share or compete? Do you feel that the middle class is being eroded away? That as middle class citizen, your vote mean little or has no impact?

What does democracy entail? It is a social process which citizens collectively and consciously control the allocation of natural resources and that everyone should be participating in making decisions. Wouldn’t you say that the Left is closer to democracy than the Right? The Right believes that democracy brings freedom for all but actually it allows freedom for the rich and powerful only. Which one would you have governing our province (state)? Our country? The Left or the Right? Think carefully about leaders and party lines the next time you vote in an election.


    0 of 8192 characters used
    Post Comment

    • road2hell profile imageAUTHOR


      6 years ago from Linden, AB

      Thank You, HSchneider. There will be more Hubs about our economic crisis. The more knowledge we have, the greater the opportunity to make changes. But we must have a spokesperson to lead the Wall Street Protestors exactly what we want our leader to do. (Obama?) We, the people, must set the agenda, NOT the government or anyone else that has a immoral abuse of their power.

    • profile image

      Howard Schneider 

      6 years ago from Parsippany, New Jersey

      Excellent Hub Road2Hell. I agree with you that the left is closer to a democracy than the Right. The Right represents the wealthy 1%. I will be voting for the Democrats on the Left next November. Republicans have gone much too far Right.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)