‘Zombie bankers’ to drag Europe into ‘banker hell’
November 15, 2011
It seems bankers are taking over politics in Europe, financial analyst Max Keiser told RT, adding that this trend could lead to global banking domination.
“We cannot get rid of these zombie bankers, we can’t kill them,” said Keiser, host of RT’s Keiser Report. “Iceland thought they had killed off their zombie terrorist bankers, but they have risen again and are now sticking Iceland. They are a plague around the world, and certainly in Europe. There are no elections, but they are putting bankers in charge to bring back total banking domination as the world goes down the slippery slope into banker hell.”
Keiser told RT these former bankers’ main agenda is to create more debt.
“In the eurozone they have an opportunity to bring all the balance sheets of all the countries together and create new lending facilities like EFSF which is a new 5 trillion euro lending facility, and they want to build on that to create 10-20 trillion euro lending facilities, because bankers get paid on how much debt they create. More austerity measures bring about more debt, and that brings more fees for bankers and more financial terrorism,” he explained.
According to Keiser a very small elite continues to benefit from the disastrous situation in the eurozone, which continues these same ploys that it has carried out over the last few years.
“There used to be a thing called moral hazard where if banks took risk, they would be at some point penalized by the system, but now the more risk they take the greater the rewards they get,” he pointed out. “JP Morgan is now going to step in front of the allocated accounts of customers and actually steal money from their accounts. We haven’t seen this level of larceny and theft since the Nazis stole assets from people in Germany in the 30s. This is outrageous, this has not been done in decades. There are no regulations in place at all! Interest rates are zero per cent, so I expect more of the same,” he added.
According to Keiser, this means the financial elite work together with the European Central Bank and keep interest rates near zero per cent, because this allows them to fund their speculative investments at zero cost.
“They don’t want to spend any money to borrow money and put outrageous bets on the table. Every time they lose a bet, then they impose more austerity measures. Every time they win a bet, they keep 100 per cent of the profit,” he claimed.
He also stressed that putting bankers in political positions resembles the behavior of someone who has been a victim of crime.
“People keep saying the bankers know best. But the bankers are the ones who have stolen all the money, so are we going to give them more ability to steal more money and impose more austerity measures? But that is insane,” Keiser concluded.
Paolo Raffone, founder of a Brussels-based non-profit organization, the Chipi network, told RT the eurozone has been pushed too quickly as part of the European project.
“The original idea was to have a monetary union pushing a political union. But as we see the political union has never been built because it was not the will of the people to build it. And the monetary union is shaking,” he explained.
He also added the eurozone will have a new setup in future, even if all the current EU and eurozone members get together again.
“The way the union is functioning will be different, otherwise it may split up,” he added.