Nobody needs "new powers". We need new laws to prevent these orgs from becoming too big to fail in the first place. What happened to isolation of depositor funds and investment funds? Oh yeah, in the US we removed that law (Glass-Steagall) under Clinton.
In his book Antifragile, N. N. Taleb argues that if you work for a Too Big To Fail (G-SIFI) institution, no one working at such an institution is allowed to earn more individually than the highest paid civil servant. Incentivize corporations to stay small so they can earn more money.
And for fuck's sake, can we go back to isolating depositor and pensioner/fixed income money from the money that banks use to gamble in the capital markets? Until we do, our system will continue to crash and Central Banks will continue to steal from the middle class. This N Korea stuff makes me wonder if the puppet-masters have fully realized this and are planning a diversion.
Good stuff. I've not heard of N. N. Taleb.
Yeah I hear Larouche and Co. mention Glass-Steagal a lot. Essentially I understand the idea of it is to strictly define Investment Banks (speculative) from Deposit Banks (store of citizen wealth) ...It makes sense, however, the whole idea of fractional banking (take 100 dollars gold and issue 1000 dollars in promissory notes) seems to be flawed. I know people say "Oh well banks need to operate like that to provide capital for development", but I don't agree. Fractional reserve banking seems like a giant scam. I don't like the idea of debt-as-money, and banks should be "run proof" by keeping sufficient reserves, that just seem to be the honest way. I am interested to hear your thoughts further.
"Dope Inc" [
http://www.amazon.com/Dope-Inc-Drove-Henry-Kissinger/dp/0943235022/ref=sr_1_1?ie=UTF8&qid=1364756653 ] by Larouche which discusses the UK opium war against the world, is one of the best books out there. Drug trade is surely a weapon, and these too big to fail banks are obviously neck deep in the heroin trade.
I think Larouche has some great minds behind him, their YouTubes are really good. Though some of his theories seem a bit strange, like Edward Teller was a hero (?!) and that Andrew Jackson was actually a tool of the London banks? Some of the things Lyndon says, need to be explained more.