Finance Now Exists For Its Own Exclusive Benefit

This article appears to be a sincere attempt, using Bank of America’s most recent financial statement, to 1) explain the financial mechanisms of current banking, and 2) analyze the risks.

Even with the author’s thoughtfulness, it becomes easily evident that current banking ‘mechanisms’ are based upon a language structure that is, at best, obscure. Reminds me of trying to read Sartre…and that is not a good thing.

The Article