The case for breaking up the banks is overwhelming but Governments are in thrall to the powerful men like, for example, Lord Rothschild and others like him, who control them, and the holding companies like the Inter Alpha Banking Group.
Because of that anti monopolistic steps that would be the norm in any other industry are not taken in banking which effectively means that ordinary people are dis-empowered, disenfranchised and politically neutered.
Until we develop some “cojones” like the Icelanders, who are striking back at the theft and untrammelled greed of the bankers and the malfeasance of those who control them we are like sitting ducks or sheep waiting to be haircutted or impoverished via progressive “haircutting“.
Simon Johnson, the former IMF man, and Dr Alf, are both correct but I fear nothing will be done because the last person in America who tried was President Abraham Lincoln whose reward for trying to establish the “Greenback” and sound money was death at the hands of John Wilkes Booth.
More recently Gaddafi in Libya tried to create a currency for Africa backed by gold and again he was brutally put to death as a warning.
Our politicians in the UK are very happy with the present arrangements and will act in the interests of the money-men not the voting public.
In America it is the same and in Europe even worse.