Ben Armstrong, hosted by the CoinSpeech team, dives into the shadowy world of banking in his latest video. The most significant takeaways from his eye-opening discourse have been distilled below for our readers. You can find Ben Armstrong’s new video embedded at the end of this summary.
The Unseen Power of Banks
Most people think of banks as safe institutions designed to protect their money. However, Armstrong unveils that banks are much more than simple custodians. He states, “Banks are not humble intermediaries to private businesses but rather entities that have put entire national governments at their feet.” These powerful financial entities are deeply entwined with governmental and global institutions like the World Bank and the IMF.
Historical Roots of Corruption
Armstrong traces the insidious influence of banks back to the Great Depression. “Goldman Sachs and JP Morgan banks are both now widely understood to have played a significant role in bringing about the Great Depression in the 1930s,” Armstrong clarifies. The Federal Reserve’s involvement, in collaboration with these banks, has been questioned for its policies that prolonged the economic downturn, filling the coffers of the financial elite while average citizens suffered.
Modern Malfeasance
Armstrong doesn’t just stop at historical context; he highlights ongoing issues with large financial institutions. “Goldman Sachs was involved in helping the Greek government hide its debt levels,” Armstrong reveals, pointing to the European debt crisis and the notorious Abacus deal. Furthermore, he points to Bank of America, citing, “Bank of America was getting in trouble for doing everything they could to kick more people out of their homes through shady foreclosure practices.”
Global Financial Puppetry
Banks are not just national players; their reach extends across the globe. Armstrong sheds light on Citibank’s controversial role in geopolitical issues, including its involvement in rebuilding Ukraine while having deep historical ties to influential banking families. He mentions, “Banks are famously known to fund both sides in many major wars throughout history,” elaborating on how financial institutions like JP Morgan and the Union Banking Corporation were accused of doing business with enemy nations during World Wars.
Future Videos and Deeper Insights
Armstrong promises more revelations in upcoming videos. “In future videos, we’re going to dig much deeper into the roles that governments, cartels, corporations, hedge funds, and other facilitators play in this web of corruption,” he assures his audience, encouraging them to join his Discord server for ongoing discussions.
Don’t miss out on the complete video from Ben Armstrong below: