In 1916 Lenin wrote about the inevitable rise of the banks and about the financial industry overtaking the production industry. In hindsight, this was easy to predict. Banks lend money only to their favorite enterprises, of which they are shareholders. Their competition is strangled by lack of investments. In the long run, this guarantees the dominance of credit-power over real labor. And money can move much faster than factories. What results from this is imperialism, with the banking system (off-shore and The City) hiding the identity of the real stakeholders, thus shielding them from any accountability. Profits are private, losses are public. Napoleon, in order to secure credits from the Banque de France, pledged to shield the bank from any losses. The Banque de France was a branch of the Bank of England. And so the funds for both camps in the Napoleon vs Wellington battle came from one and the same source. The Rothschilds profited handsomely, as we now know.
In 1916 Lenin wrote about the inevitable rise of the banks and about the financial industry overtaking the production industry. In hindsight, this was easy to predict. Banks lend money only to their favorite enterprises, of which they are shareholders. Their competition is strangled by lack of investments. In the long run, this guarantees the dominance of credit-power over real labor. And money can move much faster than factories. What results from this is imperialism, with the banking system (off-shore and The City) hiding the identity of the real stakeholders, thus shielding them from any accountability. Profits are private, losses are public. Napoleon, in order to secure credits from the Banque de France, pledged to shield the bank from any losses. The Banque de France was a branch of the Bank of England. And so the funds for both camps in the Napoleon vs Wellington battle came from one and the same source. The Rothschilds profited handsomely, as we now know.
Indeed, banking is the continuation of war with other means.
This is why BRICS was created.