Now you have an indication of just how desperate the government is to find funds so it can fix the transportation system — if it’s really going to go towards that in the end, that is. Not only that, raiding (nationalizing) the banks is going to force banking to become more expensive and the fees are always passed on to the consumer. A new hatred towards bankers will begin thanks to the government plundering its own banking system, which in the end is its own people.
A transportation bill in Congress has put the U.S. well on the road to socialism, Dick Bove said Monday.
The bipartisan Senate bill, announced in July, would cut the dividend paid by the Federal Reserve to banks each year from 6 percent to 1.5 percent, and the difference would go toward funding highway projects Continue reading