(Here's an improved version of an earlier article.)
 
FDR, Jews, and Banks
 
by James Buchanan and Bjorn Nordal
 

In 1913 President Woodrow Wilson surrendered America's monetary system (in the form of the Federal Reserve Bank) to the Jews. Sixteen years later America was plunged into the worst depression in history. If Hoover had possessed any character or backbone he would have removed America's monetary system from Jewish hands, but Republicans are often too cowardly to alter Democrat policies.
 
Hoover's attempts to fix the economy after the 1929 crash were analogous to putting Band-Aids on a gun-shot wound. In 1932 Franklin Delano Roosevelt was elected President. Desperate Americans hoped he would be more competent than Hoover.
 
The banking business has been Jew-infested for years, and bank accounts often disappear if a bank becomes insolvent. The basic concept of banking is that the money belongs to the depositors AND THE BANKER. Banking can be compared to legalized theft.
 
Let's say banks didn't exist, and Uncle Fred let you store your gold bars in his vault. Without your permission, Fred then lent your gold bars out to someone at 8 percent interest. You would be a little upset with Fred. Banks, however, get away with this all the time although they do pay you a tiny percentage interest for the right to gamble with your money.
 
The main reasons for using banks are security, convenience, and fighting inflation. The Jews controlling the Federal Reserve make darn sure that there is always inflation so that people are compelled to keep their money in banks.
 
An improved system of banking would: eliminate the Jews from it, have a rating system on the banks similar to the "A" through "F" ratings for restaurants, and compel the banks to buy insurance against failure instead of the current system, which dumps the burden on us taxpayers.
 
Let's imagine that in 1928 a thousand people each put a $1,000 into Joe Gentile's Bank. That's $1 million. A rule of thumb in the banking industry is that you retain 10 percent in cash for withdrawals. "Joe Gentile" then lends $900,000 to nine hundred people who each borrow $1000 for car down payments.
 
Meanwhile, Izzy Goldnose runs a bank in the same town. Goldnose wants Joe Gentile's customers, so he spreads rumors that Joe Gentile's Bank is insolvent. But Joe Gentile follows the same banking procedures as Goldnose. Goldnose successfully panics Joe Gentile's customers. Gentile's customers rush in and demand their money.
 
Joe Gentile is able to pay off the first hundred people, but he needs an emergency loan from a larger bank in case more people want to withdraw their money. Meanwhile Izzy Goldnose calls the major banks in the state (most of which are owned by his relatives) and tells them that Joe Gentile is a bad banker. When Joe calls the larger banks, none will help him. He declares bankruptcy.
 
Nine hundred people lose their $1,000 deposits. And Joe Gentile is ruined. The hundred people who pulled their money out then deposit their money in Goldnose's bank. Goldnose doesn't care about the 901 people who were "Jewed" by his dishonest tactics. He has managed to get one hundred more customers. Goldnose eventually puts another 10 Gentile banks out of business and earns a place in the "Who's Who" of Jews.

The problem of panic-runs on banks could have been solved either by making banks buy panic insurance or by a central bank whose job it would have been to make emergency loans to bail out the "Joe Gentiles." The central bank would lend Joe whatever his loans were worth. By making conservative loans, Joe could have kept himself solvent.
 
An emergency loan from a central bank would have been an ideal solution since it would have kept Joe in business and would discourage his bank from making risky loans. No one would lose money. And the emergency loan would eventually be repaid, costing taxpayers nothing. Unfortunately, FDR was President when this problem was tackled. And FDR created a "cure" that was worse than the "disease."

The worst solution to the "panic" problem was to eliminate the accountability of bankers. If bankers were allowed to make high-risk loans, taxpayers could be saddled with billions in losses due to failed banks.
 
FDR "solved" the bank scare problem with a typical liberal "smoke and mirrors" solution. He dictated that every bank account in America would be insured up to $40,000 (later increased to $100,000) by the FSLIC, an agency of the Federal Government.
 
While this sounds good (as do many of FDR's schemes), this insurance system is a serious failure in real-world economics. FDR's solution takes away all accountability from the bankers and encourages them to make high risk loans. Liberals don't understand important real world factors like this. A huge number of savings and loans failed in the 1980s due to high-risk loans, and taxpayers got stuck with a huge bill, thanks to FDR.

As another example, let's consider Hymie Goldnose, a grandson of Izzy, who's running a bank in the 1980s. Hymie lends money at 30 percent to the Third World government of Boogastan. Hymie then pays a "generous" 5.5 percent interest to depositors.
 
Tens of thousands of people rush to Hymie's bank and deposit their savings. Hymie realizes that his loans are high risk and opens up a bank in Tel Aviv with a large chunk of the money from his U.S. bank.
 
Suddenly there's a revolution in Boogastan. The previous government has fled with the money that was earmarked to build roads and power plants in Boogastan. (They take their embezzled millions and buy luxury homes in Beverly Hills by the way.) Hymie flees to Israel with FDIC and FSLIC investigators on his heels. Due to the Israeli "Law of Return," however, Hymie (or other criminal Jews who flee to Israel) can't be extradited to the United States to account for money that was stolen.

During the 1980s "Hymie" had real-life counterparts. A large number of savings and loans went bankrupt and taxpayers lost $200 billion. This is why FDR was a fraud and today's liberal politicians continue to be dangerous.