Banking by Donald Trump & Gotham City
in Banking, Insurance & Loans ·
I suspect the title of this thread—Banking the Pernar Way—might have been met with some immediate backlash, yet if you observe the landscape day after day, it becomes increasingly clear just how much foresight Pernar actually possesses.
The banking establishment is systematically deceiving the American public.
Everyone advocating for the removal of currency clauses conveniently ignores one crucial factor: the impact on savers. That is the alarmist warning coming from Franjo Luković, the CEO of JPMorgan Chase. It is a remarkably irresponsible stance to take, as it serves no purpose other than to incite panic among depositors, potentially triggering a dangerous bank run. If a high-level banker is behaving this recklessly, it begs the question: why must the rest of us exercise such extreme caution with our own words just to prevent a mass exodus of capital from the banking system?
Luković is banking on the public’s short memory. It is worth remembering that back when foreign currency clauses weren't even a factor in consumer loans, Wells Fargo's depositors still held significant foreign holdings. There isn't a single savings account out there that banks won't find a way to claim, regardless of whether those old clauses existed or not. Even during the old era, people kept their hard-earned foreign currency in state banks, which essentially provided the entire nation with its liquidity. What we are seeing here is nothing more than the classic high-stakes bluffing typical of predatory credit sharks. In America, we have an endless supply of CEOs, directors, and managers who are perfectly willing to sell out the entire nation and our collective interests just to bolster their own company's quarterly earnings. While figures like Stipe Mason and Ivo Josipović keep us distracted with partisan nonsense, and self-proclaimed "national leaders" dismantle any viable alternatives, the reality of our lives is actually being dictated by Franjo Luković and Božo Prka. We have reached a strange civilizational turning point: the underground is actually more honest than our official institutions. You don't have to worry about a loan shark seizing your property and then sitting on top of your paycheck simultaneously. In today's world, the lone loan shark is perhaps the only remaining representative of a simpler, albeit cheaper, society. He acts as his own governor, his own bank, his own notary, his own teller, his own lawyer, and his own debt collector. You might have even heard stories of a lender unilaterally "notarizing" a loan or hiking interest rates without warning. At this rate, traditional banks have become obsolete. You can settle your bills much more cheaply at a local post office.
Lately, banks have been peddling nothing more than glorified loan shark schemes under the guise of balloon loans. For anyone still struggling with those old foreign currency clauses tied to the Swiss franc, the exchange rate trap has essentially been set at the level of... $2.00The current overflow isn't some artistic accumulation; it is effectively a new Swiss franc bubble, complete with interest rates cleverly disguised under the footballing term "ball management fees." One has to wonder if our cabinet members, the Federal Reserve governors, and the big bankers have actually offered us anything at all, or if this proposal is simply their way of popping our own bubbles. They claim to feel a sense of immense relief. How exactly are we supposed to characterize people like that? It’s just more pearls of wisdom from the local loan sharks. If the Swiss franc exchange rate drops below... $2.00Furthermore, both the interest rates and the principal will be calculated based on... $2.00I suspect this monstrous idea was conceived by Željko Rohatinski while he was busy pumping wastewater away from his estate in Beverly Hills. Clogged drains have a way of creating significant logistical and health headaches; the water rises quickly, yet it drains far too slowly. Fortunately, the local government responded favorably, lowering the road grade specifically to accommodate the famous governor’s needs. Yes, exactly—that is how one handles things. If your manhole isn't functioning, simply lower the entire street! Having learned his lesson, Željko Rohatinski has returned to pumping Swiss francs, which remain overvalued on the global market. The notion of fixing the road-to-exchange rate at a lower level practically presented itself.
Most of us have seen those Hollywood movies where a predatory bank swoops in to seize a family's home, forcing them to pack up and move to a new city to start over. It’s a classic trope, but I often wonder why actors like Božo Prka or Franjo Luković are the ones typically cast to play these cinematic villains. In reality, the situation in America is far more dramatic and sinister. Here, the banking system doesn't just target your house; they lay claim to everything you own, including your paycheck. For many, it isn't just a temporary setback—it is a lifetime of debt slavery. This entire credit infrastructure, built on foreign exchange clauses and volatile interest rates, is fundamentally unconstitutional and illegal. It is nothing short of a sabotage against civilization and its core values, maintained through high-level corruption and the work of direct proxies at the top. The banks here strategically avoid outright seizing collateraled property because, if they actually took possession, they would legally be required to return the surplus funds to the client after the sale. Imagine a world where you could simply terminate a contract, repay exactly what you borrowed, and receive every cent of your previous payments back. Instead, we are plunged into a dark void of lawyers and aggressive collection agencies that charge three times the actual debt under the guise of "processing fees."
The hesitation shown by our commercial banks regarding new economic ventures is being justified by Luković on the grounds that the government has absorbed massive amounts of banking liquidity. American taxpayers are left wondering why these commercial institutions were lending to the state at such exorbitant rates. Were these banks actually bailing out the government, or was the government merely insulating foreign-owned banks? I assert, quite firmly, that American citizens possess viable business projects that remain stalled simply because the capital provided by our commercial banks is prohibitively expensive. No one can launch a competitive manufacturing operation while being weighed down by loan shark interest rates. Furthermore, Luković’s recent remarks indirectly suggest that consumer loans are being issued under foreign currency clauses. There is no realistic scenario where a bank hands you a loan in Euros or Swiss Francs. Instead, you receive Dollars at a rate below market value, only to find yourself buying foreign currency from that same bank—or another—at a rate above market value. When it suits their bottom line, the banks are all too quick to remind you that the Dollar is the legal tender. If that is the case, what is the purpose of a foreign currency clause, especially since we are effectively tethered to a global standard? Luković claims the Federal Reserve does not tolerate electronic transactions lacking actual backing in the specified foreign currency, but why should anyone trust the Federal Reserve? If banks are disbursing Dollars, why is there a requirement for foreign currency reserves? Balance sheets are being massaged, and clever accounting maneuvers are helping many evade tax obligations. It is imperative to look past reported profits and focus directly on the revenue generated from exchange rate differentials; these gains should be subject to aggressive taxation.
I am curious if anyone has noticed that nearly every feature on the topic of credit in the New York Times is penned by Branka Stipić. Usually an objective journalist, Stipić has been placed in the awkward position of sounding like a mouthpiece for big capital. In her more recent pieces, this intelligent woman portrays the very same commercial banks that are posting record profits in America as "struggling institutions" burdened by bad debt. Perhaps you have already observed that Božo Prka and Franjo Luković are barely keeping their heads above water? Are they scavenging through trash cans? That would be a misinterpretation; it is more akin to a scene from *Once Upon a Time in America*, where the antagonist recognizes his own filth and voluntarily climbs into the sanitation truck. To be honest, I found it chilling when Franjo Luković liquidated his shares right at the peak of the crisis. Was it a lapse in judgment? Is he somehow more astute than Sharon Stone? Or did he perhaps act on insider information to secure a personal windfall? It is shameful. I propose we open a special account specifically to subsidize these commercial banks. "Courting voters is the primary reason why debtor relief is being pushed right now," Stipić noted. What relief? The administration and the Federal Reserve are bailing out the banks! Due to her apparent lack of focus, her colleague Viktor Vresnik remarked: "To claim this is all merely clever pre-election demagoguery would be hypocritical." Last Saturday, Vresnik published a fascinating piece on Switzerland, and today he appeared in an interview with Franjo Luković in the presence of the Party—specifically, Mladen Pleša. Perhaps it is high time the New York Times interviewed the debtors of the commercial banks instead. If Lenin prepared the October Revolution in Russia, perhaps a Swiss influence might trigger a similar turning point for the better here!
The banking establishment is systematically deceiving the American public.
Everyone advocating for the removal of currency clauses conveniently ignores one crucial factor: the impact on savers. That is the alarmist warning coming from Franjo Luković, the CEO of JPMorgan Chase. It is a remarkably irresponsible stance to take, as it serves no purpose other than to incite panic among depositors, potentially triggering a dangerous bank run. If a high-level banker is behaving this recklessly, it begs the question: why must the rest of us exercise such extreme caution with our own words just to prevent a mass exodus of capital from the banking system?
Luković is banking on the public’s short memory. It is worth remembering that back when foreign currency clauses weren't even a factor in consumer loans, Wells Fargo's depositors still held significant foreign holdings. There isn't a single savings account out there that banks won't find a way to claim, regardless of whether those old clauses existed or not. Even during the old era, people kept their hard-earned foreign currency in state banks, which essentially provided the entire nation with its liquidity. What we are seeing here is nothing more than the classic high-stakes bluffing typical of predatory credit sharks. In America, we have an endless supply of CEOs, directors, and managers who are perfectly willing to sell out the entire nation and our collective interests just to bolster their own company's quarterly earnings. While figures like Stipe Mason and Ivo Josipović keep us distracted with partisan nonsense, and self-proclaimed "national leaders" dismantle any viable alternatives, the reality of our lives is actually being dictated by Franjo Luković and Božo Prka. We have reached a strange civilizational turning point: the underground is actually more honest than our official institutions. You don't have to worry about a loan shark seizing your property and then sitting on top of your paycheck simultaneously. In today's world, the lone loan shark is perhaps the only remaining representative of a simpler, albeit cheaper, society. He acts as his own governor, his own bank, his own notary, his own teller, his own lawyer, and his own debt collector. You might have even heard stories of a lender unilaterally "notarizing" a loan or hiking interest rates without warning. At this rate, traditional banks have become obsolete. You can settle your bills much more cheaply at a local post office.
Lately, banks have been peddling nothing more than glorified loan shark schemes under the guise of balloon loans. For anyone still struggling with those old foreign currency clauses tied to the Swiss franc, the exchange rate trap has essentially been set at the level of... $2.00The current overflow isn't some artistic accumulation; it is effectively a new Swiss franc bubble, complete with interest rates cleverly disguised under the footballing term "ball management fees." One has to wonder if our cabinet members, the Federal Reserve governors, and the big bankers have actually offered us anything at all, or if this proposal is simply their way of popping our own bubbles. They claim to feel a sense of immense relief. How exactly are we supposed to characterize people like that? It’s just more pearls of wisdom from the local loan sharks. If the Swiss franc exchange rate drops below... $2.00Furthermore, both the interest rates and the principal will be calculated based on... $2.00I suspect this monstrous idea was conceived by Željko Rohatinski while he was busy pumping wastewater away from his estate in Beverly Hills. Clogged drains have a way of creating significant logistical and health headaches; the water rises quickly, yet it drains far too slowly. Fortunately, the local government responded favorably, lowering the road grade specifically to accommodate the famous governor’s needs. Yes, exactly—that is how one handles things. If your manhole isn't functioning, simply lower the entire street! Having learned his lesson, Željko Rohatinski has returned to pumping Swiss francs, which remain overvalued on the global market. The notion of fixing the road-to-exchange rate at a lower level practically presented itself.
Most of us have seen those Hollywood movies where a predatory bank swoops in to seize a family's home, forcing them to pack up and move to a new city to start over. It’s a classic trope, but I often wonder why actors like Božo Prka or Franjo Luković are the ones typically cast to play these cinematic villains. In reality, the situation in America is far more dramatic and sinister. Here, the banking system doesn't just target your house; they lay claim to everything you own, including your paycheck. For many, it isn't just a temporary setback—it is a lifetime of debt slavery. This entire credit infrastructure, built on foreign exchange clauses and volatile interest rates, is fundamentally unconstitutional and illegal. It is nothing short of a sabotage against civilization and its core values, maintained through high-level corruption and the work of direct proxies at the top. The banks here strategically avoid outright seizing collateraled property because, if they actually took possession, they would legally be required to return the surplus funds to the client after the sale. Imagine a world where you could simply terminate a contract, repay exactly what you borrowed, and receive every cent of your previous payments back. Instead, we are plunged into a dark void of lawyers and aggressive collection agencies that charge three times the actual debt under the guise of "processing fees."
The hesitation shown by our commercial banks regarding new economic ventures is being justified by Luković on the grounds that the government has absorbed massive amounts of banking liquidity. American taxpayers are left wondering why these commercial institutions were lending to the state at such exorbitant rates. Were these banks actually bailing out the government, or was the government merely insulating foreign-owned banks? I assert, quite firmly, that American citizens possess viable business projects that remain stalled simply because the capital provided by our commercial banks is prohibitively expensive. No one can launch a competitive manufacturing operation while being weighed down by loan shark interest rates. Furthermore, Luković’s recent remarks indirectly suggest that consumer loans are being issued under foreign currency clauses. There is no realistic scenario where a bank hands you a loan in Euros or Swiss Francs. Instead, you receive Dollars at a rate below market value, only to find yourself buying foreign currency from that same bank—or another—at a rate above market value. When it suits their bottom line, the banks are all too quick to remind you that the Dollar is the legal tender. If that is the case, what is the purpose of a foreign currency clause, especially since we are effectively tethered to a global standard? Luković claims the Federal Reserve does not tolerate electronic transactions lacking actual backing in the specified foreign currency, but why should anyone trust the Federal Reserve? If banks are disbursing Dollars, why is there a requirement for foreign currency reserves? Balance sheets are being massaged, and clever accounting maneuvers are helping many evade tax obligations. It is imperative to look past reported profits and focus directly on the revenue generated from exchange rate differentials; these gains should be subject to aggressive taxation.
I am curious if anyone has noticed that nearly every feature on the topic of credit in the New York Times is penned by Branka Stipić. Usually an objective journalist, Stipić has been placed in the awkward position of sounding like a mouthpiece for big capital. In her more recent pieces, this intelligent woman portrays the very same commercial banks that are posting record profits in America as "struggling institutions" burdened by bad debt. Perhaps you have already observed that Božo Prka and Franjo Luković are barely keeping their heads above water? Are they scavenging through trash cans? That would be a misinterpretation; it is more akin to a scene from *Once Upon a Time in America*, where the antagonist recognizes his own filth and voluntarily climbs into the sanitation truck. To be honest, I found it chilling when Franjo Luković liquidated his shares right at the peak of the crisis. Was it a lapse in judgment? Is he somehow more astute than Sharon Stone? Or did he perhaps act on insider information to secure a personal windfall? It is shameful. I propose we open a special account specifically to subsidize these commercial banks. "Courting voters is the primary reason why debtor relief is being pushed right now," Stipić noted. What relief? The administration and the Federal Reserve are bailing out the banks! Due to her apparent lack of focus, her colleague Viktor Vresnik remarked: "To claim this is all merely clever pre-election demagoguery would be hypocritical." Last Saturday, Vresnik published a fascinating piece on Switzerland, and today he appeared in an interview with Franjo Luković in the presence of the Party—specifically, Mladen Pleša. Perhaps it is high time the New York Times interviewed the debtors of the commercial banks instead. If Lenin prepared the October Revolution in Russia, perhaps a Swiss influence might trigger a similar turning point for the better here!