“
I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
”
”
Thomas Jefferson
“
When they took a young man into Tellson's London house, they hid him somewhere till he was old. They kept him in a dark place, like a cheese, until he had the full Tellson flavour and blue-mould upon him. Then only was he permitted to be seen, spectacularly poring over large books, and casting his breeches and gaiters into the general weight of the establishment.
”
”
Charles Dickens (A Tale of Two Cities)
“
A NATION'S GREATNESS DEPENDS ON ITS LEADER
To vastly improve your country and truly make it great again, start by choosing a better leader. Do not let the media or the establishment make you pick from the people they choose, but instead choose from those they do not pick. Pick a leader from among the people who is heart-driven, one who identifies with the common man on the street and understands what the country needs on every level. Do not pick a leader who is only money-driven and does not understand or identify with the common man, but only what corporations need on every level.
Pick a peacemaker. One who unites, not divides. A cultured leader who supports the arts and true freedom of speech, not censorship. Pick a leader who will not only bail out banks and airlines, but also families from losing their homes -- or jobs due to their companies moving to other countries. Pick a leader who will fund schools, not limit spending on education and allow libraries to close. Pick a leader who chooses diplomacy over war. An honest broker in foreign relations. A leader with integrity, one who says what they mean, keeps their word and does not lie to their people. Pick a leader who is strong and confident, yet humble. Intelligent, but not sly. A leader who encourages diversity, not racism. One who understands the needs of the farmer, the teacher, the doctor, and the environmentalist -- not only the banker, the oil tycoon, the weapons developer, or the insurance and pharmaceutical lobbyist.
Pick a leader who will keep jobs in your country by offering companies incentives to hire only within their borders, not one who allows corporations to outsource jobs for cheaper labor when there is a national employment crisis. Choose a leader who will invest in building bridges, not walls. Books, not weapons. Morality, not corruption. Intellectualism and wisdom, not ignorance. Stability, not fear and terror. Peace, not chaos. Love, not hate. Convergence, not segregation. Tolerance, not discrimination. Fairness, not hypocrisy. Substance, not superficiality. Character, not immaturity. Transparency, not secrecy. Justice, not lawlessness. Environmental improvement and preservation, not destruction. Truth, not lies.
Most importantly, a great leader must serve the best interests of the people first, not those of multinational corporations. Human life should never be sacrificed for monetary profit. There are no exceptions. In addition, a leader should always be open to criticism, not silencing dissent. Any leader who does not tolerate criticism from the public is afraid of their dirty hands to be revealed under heavy light. And such a leader is dangerous, because they only feel secure in the darkness. Only a leader who is free from corruption welcomes scrutiny; for scrutiny allows a good leader to be an even greater leader.
And lastly, pick a leader who will make their citizens proud. One who will stir the hearts of the people, so that the sons and daughters of a given nation strive to emulate their leader's greatness. Only then will a nation be truly great, when a leader inspires and produces citizens worthy of becoming future leaders, honorable decision makers and peacemakers. And in these times, a great leader must be extremely brave. Their leadership must be steered only by their conscience, not a bribe.
”
”
Suzy Kassem (Rise Up and Salute the Sun: The Writings of Suzy Kassem)
“
This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill.
”
”
Charles A. Lindbergh Sr. (Lindbergh On the Federal Reserve - The Economic Pinch)
“
Drive-in banks were established so most of the cars today could see their real owners.
”
”
E. Joseph Cossman
“
I am convinced that everything has come down to us from the banks of the Ganges, - astronomy, astrology, metempsychosis, etc... It is very important to note that some 2,500 years ago at the least Pythagoras went from Samos to the Ganges to learn geometry...But he would certainly not have undertaken such a strange journey had the reputation of the Brahmins' science not been long established in Europe
”
”
Voltaire
“
its mere existence is an insurance policy that will remind governments that the last object the establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future.
”
”
Saifedean Ammous (The Bitcoin Standard: The Decentralized Alternative to Central Banking)
“
Back in August, I wrote a post about the supposed race to the bottom with ebooks, refuting some nonsense written by an establishment bonehead.
This meme won't die. People are still convinced that new ebooks are going to be priced at ten cents, and writers will starve, and this will cause a second Great Depression where banks will close and people will be forced to buy Kindles with food stamps, and then the earth will enter another ice age where all the bunnies will freeze to death.
”
”
J.A. Konrath
“
Heaven, for the Presbyterians, must resemble a banking establishment, with each soul tagged and docketed, and placed in the appropriate pigeonhole.
”
”
Margaret Atwood (Alias Grace)
“
You have extraordinary power to establish justice and make a real difference in the lives of those whom the enemy took unfair advantage of.....through trauma.
”
”
Jim Banks (The Effects of Trauma and How to Deal With It)
“
The park was the heart of the city. He had come to the city – and with a knowing in his blood – he had established himself at the heart of it. Everyday he looked at the heart of it; every day; he was so stunned and awed and overwhelmed that just to think about it made him sweat. There was something, in the center of the park, that he had discovered. It was a mystery although it was in a glass case for everybody to see and there was a typewritten card over it telling all about it. But there was something the card couldn't say and what it couldn't say was inside him. He could not show the mystery to just anybody; but he had to show it to somebody. Who he had to show it to was a special person. This person could not be from the city but he didn't know why. He knew he would know him when he saw him and that he would have to see him soon or the nerve inside him would grow so big that he would be forced to steal a car or rob a bank or jump out of a dark alley onto a woman.
”
”
Flannery O'Connor (Wise Blood)
“
the main source of profitableness of established banking is the smallness of requisite capital.”4
”
”
Vivek Kaul (Easy Money: Evolution of Money from Robinson Crusoe to the First World War)
“
American foreign policy establishment is inextricably linked to the banking establishment.
”
”
James Perloff (Truth Is a Lonely Warrior: Unmasking the Forces behind Global Destruction)
“
And teacher Bertolt Brecht,
communist, German playwright and poet
(in that order) wrote:
“What’s a bank robbery
compared with the crime
of the establishment of a bank?
”
”
Roque Dalton (Historias y poemas de una lucha de clases / Stories and Poems of a Class Struggle)
“
Those long uneven lines
Standing as patiently
As if they were stretched outside
The Oval or Villa Park,
The crowns of hats, the sun
On moustached archaic faces
Grinning as if it were all
An August Bank Holiday lark;
And the shut shops, the bleached
Established names on the sunblinds,
The farthings and sovereigns,
And dark-clothed children at play
Called after kings and queens,
The tin advertisements
For cocoa and twist, and the pubs
Wide open all day--
And the countryside not caring:
The place names all hazed over
With flowering grasses, and fields
Shadowing Domesday lines
Under wheat's restless silence;
The differently-dressed servants
With tiny rooms in huge houses,
The dust behind limousines;
Never such innocence,
Never before or since,
As changed itself to past
Without a word--the men
Leaving the gardens tidy,
The thousands of marriages,
Lasting a little while longer:
Never such innocence again.
- MCMXIV
”
”
Philip Larkin
“
I have searched for you for well over a year. I have hired detectives and bounty hunters and I have employed my own security men as well. They have looked in Pittsburgh, Philadelphia, New York, Boston and pretty much everywhere in between. Even the staunchest of private detectives found not a trace of you after you left the bank in Pittsburgh. It was as if you never existed. But you did exist, Clara. You stamped your mark upon me, and I will stamp your mark upon the world to prove your existence and remind myself to stay your course. As you would have desired, any fortune I amass will be dedicated for the betterment of mankind, particularly the education and improvement of the poorer and immigrant classes by the establishment of free libraries.
”
”
Marie Benedict (Carnegie's Maid)
“
I am convinced that everything has come down to us from the banks of the Ganges, - astronomy, astrology, metempsychosis, etc. It does not behove us, who were only savages and barbarians when these Indian and Chinese peoples were civilised and learned, to dispute their antiquity. . . . It is very important to note that some 2,500 years ago at the least Pythagoras went from Samos to the Ganges to learn geometry. . . . But he would certainly not have undertaken such a strange journey had the reputation of the Brahmins' science not been long established in Europe.
”
”
Voltaire
“
If underground militant cells were setting off hundreds of bombs and robbing banks around the country these days, of course, America would be crazed, consumed, talking of nothing else, and probably under martial law. The bombings back then seldom made the national news because a reasonable and rational Establishment was still in charge of the media discourse, determined to help Americans remain reasonable and rational.
”
”
Kurt Andersen (Fantasyland: How America Went Haywire: A 500-Year History)
“
am not making any predictions, but the Bible seems to indicate that instead of the Palestinians taking over the West Bank, the Israelis will in due course establish some kind of governmental control over the East Bank. You may say, “That is not what the experts anticipate.” Frankly, that does not disturb me! There is no situation in modern history about which the “experts” have been so consistently wrong as the reestablishment of Israel.
”
”
Derek Prince (The Key to the Middle East: Discovering the Future of Israel in Biblical Prophecy)
“
I watch Jasmine take in the food. “This looks like paella from Rom’s.”
“It is.”
Surprise flares, quickly banked. “You know my favorite place.”
“I think we’ve established that my fascination with you has prodded me to learn all number of things.
”
”
Katee Robert (Desperate Measures (Wicked Villains, #1))
“
I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” – Thomas Jefferson
”
”
Angelo Agrizzi (Inside the Belly of the Beast: The Real Bosasa Story)
“
Although the Muslim commercial web possessed many advanced features, including bills of exchange, sophisticated lending institutions, and futures markets, no Islamic state ever established the bedrock financial institution of the modern world: a national or central bank
”
”
William J. Bernstein (A Splendid Exchange: How Trade Shaped the World)
“
Liza considering back-peddling but thought about her empty bank account. “That’ll be fine, sir. I don’t wear skirts anyway.”
He hmphed as though he suspected she might also be inclined to burn her bra on the courthouse steps and snapped, “No jeans either, this is a professional establishment.
”
”
Gwenn Wright
“
We will know that socialism has established itself when we are able to look back with utter incredulity on the idea that a handful of commercial thugs were given free rein to corrupt the minds of the public with Neanderthal political views convenient for their own bank balances but for little else.
”
”
Terry Eagleton (Why Marx Was Right)
“
Online, we still can’t reliably establish one another’s identities or trust one another to transact and exchange money without validation from a third party like a bank or a government. These same intermediaries collect our data and invade our privacy for commercial gain and national security. Even with
”
”
Don Tapscott (Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World)
“
Though Harsha was himself a Hindu, and had recently established a
forerunner of the great Kumbh Mela on the banks of the Ganges, he was
also a generous patron to the Buddhists, especially those of Nalanda to
whom he had given an enormous brass image as well as more than a
hundred villages as an endowment.
”
”
William Dalrymple (The Golden Road: How Ancient India Transformed the World)
“
Trade may seem a very pragmatic activity, one that needs no fictive basis. Yet the fact is that no animal other than Sapiens engages in trade, and all Sapiens trade networks were based on fictions. Trade cannot exist without trust, and it is very difficult to trust strangers. The global trade network of today is based on our trust in such fictional entities as currencies, banks and corporations. When two strangers in a tribal society want to trade, they establish trust by appealing to a common god, mythical ancestor or totem animal. In modern society, currency notes usually display religious images, revered ancestors and corporate totems.
”
”
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
“
How do you make a profound and heartfelt anti-capitalist work of art, for example, if you've spent the previous evening at a swanky museum dinner sitting next to the head of some investment bank, who also happens to be one of your major collectors/clients? Or how do you make a work about the environment when your own carbon footprint is far larger than most? Can it be possible to produce a painting or sculpture that seeks to illuminate an unfairness in a society from which you are so obviously benefiting? And how do you go about criticizing the establishment, when you are a fully signed-up member of its inner circle? The answer is, you don't.
”
”
Will Gompertz (What Are You Looking At?: 150 Years of Modern Art in a Nutshell)
“
Trade cannot exist without trust, and it is very difficult to trust strangers. The global trade network of today is based on our trust in such fictional entities as currencies, banks and corporations. When two strangers in a tribal society want to trade, they establish trust by appealing to a common god, mythical ancestor or totem animal.
”
”
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
“
Boston University’s CTE Center has established a “brain bank,” where former athletes with symptoms consistent with CTE can donate their brains upon death. Now with 425 brains, the center published a study in 2017 of former professional and amateur football players. Among 111 NFL players, the brains of all but one of them showed signs of severe CTE.
”
”
Rahul Jandial (Life Lessons From A Brain Surgeon: Practical Strategies for Peak Health and Performance)
“
Some of Ben-Gurion’s generals wanted to take the West Bank of the Jordan River, frustrated that Israel had forfeited an opportunity to establish a secure natural frontier, but Ben-Gurion demurred. He had several reasons. The last thing Israel needed, he believed, was to control an even greater number of Arab civilians. As it was, Ben-Gurion was worried about those Arabs who remained in Israel. They were Israeli, because they had stayed inside the state, but the only thing that distinguished them at that point from Israel’s enemies on the other side of the line was that they had not fled, while their family members had. Ben-Gurion did not dare imagine that they yet had any loyalty to the new state. Ben-Gurion was also concerned that the Americans would look askance on Israel taking more territory. No less important, Ben-Gurion chose not to conquer the West Bank because his mind had moved on to other challenges. He was, as Anita Shapira notes, “already immersed in the vital mission of bringing in masses of new immigrants and absorbing them.”48 THE
”
”
Daniel Gordis (Israel: A Concise History of a Nation Reborn)
“
Most Europeans like to think that American bankruptocracy is worse than its European cousin, thanks to the power of Wall Street and the infamous revolving door between the US banks and the US government. They are very, very wrong. Europe’s banks were managed so atrociously in the years preceding 2008 that the inane bankers of Wall Street almost look good by comparison. When the crisis hit, the banks of France, Germany, the Netherlands and the UK had exposure in excess of $30 trillion, more than twice the United States national income, eight times the national income of Germany, and almost three times the national incomes of Britain, Germany, France and Holland put together.8 A Greek bankruptcy in 2010 would have immediately necessitated a bank bailout by the German, French, Dutch and British governments amounting to approximately $10,000 per child, woman and man living in those four countries. By comparison, a similar market turn against Wall Street would have required a relatively tiny bailout of no more than $258 per US citizen. If Wall Street deserved the wrath of the American public, Europe’s banks deserved 38.8 times that wrath. But
”
”
Yanis Varoufakis (Adults in the Room: My Battle with Europe's Deep Establishment)
“
in for the evening. The town rose into view, the biggest Cora had seen since North Carolina, if not as long established. The long main street, with its two banks and the loud row of taverns, was enough to bring her back to the days of the dormitory. The town gave no indication of quieting for the night, shops open, citizens a-prowl on the wooden sidewalks. Boseman was adamant about not spending the night. If the
”
”
Colson Whitehead (The Underground Railroad)
“
The three terms of Federalist rule had been full of dazzling accomplishments that Republicans, with their extreme apprehension of federal power, could never have achieved. Under the tutelage of Washington, Adams, and Hamilton, the Federalists had bequeathed to American history a sound federal government with a central bank, a funded debt, a high credit rating, a tax system, a customs service, a coast guard, a navy, and many other institutions that would guarantee the strength to preserve liberty. They activated critical constitutional doctrines that gave the American charter flexibility, forged the bonds of nationhood, and lent an energetic tone to the executive branch in foreign and domestic policy. Hamilton, in particular, bound the nation through his fiscal programs in a way that no Republican could have matched. He helped to establish the rule of law and the culture of capitalism at a time when a revolutionary utopianism and a flirtation with the French Revolution still prevailed among too many Jeffersonians. With their reverence for states’ rights, abhorrence of central authority, and cramped interpretation of the Constitution, Republicans would have found it difficult, if not impossible, to achieve these historic feats. Hamilton
”
”
Ron Chernow (Alexander Hamilton)
“
Forcing new loans upon the bankrupt on condition that they shrink their income is nothing short of cruel and unusual punishment. Greece was never bailed out. With their ‘rescue’ loan and their troika of bailiffs enthusiastically slashing incomes, the EU and IMF effectively condemned Greece to a modern version of the Dickensian debtors’ prison and then threw away the key.
Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the accumulation of new bad debts nor helped creditors get their money back. For capitalism to advance in the nineteenth century, the absurd notion that all debts are sacred had to be ditched and replaced with the notion of limited liability. After all, if all debts are guaranteed, why should lenders lend responsibly? And why should some debts carry a higher interest rate than other debts, reflecting the higher risk of going bad? Bankruptcy and debt write-downs became for capitalism what hell had always been for Christian dogma – unpleasant yet essential – but curiously bankruptcy-denial was revived in the twenty-first century to deal with the Greek state’s insolvency. Why? Did the EU and the IMF not realize what they were doing?
They knew exactly what they were doing. Despite their meticulous propaganda, in which they insisted that they were trying to save Greece, to grant the Greek people a second chance, to help reform Greece’s chronically crooked state and so on, the world’s most powerful institutions and governments were under no illusions. […]
Banks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest. But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on themselves. A debt restructuring would require them to go back to their parliaments and confess their earlier sin, something they would never do voluntarily, fearful of the repercussions. The only alternative was to continue the pretence by giving the Greek government another wad of money with which to pretend to meet its debt repayments to the EU and the IMF: a second bailout.
”
”
Yanis Varoufakis (Adults in the Room: My Battle with Europe's Deep Establishment)
“
I remember when we found the first population of living Cerion agassizi in central Eleuthera. Our hypothesis of Cerion's general pattern required that two predictions be affirmed (or else we were in trouble): this population must disappear by hybridization with mottled shells toward bank-interior coasts and with ribby snails toward the bank-edge. We hiked west toward the bank-interior and easily found hybrids right on the verge of the airport road. We then moved east toward the bank-edge along a disused road with vegetation rising to five feet in the center between the tire paths. We should have found our hybrids but we did not. The Cerion agassizi simply stopped about two hundred yards north of our first ribby Cerion. Then we realized that a pond lay just to our east and that ribby forms, with their coastal preferences, might not favor the western side of the pond. We forded the pond and found a classic hybrid zone between Cerion agassizi and ribby Cerions. (Ribby Cerion had just managed to round the south end of the pond, but had not moved sufficiently north along the west side to establish contact with C. agassizi populations.) I wanted to shout for joy. Then I thought, "But who can I tell; who cares?" And I answered myself, "I don't have to tell anyone. We have just seen and understood something that no one has ever seen and understood before. What more does a man need?
”
”
Stephen Jay Gould (The Flamingo's Smile: Reflections in Natural History)
“
Just as European nobles used to consolidate their unaccountable powers in castles, to better subjugate and extract tribute from the surrounding peasantry, so financial capital has coalesced in these fortified nodes of unaccountable political and economic power, capturing local politics and turning these jurisdictions into fast and flexible private law-making machines, defended against outside interference and protected by establishment consensus and the suppression of dissent.
”
”
Nicholas Shaxson (Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens)
“
What is the Southern Strategy? It is this. It says to the South: Let the poor stay poor, let your economy trail the nation, forget about decent homes and medical care for all your people, choose officials who will oppose every effort to benefit the many at the expense of the few—and in return, we will try to overlook the rights of the black man, appoint a few southerners to high office, and lift your spirits by attacking the ‘eastern establishment’ whose bank accounts we are filling with your labor and your industry.”42 McGovern
”
”
Ian F. Haney-López (Dog Whistle Politics: How Coded Racial Appeals Have Reinvented Racism and Wrecked the Middle Class)
“
There is pleasure in watching the sophistries of mankind, his decisions made and unmade like the swirl of a mill-race, causation sweeping him forward from act to act while his reason dances on the surface of action like a pattern of foam. Yes, and the accumulations of human reason, she thought, the proofs we all assent to, the truths established beyond shadow of doubt, these are like the stale crusts of foam that lie along the river-bank and look solid enough, till a cloudburst further up the valley sends down a force of water that breaks them up and sweeps them away.
”
”
Sylvia Townsend Warner (The Corner That Held Them (New York Review Books Classics))
“
In the mid-1980s, Congress authorized the creation of the US Sentencing Commission to examine prison terms and codify norms to correct the arbitrary punishments meted out by unaccountable judges. First, in 1989 the commission’s guidelines for individuals went into effect, establishing a point system for how many years of prison a convicted criminal might get, based on the seriousness of the misconduct and a person’s criminal history. In 1991, amid public and congressional outrage that sentences for white-collar criminals were too light and fines and sanctions for corporations too lenient, the Sentencing Commission expanded the concept to cover organizations. It formalized the Sporkin-era regime of offering leniency in exchange for cooperation and reform. The new rules delineated factors that could earn a culprit mercy. In levying a fine, the court should consider, the sentencing guidelines said, “any collateral consequences of conviction.” 1 “Collateral consequences” was, and remains, an ill-defined concept. How worried should the government be if a punishment causes a company to go out of business? Should regulators worry about the cashiering of innocent employees? What about customers, suppliers, or competitors? Should they fret about financial crises? From this rather innocuous mention, the little notion of collateral consequences would blossom into the great strangling vine that came to be known after the financial crisis of 2008 by its shorthand: “too big to jail.” Prosecutors and regulators were crippled by the idea that the government could not criminally sanction some companies—particularly giant banks—for fear that they would collapse, causing serious problems for financial markets or the economy.
”
”
Jesse Eisinger (The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives)
“
Defeated by the Southern strategy, McGovern neatly summed it up: “What is the Southern Strategy? It is this. It says to the South: Let the poor stay poor, let your economy trail the nation, forget about decent homes and medical care for all your people, choose officials who will oppose every effort to benefit the many at the expense of the few—and in return, we will try to overlook the rights of the black man, appoint a few southerners to high office, and lift your spirits by attacking the ‘eastern establishment’ whose bank accounts we are filling with your labor and your industry.”42
”
”
Ian F. Haney-López (Dog Whistle Politics: How Coded Racial Appeals Have Reinvented Racism and Wrecked the Middle Class)
“
People here talked about the pre-1967 borders.
To tell you the truth this is astonishing.
Whatever happened to the (Palestinian) cause we had before 1967?
Were we lying to ourselves or to the world?
Thousands of martyrs fell before 1967. What for?
How can you say that Palestine was occupied only in 1967, and that (Israel) must return to the pre-1967 borders?
Does Palestine consist of only the West Bank and the Gaza Strip?
If so, it means that the Israelis did not occupy it in 1948.
They left it to you for twenty years, so why didn't you establish a Palestinian state?
Wasn't the Gaza strip part of Egypt, and the West Bank part of Jordan?
The Jews left them to you for twenty years - from 1948 to 1967.
If that is Palestine, why didn't you establish a state there?
What is the justification for all the wars, the sacrifices, and the economic embargo on Israel before 1967?
The Israelis can sue the Arabs now, and demand billions or even trillions in compensation for the damage caused them in 1948-1967.
You Arabs admitted that the (Palestinian) cause began after 1967.
So the Israelis can ask:
"Why did you fight us before that?"
They will demand Arab compensation for the so-called embargo on Israel, and for the economic damage caused to the Israelis.
If the Israelis sue you, they will win.
They will say:
We suffered an injustice.
We are like an innocent lamb surrounded by wolves.
We've been saying this since 1948.
Now the Arabs themselves have admitted that Palestine was occupied in 1967.
Now they demand that Israel return to the pre-1967 borders, saying this will resolve the problem, and they will recognise Israel.
Why didn't you recognise Israel before 1967?
There is no God but Allah.
By Allah, this is unacceptable.
It doesn't make sense.
You say that you will recognise Israel within the pre-1967 borders?!
Maybe Israel will occupy more Arab land in, say, 2008, and a few years later, you will demand that it return to the pre-2008 borders, in exchange for recognizing Israel.
This is exactly what's going on now.
We gave negotiations a serious try.
The Jews used to say:
"Meet with us only once for direct negotiations, and we will resolve this issue."
This is what they used to say in the 1950s and 1960s.
They used to say: "Please, Arabs, sit down with us just one time, and our problem will be over."
But you saw what happened.
We met with them a thousand times - from the stables of (camp) David to Annapolis.
We've been through all these negotiations - the stables of (camp) David, the Oslo negotiations of our brother Abu Mazen...
He was, of course, the hero of Oslo - just like Sadat was the hero of the stables of (camp) David.
When Algeria was fighting, donations and volunteers were coming in broad daylight - from the Atlantic Ocean to the Persian Gulf.
From here, from Syria, Dr. IIbrahim Makhous came with a group of volunteers, and fought alongside the Algerian Liberation Front.
They were not considered terrorists, and no measures were taken against Syria.
”
”
Muammar Gaddafi
“
Trade may seem a very pragmatic activity, one that needs no fictive basis. Yet the fact is that no animal other than Sapiens engages in trade, and all the Sapiens trade networks about which we have detailed evidence were based on fictions. Trade cannot exist without trust, and it is very difficult to trust strangers. The global trade network of today is based on our trust in such fictional entities as the dollar, the Federal Reserve Bank, and the totemic trademarks of corporations. When two strangers in a tribal society want to trade, they will often establish trust by appealing to a common god, mythical ancestor or totem animal.
”
”
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
“
Boston University’s CTE Center has established a “brain bank,” where former athletes with symptoms consistent with CTE can donate their brains upon death. Now with 425 brains, the center published a study in 2017 of former professional and amateur football players. Among 111 NFL players, the brains of all but one of them showed signs of severe CTE. That’s sobering and frightening, but it’s extremely important to keep in mind that this study involved former players who already showed personality and mental changes consistent with brain injury. It was not a random sample of NFL players, most of whom never show such changes despite having experienced concussions.
”
”
Rahul Jandial (Life Lessons From A Brain Surgeon: Practical Strategies for Peak Health and Performance)
“
Israeli authorities also maintain primary control over water resources in the West Bank and allocate water in a discriminatory fashion to Palestinians. [...] Military orders established in the first 18 months of the occupation in 1967 and 1968 granted the army full authority over water-related issues in the West Bank, declared water resources state property, and barred Palestinians from establishing or using water installations without a permit. In 1982, Israeli authorities transferred ownership of water resources and supply from the Civil Administration to the national Israeli water company, Mekorot, while continuing to vest the Civil Administration with regulatory control.
”
”
Human Rights Watch (A Threshold Crossed: Israeli Authorities and the Crimes of Apartheid and Persecution)
“
Most of the original Jewish freedom fighters who fought to establish Israel against all worldly forces, are now dead. Israel’s David Ben-Gurions and Moshe Dayans are gone. The next generation of Israeli leadership were tough, disciplined and resolute in preserving control over the land that God placed in their hands. Those leaders are now no longer in power. Recently, Israel was led by Prime Minister Ehud Olmert, who was, to put it charitably, no David Ben Gurion. He made it clear that he would deal away the land that the Lord granted to Israel, even saying in his final days in office that to attain peace with the Palestinians, Israel would have to withdraw “from nearly all of the West Bank as well as East Jerusalem.
”
”
John Price (The End of America: The Role of Islam in the End Times and Biblical Warnings to Flee America)
“
It was not always the case, of course, that navies paid for themselves. In wartime, costs often exceeded revenues, and those deficits grew over time as fleets and armies got bigger. But this was hardly an insurmountable obstacle for the most dynamic economies in the world. The United Provinces and England were able to borrow all they needed to underwrite their defense budgets. The pressures of war gave a powerful impetus to the growth of stocks, bonds, loans, and paper currencies during the late seventeenth and early eighteenth centuries and helped to turn Amsterdam and then London into international financial centers. To take one example, the Bank of England was established in 1694 to raise funds to allow England to wage war against France.
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Max Boot (War Made New: Technology, Warfare, and the Course of History, 1500 to Today)
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You may be thinking, Why don’t you call a bank? Don’t they loan money to businesses all the time? Yes, they do. But not after they’ve heard a story like mine, in which a long-established but barely profitable company enters a downward spiral. Banks want one thing: their money back, with interest. They only want to do business with a company that has a good plan to pay them back, and plenty of collateral available if that plan doesn’t work out. They aren’t interested in propping up a company that’s in trouble. And clearly I’m in trouble. Everything is wrong here—the fact that I’ve survived for many years without building up a healthy cash reserve indicates bad management, and our disappearing sales indicate incompetent marketing. Showing up, hat in hand, at a bank, when I may be out of business in a few weeks, would show a serious lack of judgment on my part.
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Paul Downs (Boss Life: Surviving My Own Small Business)
“
The plight of Jews in German-occupied Europe, which many people thought was at the heart of the war against the Axis, was not a chief concern of Roosevelt. Henry Feingold's research (The Politics of Rescue) shows that, while the Jews were being put in camps and the process of annihilation was beginning that would end in the horrifying extermination of 6 million Jews and millions of non-Jews, Roosevelt failed to take steps that might have saved thousands of lives. He did not see it as a high priority; he left it to the State Department, and in the State Department anti-Semitism and a cold bureaucracy became obstacles to action.
Was the war being fought to establish that Hitler was wrong in his ideas of white Nordic supremacy over "inferior" races? The United States' armed forces were segregated by race. When troops were jammed onto the Queen Mary in early 1945 to go to combat duty in the European theater, the blacks were stowed down in the depths of the ship near the engine room, as far as possible from the fresh air of the deck, in a bizarre reminder of the slave voyages of old.
The Red Cross, with government approval, separated the blood donations of black and white. It was, ironically, a black physician named Charles Drew who developed the blood bank system. He was put in charge of the wartime donations, and then fired when he tried to end blood segregation. Despite the urgent need for wartime labor, blacks were still being discriminated against for jobs. A spokesman for a West Coast aviation plant said: "The Negro will be considered only as janitors and in other similar capacities.... Regardless of their training as aircraft workers, we will not employ them." Roosevelt never did anything to enforce the orders of the Fair Employment Practices Commission he had set up.
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Howard Zinn (A People's History Of The United States Sm)
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But increasing the amount of equity finance in an economy is easier said than done: it is a project that would take decades rather than years. Some of the barriers are institutional: outside of the very small world of venture capital (of which more later) and the even smaller and newer field of equity crowdfunding, most businesses do not raise equity, and most financial institutions do not provide it. There are established agencies that can rate the creditworthiness of even quite small businesses, and algorithms to allow banks to quickly and cheaply decide whether to lend to them. Nothing similar exists for equity investment, and the equivalent analytical task (working out a company's likely future value, rather than its likelihood of servicing a fixed debt) is more complex. And cultural factors stand in the ways too: despite a very elegant financial economics theorem that shows that business owners should be indifferent between equity and debt finance, for many small business owners there seems a cognitive and cultural bias against giving away equity.
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Jonathan Haskel (Capitalism without Capital: The Rise of the Intangible Economy)
“
This neo-liberal establishment would have us believe that, during its miracle years between the 1960s and the 1980s, Korea pursued a neo-liberal economic development strategy. The reality, however, was very different indeed. What Korea actually did during these decades was to nurture certain new industries, selected by the government in consultation with the private sector, through tariff protection, subsidies and other forms of government support (e.g., overseas marketing information services provided by the state export agency) until they 'grew up' enough to withstand international competition. The government owned all the banks, so it could direct the life blood of business-credit. Some big projects were undertaken directly by state-owned enterprises-the steel maker, POSCO, being the best example-although the country had a pragmatic, rather than ideological, attitude to the issue of state ownership. If private enterprises worked well, that was fine; if they did not invest in important areas, the government had no qualms about setting up state-owned enterprises (SOEs); and if some private enterprises were mismanaged, the government often took them over, restructured them, and usually (but not always) sold them off again.
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Ha-Joon Chang (Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism)
“
The imperialist found it useful to incorporate the credible and seemingly unimpeachable wisdom of science to create a racial classification to be used in the appropriation and organization of lesser cultures. The works of Carolus Linnaeus, Georges Buffon, and Georges Cuvier, organized races in terms of a civilized us and a paradigmatic other. The other was uncivilized, barbaric, and wholly lower than the advanced races of Europe. This paradigm of imaginatively constructing a world predicated upon race was grounded in science, and expressed as philosophical axioms by John Locke and David Hume, offered compelling justification that Europe always ought to rule non-Europeans. This doctrine of cultural superiority had a direct bearing on Zionist practice and vision in Palestine.
A civilized man, it was believed, could cultivate the land because it meant something to him; on it, accordingly, he produced useful arts and crafts, he created, he accomplished, he built. For uncivilized people, land was either farmed badly or it was left to rot. This was
imperialism as theory and colonialism was the practice of changing the uselessly unoccupied territories of the world into useful new versions of Europe. It was this epistemic framework that shaped and informed Zionist attitudes towards the Arab Palestinian natives. This is the intellectual background that Zionism emerged from. Zionism saw Palestine through the same prism as the European did, as an empty territory paradoxically filled with ignoble or, better yet, dispensable natives. It allied itself, as Chaim Weizmann said, with the imperial powers in carrying out its plans for establishing a Jewish state in Palestine.
The so-called natives did not take well to the idea of Jewish colonizers in Palestine. As the Zionist historians, Yehoshua Porath and Neville Mandel, have empirically shown, the ideas of Jewish colonizers in Palestine, this was well before World War I, were always met with resistance, not because the natives thought Jews were evil, but because most natives do not take kindly to having their territory settled by foreigners. Zionism not only accepted the unflattering and generic concepts of European culture, it also banked on the fact that Palestine was actually populated not by an advanced civilization, but by a backward people, over which it ought to be dominated. Zionism, therefore, developed with a unique consciousness of itself, but with little or nothing left over for the unfortunate natives. In fact, I would go so far as to say that if Palestine had been occupied by one of the well-established industrialized nations that ruled the world, then the problem of displacing German, French, or English inhabitants and introducing a new,
nationally coherent element into the middle of their homeland would have been in the forefront of the consciousness of even the most ignorant and destitute Zionists.
In short, all the constitutive energies of Zionism were premised on the excluded presence, that is, the functional absence of native people in Palestine; institutions were built deliberately shutting out the natives, laws were drafted when Israel came into being that made sure the natives would remain in their non-place, Jews in theirs, and so on. It is no wonder that today the one issue that electrifies Israel as a society is the problem of the Palestinians, whose negation is the consistent thread running through Zionism. And it is this perhaps unfortunate aspect of Zionism that ties it ineluctably to imperialism- at least so far as the Palestinian is concerned. In conclusion, I cannot affirm that Zionism is colonialism, but I can tell you the process by which Zionism flourished; the dialectic under which it became a reality was heavily influenced by the imperialist mindset of Europe. Thank you.
-Fictional debate between Edward Said and Abba Eban.
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R.F. Georgy (Absolution: A Palestinian Israeli Love Story)
“
According to socialism, instead of spending years talking about my mother, my emotions and my complexes, I should ask myself: who owns the means of production in my country? What are its main exports and imports? What’s the connection between the ruling politicians and international banking? Only by understanding the surrounding socio-economic system and taking into account the experiences of all other people could I truly understand what I feel, and only by common action can we change the system. Yet what person can take into account the experiences of all human beings, and weigh them one against the other in a fair way?
That’s why socialists discourage self-exploration, and advocate the establishment of strong collective institutions – such as socialist parties and trade unions – that aim to decipher the world for us. Whereas in liberal politics the voter knows best, and in liberal economics the customer is always right, in socialist politics the party knows best, and in socialist economics the trade union is always right. Authority and meaning still come from human experience – both the party and the trade union are composed of people and work to alleviate human misery – yet individuals must listen to the party and the trade union rather than to their personal feelings.
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Yuval Noah Harari (Homo Deus: A History of Tomorrow)
“
to look around. At first sight, the apartment was perfectly ordinary. He made a quick circuit of the living room, kitchenette, bathroom, and bedroom. The place was tidy enough, but with a few items strewn here and there, the sort of things that might be left lying around by a busy person—a magazine, a half-finished crossword puzzle, a book left open on a night table. Abby had the usual appliances—an old stove and a humming refrigerator, a microwave oven with an unpronounceable brand name, a thirteen-inch TV on a cheap stand, a boom box near a modest collection of CDs. There were clothes in her bedroom closet and silverware, plates, and pots and pans in her kitchen cabinets. He began to wonder if he’d been unduly suspicious. Maybe Abby Hollister was who she said she was, after all. And he’d taken a considerable risk coming here. If he was caught inside her apartment, all his plans for the evening would be scotched. He would end up in a holding cell facing charges that would send him back to prison for parole violation. All because he’d gotten a bug up his ass about some woman he hardly knew, a stranger who didn’t mean anything. He decided he’d better get the hell out. He was retracing his steps through the living room when he glanced at the magazine tossed on the sofa. Something about it seemed wrong. He moved closer and took a better look. It was People, and the cover showed two celebrities whose recent marriage had already ended in divorce. But on the cover the stars were smiling over a caption that read, Love At Last. He picked up the magazine and studied it in the trickle of light through the filmy curtains. The date was September of last year. He put it down and looked at the end tables flanking the sofa. For the first time he noticed a patina of dust on their surfaces. The apartment hadn’t been cleaned in some time. He went into the kitchen and looked in the refrigerator. It seemed well stocked, but when he opened the carton of milk and sniffed, he discovered water inside—which was just as well, since the milk’s expiration period had ended around the time that the People cover story had been new. Water in the milk carton. Out-of-date magazine on the sofa. Dust everywhere, even coating the kitchen counters. Abby didn’t live here. Nobody did. This apartment was a sham, a shell. It was a dummy address, like the dummy corporations his partner had set up when establishing the overseas bank accounts. It could pass inspection if somebody came to visit, assuming the visitor didn’t look too closely, but it wasn’t meant to be used. Now that he thought about it, the apartment was remarkable for what
”
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Michael Prescott (Dangerous Games (Abby Sinclair and Tess McCallum, #3))
“
While amassing one of the most lucrative fortunes in the world, the Kochs had also created an ideological assembly line justifying it. Now they had added a powerful political machine to protect it. They had hired top-level operatives, financed their own voter data bank, commissioned state-of-the-art polling, and created a fund-raising operation that enlisted hundreds of other wealthy Americans to help pay for it. They had also forged a coalition of some seventeen allied conservative groups with niche constituencies who would mask their centralized source of funding and carry their message. To mobilize Latino voters, they formed a group called the Libre Initiative. To reach conservative women, they funded Concerned Women for America. For millennials, they formed Generation Opportunity. To cover up fingerprints on television attack ads, they hid behind the American Future Fund and other front groups. Their network’s money also flowed to gun groups, retirees, veterans, antilabor groups, antitax groups, evangelical Christian groups, and even $4.5 million for something called the Center for Shared Services, which coordinated administrative tasks such as office space rentals and paperwork for the others. Americans for Prosperity, meanwhile, organized chapters all across the country. The Kochs had established what was in effect their own private political party.
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Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
“
The nudge movement spawned by Thaler and Sunstein has been spectacularly successful around the globe. A 2017 review in the Economist described how policy makers were beginning to embrace insights from behavioral science: In 2009 Barack Obama appointed Mr Sunstein as head of the White House’s Office of Information and Regulatory Affairs. The following year Mr Thaler advised Britain’s government when it established BIT, which quickly became known as the “nudge unit”. If BIT did not save the government at least ten times its running cost (£500,000 a year), it was to be shut down after two years. Not only did BIT stay open, saving about 20 times its running cost, but it marked the start of a global trend. Now many governments are turning to nudges to save money and do better. In 2014 the White House opened the Social and Behavioural Sciences Team. A report that year by Mark Whitehead of Aberystwyth University counted 51 countries in which “centrally directed policy initiatives” were influenced by behavioural sciences. Nonprofit organisations such as Ideas42, set up in 2008 at Harvard University, help run dozens of nudge-style trials and programmes around the world. In 2015 the World Bank set up a group that is now applying behavioural sciences in 52 poor countries. The UN is turning to nudging to help hit the “sustainable development goals”, a list of targets it has set for 2030.32
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Robert H. Frank (Under the Influence: Putting Peer Pressure to Work)
“
Neoliberal economics, the logic of which is tending today to win out throughout the world thanks to international bodies like the World Bank or the International Monetary Fund and the governments to whom they, directly or indirectly, dictate their principles of ‘governance’,10 owes a certain number of its allegedly universal characteristics to the fact that it is immersed or embedded in a particular society, that is to say, rooted in a system of beliefs and values, an ethos and a moral view of the world, in short, an economic common sense, linked, as such, to the social and cognitive structures of a particular social order. It is from this particular economy that neoclassical economic theory borrows its fundamental assumptions, which it formalizes and rationalizes, thereby establishing them as the foundations of a universal model. That model rests on two postulates (which their advocates regard as proven propositions): the economy is a separate domain governed by natural and universal laws with which governments must not interfere by inappropriate intervention; the market is the optimum means for organizing production and trade efficiently and equitably in democratic societies. It is the universalization of a particular case, that of the United States of America, characterized fundamentally by the weakness of the state which, though already reduced to a bare minimum, has been further weakened by the ultra-liberal conservative revolution, giving rise as a consequence to various typical characteristics: a policy oriented towards withdrawal or abstention by the state in economic matters; the shifting into the private sector (or the contracting out) of ‘public services’ and the conversion of public goods such as health, housing, safety, education and culture – books, films, television and radio – into commercial goods and the users of those services into clients; a renunciation (linked to the reduction in the capacity to intervene in the economy) of the power to equalize opportunities and reduce inequality (which is tending to increase excessively) in the name of the old liberal ‘self-help’ tradition (a legacy of the Calvinist belief that God helps those who help themselves) and of the conservative glorification of individual responsibility (which leads, for example, to ascribing responsibility for unemployment or economic failure primarily to individuals, not to the social order, and encourages the delegation of functions of social assistance to lower levels of authority, such as the region or city); the withering away of the Hegelian–Durkheimian view of the state as a collective authority with a responsibility to act as the collective will and consciousness, and a duty to make decisions in keeping with the general interest and contribute to promoting greater solidarity. Moreover,
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Pierre Bourdieu (The Social Structures of the Economy)
“
for nearly a decade, the World Bank has been reiterating its finding that “crime and violence have emerged in recent years as major obstacles to the realization of development objectives.”8 The Bank has stated flatly, “In many developing countries, high levels of crime and violence not only undermine people’s safety on an everyday level, they also undermine broader development efforts to improve governance and reduce poverty.”9 Multiple studies by the United Nations Office on Drugs and Crime (UNODC) have concluded that restraining violence is a precondition to poverty alleviation and economic development, plainly stating that “a foundational level of order must be established before development objectives can be realized.”10 Leaders of the United Kingdom’s Department for International Development (DFID) have concluded, “Poor people want to feel safe and secure just as much as they need food to eat, clean water to drink and a job to give them an income. Without security there cannot be development.”11 When it comes to violence, researchers are increasingly concerned that development experts are missing Amartya Sen’s insight that “development [is] a process of expanding the real freedoms people enjoy,” and are failing to appreciate the idea “that freedom from crime and violence are key components of development. Freedom from fear is as important as freedom from want. It is impossible to truly enjoy one of these rights without the other.”12
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Gary A. Haugen (The Locust Effect: Why the End of Poverty Requires the End of Violence)
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Almost immediately after jazz musicians arrived in Paris, they began to gather in two of the city’s most important creative neighborhoods: Montmartre and Montparnasse, respectively the Right and Left Bank haunts of artists, intellectuals, poets, and musicians since the late nineteenth century. Performing in these high-profile and popular entertainment districts could give an advantage to jazz musicians because Parisians and tourists already knew to go there when they wanted to spend a night out on the town. As hubs of artistic imagination and experimentation, Montmartre and Montparnasse therefore attracted the kinds of audiences that might appreciate the new and thrilling sounds of jazz. For many listeners, these locations leant the music something of their own exciting aura, and the early success of jazz in Paris probably had at least as much to do with musicians playing there as did other factors.
In spite of their similarities, however, by the 1920s these neighborhoods were on two very different paths, each representing competing visions of what France could become after the war. And the reactions to jazz in each place became important markers of the difference between the two areas and visions. Montmartre was legendary as the late-nineteenth-century capital of “bohemian Paris,” where French artists had gathered and cabaret songs had filled the air. In its heyday, Montmartre was one of the centers of popular entertainment, and its artists prided themselves on flying in the face of respectable middle-class values. But by the 1920s, Montmartre represented an established artistic tradition, not the challenge to bourgeois life that it had been at the fin de siècle. Entertainment culture was rapidly changing both in substance and style in the postwar era, and a desire for new sounds, including foreign music and exotic art, was quickly replacing the love for the cabarets’ French chansons. Jazz was not entirely to blame for such changes, of course. Commercial pressures, especially the rapidly growing tourist trade, eroded the popularity of old Montmartre cabarets, which were not always able to compete with the newer music halls and dance halls. Yet jazz bore much of the criticism from those who saw the changes in Montmartre as the death of French popular entertainment. Montparnasse, on the other hand, was the face of a modern Paris. It was the international crossroads where an ever changing mixture of people celebrated, rather than lamented, cosmopolitanism and exoticism in all its forms, especially in jazz bands. These different attitudes within the entertainment districts and their institutions reflected the impact of the broader trends at work in Paris—the influx of foreign populations, for example, or the advent of cars and electricity on city streets as indicators of modern technology—and the possible consequences for French culture. Jazz was at the confluence of these trends, and it became a convenient symbol for the struggle they represented.
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Jeffrey H. Jackson (Making Jazz French: Music and Modern Life in Interwar Paris (American Encounters/Global Interactions))
“
The Rockefeller Foundation was established in 1913 to maintain the control of the family’s oil empire. Today this foundation is the most important shareholder of Exxon with 4.3 million shares. Additionally, the foundation has two million shares in Standard Oil of California and 300.000 shares in Mobil Oil. Other smaller foundations belonging to the Rockefellers have three million shares in Exxon, and 400.000 shares in Standard Oil of Ohio. The total asset of this group of Rockefeller companies, amount to more than fifty billion dollars.[20] For a researcher who concentrates on the Rockefeller family, it won’t be difficult to prove that this immensely rich family has played an important role in the American politics of the twentieth century. The drift and decisions of American politics lead directly back to the Rockefeller family. The Rockefellers immigrated to America from Spain. The best-known member of this family was the influential industrialist, banker John Davidson Rockefeller. He asserted himself as the richest man of his time. Before going into oil transport, he was a wholesaler of narcotic drugs.[21] With an unbridled energy, he set up the Standard Oil Trust, which now possesses ninety percent of the oil refineries in the United States.[22] John Davidson Rockefeller also bought the Pocantico Hills territory in New York, which is the domicile of over a 100 families with the name Rockefeller. David Rockefeller, an absolute genius in the field of finances, has been managing Chase Manhattan Bank, the most important bank in the world, since 1945. The power of this bank is great enough to bring about or destroy governments, to start or end wars, and ruin companies or let them flourish worldwide, ultimately exerting great influence on the entire human race.
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Robin de Ruiter (Worldwide Evil and Misery - The Legacy of the 13 Satanic Bloodlines)
“
One of the issues that animated the Tea Party in South Carolina and nationally during my campaign for governor was bailouts. The debate started with the Troubled Asset Relief Program (TARP) passed by Congress in 2008 and signed by President Bush. The TARP bailout was a perfect example of government not understanding the value of a dollar. It was a quick fix to get everyone to calm down. But what did it actually do? The banks that received the money didn’t expand lending to businesses. They used the cash to help their own books, and the taxpayers were put on the hook as loan guarantors. No one—not the politicians who encouraged the recklessness, not the quasi-governmental entities like Fannie Mae that got rich off it, and certainly not the Wall Street firms that got bailed out—was ever held accountable. And the American people ended up worse off than they were before. As a small businessperson, I found the message government was sending incredibly offensive. In my version of capitalism, if a company succeeds, you don’t punish it by raising its taxes; and if a company fails, you don’t reward it by having the taxpayers bail it out. TARP opened the floodgates for a wave of unaccountable spending that flowed out of Washington. Soon afterward, President Obama bailed out the auto industry to rescue big labor. His allies in Congress passed the $787 billion stimulus bill, most of them without having read it. And he forced through a trillion-dollar health-care takeover. With each bailout, more and more of us felt we were getting further and further from what America was meant to be: a free and striving people with a limited and accountable government. Instead, Washington was revealing itself to be an inside game, with the rules fixed to benefit the establishment. The rules favor the well connected, while the rest of us in flyover country pay the bills.
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Nikki R. Haley (Can't Is Not an Option: My American Story)
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We began the show by asking: Who did more for the world, Michael Milken or Mother Teresa?
This seems like a no-brainer. Milken is the greedy junk-bond king. One year, his firm paid him $550 million. Then he went to jail for breaking securities laws. Mother Teresa is the nun who spent her lifetime helping the poor and died without a penny. Her good deeds live on even after her death; several thousand sisters now continue the charities she began. At first glance, of course Mother Teresa did more for the world.
But it's not so simple. Milken's selfish pursuit of profit helped a lot of people, too. Think about it: By pioneering a new way for companies to raise money, Milken created millions of jobs. The ignorant media sneered at 'junk bonds', but Milken's innovative use of them meant exciting new ideas flourished.
We now make calls on a national cellular network established by a company called McCaw Cellular, which Milken financed. And our calls are cheaper because Milken's junk bonds financed MCI. CEO Bill McGowan simply couldn't get the money anywhere else. Without Milken, MCI wouldn't have grown from 11 to 50,000 employees. CNN's 24-hour news and Ted Turner's other left-wing ventures were made possible by Milken's 'junk'.
The world's biggest toy company, Mattel, the cosmetics company Revlon, and the supermarket giant Safeway were among many rescued from bankruptcy by Milken's junk bonds. He financed more than 3,000 companies, including what are now Barnes & Noble, AOL Time Warner, Comcast, Mellon Bank, Occidental Petroleum, Jeep Eagle, Calvin Klein, Hasbro, Days Inn, 7-Eleven, and Computer Associates. Millions of people have productive employment today because of Michael Milken. (Millions of jobs is hard to believe, and when 'Greed' aired, I just said he created thousands of jobs; but later I met Milken, and he was annoyed with me because he claimed he'd created millions of jobs. I asked him to document that, to name the companies and the jobs, and he did.)
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”
John Stossel (Give Me a Break: How I Exposed Hucksters, Cheats, and Scam Artists and Became the Scourge of the Liberal Media...)
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Markus Zusak
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Dear KDP Author,
Just ahead of World War II, there was a radical invention that shook the foundations of book publishing. It was the paperback book. This was a time when movie tickets cost 10 or 20 cents, and books cost $2.50. The new paperback cost 25 cents – it was ten times cheaper. Readers loved the paperback and millions of copies were sold in just the first year.
With it being so inexpensive and with so many more people able to afford to buy and read books, you would think the literary establishment of the day would have celebrated the invention of the paperback, yes? Nope. Instead, they dug in and circled the wagons. They believed low cost paperbacks would destroy literary culture and harm the industry (not to mention their own bank accounts). Many bookstores refused to stock them, and the early paperback publishers had to use unconventional methods of distribution – places like newsstands and drugstores. The famous author George Orwell came out publicly and said about the new paperback format, if “publishers had any sense, they would combine against them and suppress them.” Yes, George Orwell was suggesting collusion.
Well… history doesn’t repeat itself, but it does rhyme.
Fast forward to today, and it’s the e-book’s turn to be opposed by the literary establishment. Amazon and Hachette – a big US publisher and part of a $10 billion media conglomerate – are in the middle of a business dispute about e-books. We want lower e-book prices. Hachette does not. Many e-books are being released at $14.99 and even $19.99. That is unjustifiably high for an e-book. With an e-book, there’s no printing, no over-printing, no need to forecast, no returns, no lost sales due to out of stock, no warehousing costs, no transportation costs, and there is no secondary market – e-books cannot be resold as used books. E-books can and should be less expensive.
Perhaps channeling Orwell’s decades old suggestion, Hachette has already been caught illegally colluding with its competitors to raise e-book prices. So far those parties have paid $166 million in penalties and restitution. Colluding with its competitors to raise prices wasn’t only illegal, it was also highly disrespectful to Hachette’s readers.
The fact is many established incumbents in the industry have taken the position that lower e-book prices will “devalue books” and hurt “Arts and Letters.” They’re wrong. Just as paperbacks did not destroy book culture despite being ten times cheaper, neither will e-books. On the contrary, paperbacks ended up rejuvenating the book industry and making it stronger. The same will happen with e-books.
Many inside the echo-chamber of the industry often draw the box too small. They think books only compete against books. But in reality, books compete against mobile games, television, movies, Facebook, blogs, free news sites and more. If we want a healthy reading culture, we have to work hard to be sure books actually are competitive against these other media types, and a big part of that is working hard to make books less expensive.
Moreover, e-books are highly price elastic. This means that when the price goes down, customers buy much more. We've quantified the price elasticity of e-books from repeated measurements across many titles. For every copy an e-book would sell at $14.99, it would sell 1.74 copies if priced at $9.99. So, for example, if customers would buy 100,000 copies of a particular e-book at $14.99, then customers would buy 174,000 copies of that same e-book at $9.99. Total revenue at $14.99 would be $1,499,000. Total revenue at $9.99 is $1,738,000. The important thing to note here is that the lower price is good for all parties involved: the customer is paying 33% less and the author is getting a royalty check 16% larger and being read by an audience that’s 74% larger. The pie is simply bigger.
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Amazon Kdp
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Yet there is a logical flaw at the heart of Establishment thinking. It may abhor the state – but it is completely dependent on the state to flourish. Bailed-out banks; state-funded infrastructure; the state’s protection of property; research and development; a workforce educated at great public expense; the topping up of wages too low to live on; numerous subsidies – all are examples of what could be described as a ‘socialism for the rich’ that marks today’s Establishment.
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Owen Jones (The Establishment: And how they get away with it)
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Over the next few years, the number of African Americans seeking jobs and homes in and near Palo Alto grew, but no developer who depended on federal government loan insurance would sell to them, and no California state-licensed real estate agent would show them houses. But then, in 1954, one resident of a whites-only area in East Palo Alto, across a highway from the Stanford campus, sold his house to a black family.
Almost immediately Floyd Lowe, president of the California Real Estate Association, set up an office in East Palo Alto to panic white families into listing their homes for sale, a practice known as blockbusting. He and other agents warned that a 'Negro invasion' was imminent and that it would result in collapsing property values. Soon, growing numbers of white owners succumbed to the scaremongering and sold at discounted prices to the agents and their speculators. The agents, including Lowe himself, then designed display ads with banner headlines-"Colored Buyers!"-which they ran in San Francisco newspapers. African Americans desperate for housing, purchased the homes at inflated prices. Within a three-month period, one agent alone sold sixty previously white-owned properties to African Americans. The California real estate commissioner refused to take any action, asserting that while regulations prohibited licensed agents from engaging in 'unethical practices,' the exploitation of racial fear was not within the real estate commission's jurisdiction. Although the local real estate board would ordinarily 'blackball' any agent who sold to a nonwhite buyer in the city's white neighborhoods (thereby denying the agent access to the multiple listing service upon which his or her business depended), once wholesale blockbusting began, the board was unconcerned, even supportive.
At the time, the Federal Housing Administration and Veterans Administration not only refused to insure mortgages for African Americans in designated white neighborhoods like Ladera; they also would not insure mortgages for whites in a neighborhood where African Americans were present. So once East Palo Alto was integrated, whites wanting to move into the area could no longer obtain government-insured mortgages. State-regulated insurance companies, like the Equitable Life Insurance Company and the Prudential Life Insurance Company, also declared that their policy was not to issue mortgages to whites in integrated neighborhoods. State insurance regulators had no objection to this stance. The Bank of America and other leading California banks had similar policies, also with the consent of federal banking regulators.
Within six years the population of East Palo Alto was 82 percent black. Conditions deteriorated as African Americans who had been excluded from other neighborhoods doubled up in single-family homes. Their East Palo Alto houses had been priced so much higher than similar properties for whites that the owners had difficulty making payments without additional rental income. Federal and state hosing policy had created a slum in East Palo Alto.
With the increased density of the area, the school district could no longer accommodate all Palo Alto students, so in 1958 it proposed to create a second high school to accommodate teh expanding student population. The district decided to construct the new school in the heart of what had become the East Palo Alto ghetto, so black students in Palo Alto's existing integrated building would have to withdraw, creating a segregated African American school in the eastern section and a white one to the west. the board ignored pleas of African American and liberal white activists that it draw an east-west school boundary to establish two integrated secondary schools.
In ways like these, federal, state, and local governments purposely created segregation in every metropolitan area of the nation.
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Richard Rothstein (The Color of Law: A Forgotten History of How Our Government Segregated America)
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From August to October 2008, an unprecedented series of changes occurred: Bitcoin.org was registered, Lehman Brothers filed for the largest bankruptcy in American history, Bank of America bought Merrill Lynch for $50 billion, the U.S. government established the $700 billion Troubled Asset Relief Program (TARP), and Satoshi Nakamoto published a paper that founded Bitcoin and the basis of blockchain technology.
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Chris Burniske (Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond)
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The Bank of International Settlements was originally established in May 1930 by bankers and diplomats of Europe and the United States to collect and disburse Germany's World War I reparation payments.
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J. Micha-el Thomas Hays (Rise of the New World Order: The Culling of Man)
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Established Sino-Burmese businessmen continue to remain at the helm of Myanmar's economy, where the Chinese minority have been transformed almost overnight into a garishly distinctive prosperous business community. Much of the foreign investment capital into the Burmese economy has been from Mainland Chinese investors and channeled through Burmese Chinese business networks for new startup businesses or foreign acquisitions. Many members of the Burmese Chinese business community act as agents for Mainland and overseas Chinese investors outside of Myanmar. In 1988, the State Law and Order Restoration Council (SLORC) came to power, and gradually loosened the government's role in the economy, encouraging private sector growth and foreign investment. This liberalization of state's role in the economy, if slight and uneven, nonetheless gave Burmese Chinese-led businesses extra space to expand and reassert their economic clout. Today, virtually all of Myanmar's retail, wholesale and shipping firms are in Chinese hands. For example, Sein Gayha, a major Burmese retailer that began in Yangon's Chinatown in 1985, is owned by a Burmese Hakka family. Moreover, ethnic Chinese control the nations four of the five largest commercial banks, Myanmar Universal Bank, Yoma Bank, Myanmar Mayflower Bank, and the Asia Wealth Bank. Today, Myanmar's ethnic Chinese community are now at the forefront of opening up the country's economy, especially towards Mainland China as an international overseas Chinese economic outpost. The Chinese government has been very proactive in engaging with the overseas Chinese diaspora and using China's soft power to help the Burmese Chinese community stay close to their roots in order to foster business ties.[9] Much of the foreign investment from Mainland China now entering Myanmar is being channeled through overseas Chinese bamboo networks. Many members of the Burmese Chinese business community often act as agents for expatriate and overseas Chinese investors outside of Myanmar.
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Wikipedia: Chinese people in Myanmar
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New version: A republican Government was established under George Lavoff, a member of the Royal Family. It failed to secure popular support and proved incapable of ending the war or of effecting social and economic reforms. At this time, Lenin arrived in Russia and this gave impetus to the Russian people. A new Government with Lenin as President was evolved. First, Lenin made the Treaty of Brest-Litovsk with Germany. Then land and other capital goods were nationalised. All agricultural land was taken away from the landlords and divided among the peasants. All factories became the property of the State. The privileges of the clergy and the nobility were abolished. Mines, railways and banks were taken over by the Government. And thus to the astonishment of all, a new world, based upon Socialism, took shape in Russia and the dreams of Karl Marx were realized in this way. Old version: Lenin established a Workers’ Government. But the first election showed that the Bolsheviks had no majority. However, to maintain themselves in power, they dissolved the Duma on the ground that it was reactionary. Local Soviets who did not support the Bolsheviks were also disbanded. Private schools were forbidden and education was taken over by the State. Voting right was denied to the nobility and the clergy. Communism encourages violence, and does not believe in an omnipotent God. The Communists forget that man has a soul. It is a one-party Government that prevails in Communist Russia. There is neither freedom of opinion nor of religion. Many other defects in the System may also strike the eye of an observant critic.
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Ramachandra Guha (India After Gandhi: The History of the World's Largest Democracy)
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AT&T, U.S. Steel, and International Harvester were now becoming established companies on a national and even a global scale, outgrowing the need for banker protection.
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Ron Chernow (The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance)
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With the first banks opened on Monday, the afternoon brought another request from Roosevelt. Stating that he needed the tax revenue, he asked Congress that beer with alcohol content of up to 3.2 percent be made legal; the Eighteenth Amendment did not specify the percentage that constituted an intoxicating beverage. Congress complied. The House passed the bill the very next day with a vote count of 316–97, pushing it to the Senate. Wednesday brought good cheer: The stock market opened for the first time in Roosevelt’s presidency. In a single-day record, the Dow Jones Industrial Average gained over 15 percent—a gain in total market value of $3 billion. By Thursday, for increased fiscal prudence, the Senate had added an exemption for wine to go with beer, but negotiated the alcohol content down to 3.05 percent. Throughout the week, banks were receiving net deposits rather than facing panicked withdrawals. Over the following weeks, the administration developed a sweeping farm package designed to “increase purchasing power of our farmers” and “relieve the pressure of farm mortgages.” To guarantee the safety of bank deposits, the Federal Deposit Insurance Corporation was created. To regulate the entire American stock and bond markets, the Exchange Act of 1933 required companies to report their financial condition accurately to the buying public, establishing the Securities and Exchange Commission. Safety nets such as Social Security for retirement and home loan guarantees for individuals would be added to the government’s portfolio of responsibilities within a couple of years. It was the largest peacetime escalation of government in American history.
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Bhu Srinivasan (Americana: A 400-Year History of American Capitalism)
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he established a beachhead on Bogue Banks, enabling the Union army to invest
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Peter Kurtz (Bluejackets in the Blubber Room: A Biography of the William Badger, 1828-1865)
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on July 25, 2000…Barak had offered Arafat about 90 percent of the West Bank, the entire Gaza Strip, and East Jerusalem as the capital of a new Palestinian state. In addition, a new international fund would be established to compensate Palestinians for the property that had been taken from them. This “land for peace” offer represented a historic opportunity for the long-suffering Palestinian people, something few Palestinians would have dared imagine possible. But even so, it was not enough for Arafat. Yasser Arafat had grown extraordinarily wealthy as the international symbol of victimhood. He wasn’t about to surrender that status and take on the responsibility of actually building a functioning society.
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Mosab Hassan Yousef (Son of Hamas: A Gripping Account of Terror, Betrayal, Political Intrigue, and Unthinkable Choices)
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Sandel argues that one cannot determine what is fair without also evaluating the moral status of competing claims. And that in turn requires us to resolve the moral purpose of social institutions. We cannot decide whether gay marriage is right or just, for example, without first deciding what the point of marriage is. We cannot determine whether a particular university’s admission criteria are fair or unfair until we have first determined what the purpose of a university is. And we cannot decide if the way bankers are compensated is appropriate without first establishing what it is that banking should accomplish for society. In this respect, Sandel’s view harks back to the ancient philosophy of Aristotle,
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Duncan J. Watts (Everything is Obvious: Once You Know the Answer)
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To conclude this section, let us mention briefly three supplementary concepts or practices for the defensive investor. The first is the purchase of the shares of well-established investment funds as an alternative to creating his own common-stock portfolio. He might also utilize one of the “common trust funds,” or “commingled funds,” operated by trust companies and banks in many states; or, if his funds are substantial, use the services of a recognized investment-counsel firm. This will give him professional administration of his investment program along standard lines. The third is the device of “dollar-cost averaging,” which means simply that the practitioner invests in common stocks the same number of dollars each month or each quarter. In this way he buys more shares when the market is low than when it is high, and he is likely to end up with a satisfactory overall price for all his holdings. Strictly speaking, this method is an application of a broader approach known as “formula investing.” The latter was already alluded to in our suggestion that the investor may vary his holdings of common stocks between the 25% minimum and the 75% maximum, in inverse relationship to the action of the market. These ideas have merit for the defensive investor, and they will be discussed more amply in later chapters.
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Benjamin Graham (The Intelligent Investor)
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The inherent bias of Silicon Valley firms extends far beyond social media. Google Maps, Apple Maps, and Waze are all ubiquitous mapping application services, and yet they only contain a minimal amount of data about the Palestinian landscape. While Israeli settlements are mostly recognized and noted on the maps, hundreds of Palestinian villages simply do not exist on them. When asked about this gap, the companies claim that this is an issue of United Nations rules because Palestine is only a “non-member observer state” and therefore they can’t take a position on the correct way to tackle the issue. It’s an absurd argument because settlements in the West Bank on the app maps aren’t labeled as “disputed,” but simply shown as established facts.
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Antony Loewenstein (The Palestine Laboratory: How Israel Exports the Technology of Occupation Around the World)
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sincerely believe, with you, that banking establishments are more dangerous than standing armies.… —THOMAS JEFFERSON,
letter to a friend, 1816
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Hedrick Smith (Who Stole the American Dream?)
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What does a merchant do when a potential customer walks into a store and wants to purchase a ton of goods on credit? A solution was offered by the “The Society of Guardians for the Protection of Trade against Swindlers and Sharpers,” established in 1776. This society pooled data from 550 merchants to collect information on the reputation of customers. This would make it much harder for a bad customer to defraud multiple merchants. Its key principle: “Every member is bound to communicate to the Society without delay, the Name and Description of any Person who may be unfit to trust.” In other words, this was the beginning of credit scores as a means to assess the trustworthiness of a customer for loans—no swindlers or sharpers allowed. This Society of Guardians was not the only credit bureau—thousands of similar small organizations were formed over the years, collecting individual names and publishing books with various comments and gossip. Modern giants Experian and Equifax grew from these small, local bureaus. Experian started as the Manchester Guardian Society in the early 1800s, eventually acquiring other bureaus to become one of the world’s largest. And Equifax grew from a Tennessee grocery store in the late 1800s, where the owners started compiling their own lists of creditworthy consumers. These bureaus tended to combine into larger bureaus over time because of what’s often described as a “data network effect.” When a bureau works with more merchants, it means more data, which means the risk predictions on loans will be more accurate. This makes it more attractive for additional merchants to join, who contribute even more data, and so on. Being able to accurately assess lending risk allows the rest of the network to function—consumers can borrow to get the goods they want, merchants can sell their products profitably, and banks can help underwrite the loans. This network is held together by credit bureaus like Equifax and Experian, who centralize consumer data.
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Andrew Chen (The Cold Start Problem: How to Start and Scale Network Effects)
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But, though the Doctor tried hard, and never ceased trying, to get Charles Darnay set at liberty, or at least to get him brought to trial, the public current of the time set too strong and fast for him. The new era began; the king was tried, doomed, and beheaded; the Republic of Liberty, Equality, Fraternity, or Death, declared for victory or death against the world in arms; the black flag waved night and day from the great towers of Notre Dame; three hundred thousand men, summoned to rise against the tyrants of the earth, rose from all the varying soils of France, as if the dragon’s teeth had been sown broadcast, and had yielded fruit equally on hill and plain, on rock, in gravel, and alluvial mud, under the bright sky of the South and under the clouds of the North, in fell and forest, in the vineyards and the olive-grounds and among the cropped grass and the stubble of the corn, along the fruitful banks of the broad rivers, and in the sand of the sea-shore. What private solicitude could rear itself against the deluge of the Year One of Liberty—the deluge rising from below, not falling from above, and with the windows of Heaven shut, not opened! There was no pause, no pity, no peace, no interval of relenting rest, no measurement of time. Though days and nights circled as regularly as when time was young, and the evening and morning were the first day, other count of time there was none. Hold of it was lost in the raging fever of a nation, as it is in the fever of one patient. Now, breaking the unnatural silence of a whole city, the executioner showed the people the head of the king—and now, it seemed almost in the same breath, the head of his fair wife which had had eight weary months of imprisoned widowhood and misery, to turn it grey. And yet, observing the strange law of contradiction which obtains in all such cases, the time was long, while it flamed by so fast. A revolutionary tribunal in the capital, and forty or fifty thousand revolutionary committees all over the land; a law of the Suspected, which struck away all security for liberty or life, and delivered over any good and innocent person to any bad and guilty one; prisons gorged with people who had committed no offence, and could obtain no hearing; these things became the established order and nature of appointed things, and seemed to be ancient usage before they were many weeks old. Above all, one hideous figure grew as familiar as if it had been before the general gaze from the foundations of the world—the figure of the sharp female called La Guillotine.
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Charles Dickens
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Although Brexit was primarily, for him, about sovereignty, he agreed with the common view that there was a strong anti-establishment feeling that grew from 2008 to 2010. ‘I feel really strongly that the roots were forged in the period around the financial crisis and the aftermath. You had the country bailing out the banks at great expense to taxpayers and the injustice that people felt at that but going along with it to stabilize the economy. Then, of course, in the aftermath, you have the years of austerity when the country is paying the price and at the same time you had the MPs’ expenses scandal. So it was the idea of not only the bankers, but also the politicians.
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Sebastian Payne (Broken Heartlands: A Journey Through Labour's Lost England)
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The Palestine laboratory can only thrive if enough nations believe in its underlying premise. It’s unsurprising that repressive regimes want to mimic Israeli repression, using Israeli technology to oppress their own unwanted or restive populations, but the Jewish state craves Western approval to fully realize its diplomatic and military potential. Aside from the US, Germany is arguably the greatest prize of all. Israel helped Germany rehabilitate its shattered image after World War II, while Berlin grants legitimacy to a country that brutally occupies the Palestinians (a nonpeople in the eyes of successive German governments). Germany purchasing increasing amounts of Israeli defense equipment is just one way it can atone for its historical guilt. When Palestinian president Mahmoud Abbas visited Germany in August 2022 and spoke alongside Chancellor Olaf Scholz, he accused Israel of committing “fifty Holocausts” against his people. The German establishment expressed outrage over the comment but the hypocrisy was clear; the Palestinians are under endless occupation but it’s only they who have to apologize. Germany has taken its love affair with Israel to dangerous, even absurd heights. The Deutsche Welle media organization updated its code of conduct in 2022 and insisted that all employees, when speaking on behalf of the organization or even in a personal capacity, must “support the right of Israel to exist” or face punishment, likely dismissal.40 After the Israeli military shot dead Palestinian journalist Shireen Abu Akleh in the West Bank city of Jenin in May 2022, German police banned a peaceful public vigil in Berlin because of what German authorities called an “immediate risk” of violence and anti-Semitic messaging. When protestors ignored this request and took to the streets to both commemorate Abu Akleh and Nakba Day, police arrested 170 people for expressing solidarity with Palestine. A Palestinian in Germany, Majed Abusalama, tweeted that he had been assaulted by the police. “I just left the hospital an hour ago with an arm sling to hold my shoulder after the German racist police almost dislocated my shoulder with their violent actions to us wearing Palestine Kuffiyas,” he wrote. “This is the new wave of anti-Palestinian everything in Berlin. Insane, right?” This followed years of anti-Palestinian incitement by the German political elite, from the German Parliament designating the BDS movement as anti-Semitic in 2019 to pressuring German institutions to refuse any space for pro-Palestinian voices, Jewish or Palestinian.41 The Palestinian intellectual Tariq Baconi gave a powerful speech in Berlin in May 2022 at a conference titled “Hijacking Memory: The Holocaust and the New Right.” He noted that “states like Germany have once again accepted Palestinians as collateral. Their oppression and colonization is a fair price to pay to allow Germany to atone for its past crimes.
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Antony Loewenstein (The Palestine Laboratory: How Israel Exports the Technology of Occupation Around the World)
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The meeting established the International Monetary Fund, set up the World Bank, and laid the foundations for an international trade pact that was finally implemented fifty years later by George Herbert Walker Bush and Bill Clinton as the World Trade Organization.
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Douglas Rushkoff (Life Inc.: How the World Became a Corporation and How to Take It Back)
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Of the one million or so investor-owned residential homes in the State of New York, it has been estimated that in excess of 3% of these investor-owned properties sit vacant or abandoned. Say, between 30,000 and 35,000 homes. Vacant. Abandoned. Non-performing.
In New York, municipalities which can establish land banks include a) cities, b) villages, c) towns, and d) counties.
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Ted Ihde, Thinking About Becoming A Real Estate Developer?
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Land banks in New York? Here is how it works…
The New York municipality first establishes an entity to function as what is known as a “foreclosing governmental unit.” The foreclosing governmental unit operates within guidelines established through local laws, local ordinances and local resolutions. The laws, ordinances and resolutions outline parameters by which the city, village, town or county – i.e.: the “municipality” – is able to establish procedures which enable the municipality to function as the foreclosing governmental entity. I.e.: as the land bank.
Oversight and governance for New York land banks is the responsibility of land bank boards of directors.
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Ted Ihde, Thinking About Becoming A Real Estate Developer?
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Six years after the first savings bank was established in 1810 in England by Henry Duncan, the Philadelphia Saving Fund Society became the first savings bank formed in the United States.
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Ted Ihde, Thinking About Becoming A Real Estate Developer?
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Whereas Philadelphia was home to the first savings bank established in the United States - Philadelphia Saving Fund Society, in the year 1816 - Philadelphia is also the city that became home to the first commercial bank established in the United States.
Thirty-four years before America had its first savings bank - Philadelphia Saving Fund Society, in 1816 - the first commercial bank in the United States was established. This first American commercial bank was also established in the very same city that America’s first savings bank had been created - the city of Philadelphia.
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Ted Ihde, Thinking About Becoming A Real Estate Developer?
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In 2008 an official website commemorating Sharon’s life and achievements was established, in which, rather than hiding his role in Gaza in those days, it proudly lauded it: Sharon participates in these searches himself. He orders the soldiers to perform a full body search on all males and sometimes imposes curfews on refugee camps in order to conduct a search. The clear goal of the mission is finding terrorists and killing them. The soldiers have orders not to try and capture the terrorists alive. Sharon instructs them to be rough with the local population, to perform searches in the streets and even to strip suspects naked if necessary; to shoot to kill any Arab who holds a gun; to shoot to kill any Arab who does not obey a Stop! call; and to diminish the risk to their lives by employing a big volume of fire, by uprooting trees from orchards which makes it difficult to capture terrorists, by demolishing houses and driving out their owners to other houses in order to pave secure roads. Haider Abd al-Shafi, Senior Palestinian leader, says: ‘Sharon took a decision to open roads in Al Shateya camp and in Rafah for security. That led to removing houses, the houses of refugees, which is an action not to be taken lightly, but there was no objection neither from Dayan nor from the Israeli government. They let Sharon realize his aim and he really destroyed a lot of refugees’ houses.’ Eli Landau, political ally and a friend of Ariel Sharon, says: ‘He was a very senior officer going with the troops from house to house, from bunker to bunker, from orange grove to orange grove, to explain what he meant. Three months later, Gaza was quiet. The terror was crushed with an iron fist, with a vicious hand. He cast fear in Gaza, he was feared.’9 The manner and detail of the retaliation were based on British military counter-insurgency methods employed against the Palestinians during the Arab revolt in the 1930s; it seems that the new rulers of the West Bank and the Gaza Strip were highly impressed by this ruthless methodology. In the case of the British this pattern of inhumanity was in place for three years; in the case of the Palestinians it has lasted for more than fifty years.
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Ilan Pappé (The Biggest Prison on Earth: A History of Gaza and the Occupied Territories)
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The Maastricht Treaty, in providing for economic and monetary union (Emu), established the European Central Bank (ECB) to be, like the Bundesbank, completely independent. The ECB and the central banks of the member states are together called the European System of Central Banks (ESCB: see Figure 10
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Simon Usherwood (The European Union: A Very Short Introduction (Very Short Introductions))
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The Japanese invasion of Manchuria in 1931 triggered a renewal of forces in Hawaiʻi. This happened again when the Empire of Japan waged an undeclared war against China in 1937. Signs of impending war with Japan were looming, and all sorts of pressures were building up to an eventual outbreak of conflict. Such pressures would be materially reflected in the lives of Hawaiians as well, including annual blackout drills and exercises for Hawaiian civilians in Honolulu. Civil defense units and outposts began to spring up in rural areas and surrounding military installations. Further, emergency disaster preparations began in 1940, with Honolulu women being tasked with surgical dressing and wound bandage production. There were also first-aid training sessions held by the local Red Cross. Honolulu saw the establishment of a blood bank, and the city’s Schofield Barracks would grow to become one of the largest US Army installations in the world, hosting and fielding over forty thousand troops by 1941. The primary objective of such a large force was to hold and defend Pearl Harbor and, by extension, Hawaiʻi from Japanese raiders and invaders. Incidents like the bombing of the SS President Hoover, the flagship Augusta, and the sinking of the USS Panay were strong indicators that Hawaiʻi was going to be sandwiched between two political and military bulldozers.
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Captivating History (History of Hawaii: A Captivating Guide to Hawaiian History (U.S. States))
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By the early 2020s, more than 440,000 Jewish settlers were living in 132 officially established settlements and a similar number of unauthorized settler outposts dotted throughout the West Bank, which was home to more than 2.7 million Palestinians.
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Isabel Kershner (The Land of Hope and Fear: Israel's Battle for Its Inner Soul)
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Kannada Books Purchase
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The only remnants of communist ideology, where the state sets prices, that persist today are to be found in North Korea and at the Federal Reserve (and other central banks around the world that set the price of money in an economy). Happily, it looks like North Korea might be changing for the better.
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Robert Sharratt (1%. The book that the financial establishment doesn't want you to read.: The first ever behind-the-curtain look at how banks really function, and their impact on society.)
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In the future, banks will have to pay for deposit insurance. Loans to finance asset purchases or for proprietary activities will be required to be capitalised separately; banks will no longer be able to use customer deposits + free government insurance to finance these activities.
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Robert Sharratt (1%. The book that the financial establishment doesn't want you to read.: The first ever behind-the-curtain look at how banks really function, and their impact on society.)
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Of course, even if it doesn’t change the end result or the fact that it contributes to enabling the traditional financial system to decide morality for you (I know, what a joke), at least Stripe should get some credit for being open and honest about the decision process. You won’t find many articles like this on bank websites that say: well, we would have liked to have provided services to this customer, but, you know, the traditional financial system finds education about women’s sexual pleasure repugnant. Meanwhile, check out our financial services to strip mining companies in Africa, here …. Karl Marx and the 1% Karl Marx knew more about the 1% and banking than the vast majority of people.
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Robert Sharratt (1%. The book that the financial establishment doesn't want you to read.: The first ever behind-the-curtain look at how banks really function, and their impact on society.)
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Banking establishments are more dangerous than standing armies; the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. – Thomas Jefferson127
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Andrew John Hoffman (The New World Order and the Eugenics Wars: A Christian Perspective)