Page 206 - THE PATH

Money devaluation actually devaluates invested past
work. It follows that banks enter the social life of people

worldwide.

The state economic policy of a country works in

conjunction with the banks. It is inevitable because today’s
economic system is organized that way. Even though

banks can not operate freely, without state control, rules

and laws governing the banking policy provide
opportunities to manipulate and shape the social and

economic relations in the world.

If banks are private companies, why did the US

Government save them from bankruptcy in 2008/10? It
only proves the connection between the banks and the

state. If this is so, banks have to follow the policy of the
state, not the other way round. Apparently, banks have the

upper hand in each country and through corruption affect

the countries around the world, which is yet another
negative element in their behaviour.

The world economic crisis of 2008 is a reflection of the

many social relations in which banks have contributed.

Greedy for profit, banks allowed credits for unrealistic
values.

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