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I just can't believe the world today. It's time Patriots banned together and start everything on their own, banks, food processing plants, buying property for farming, we gotta put an end to their power. The only way is to start setting up our own banks, our own farmers and be an investor, because this is...
Will you tell me why a government with power to create money, should give that power away to a private monopoly, and then borrow that which parliament can create itself, back at interest, to the point of national bankruptcy?
Graham Towers (1897-1975). First Governor of the Bank of Canada (1934-1955) when speaking before the Canadian Government's Standing Committee on Banking and Commerce in 1939.
Can I work here, please? I feel like Iβd really like the commute.
Monte-Carlo, Monaco
The present banking system was founded on the idea that the many were created for the few to prey on. Debts are contracted for land, labour, products, and other commodities. When interest rises government bonds depreciate, holders sell to secure ready money to benefit by rise in interest. High rates of interest rapidly increase the indebtedness of the people.
King OβMalley (1854-1953).
King O'Malley (3/4 July 1854 β 20 December 1953) was an Australian politician. He was a member in the South Australian House of Assembly from 1896 to 1899, and the Australian House of Representatives from 1901 to 1917. O'Malley was also Minister for Home Affairs in the second and third Fisher Labor ministry.[1]
O'Malley was a very visible figure in Australian public life during the early years of Federation. He is particularly remembered for his role in the establishment of the Commonwealth Bank, the selection of Canberra as the national capital, and taking the 'U' out of the name of the Australian Labour Party.
The Commonwealth Bank of Australia was established by the Commonwealth Bank Act 1911, introduced by the Andrew Fisher LaborΒ Government, which favoured bank nationalisation, with effect on 22 December 1911.[6][7] In a rare move for the time, the bank was to have both savings and general bank business. The bank was also the first bank in Australia to receive a federal government guarantee. The bank's earliest and most strenuous proponent was the flamboyant American-Australian Labor politician, King O'Malley, and its first Governor was Sir Denison Miller.
O'Malley also agitated for the establishment of the Commonwealth Bank of Australia, a state-owned savings and investment bank although, contrary to his later claims, he was not the bank's sole creator. He later wrote that he had led a "torpedo squad" in Caucus to force a reluctant Cabinet to establish the bank, but historians do not accept this. Prime Minister Fisher was the bank's principal architect. Partly to allay fears of "funny money" aroused by O'Malley's populist rhetoric, Fisher ensured that the bank would be run on firmly "sound money" principles, and the bank as established did not provide the easy credit for farmers that the radicals desired.

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Singapore attracted global private capital with stability and substance-based incentives, then had to tighten controls after a major laundering case. The full story.
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