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Lincoln Sousa

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The bank scam

Bankers are kings. And Brazil was handed to them on a silver platter by the coup-installed "government." Today, the Central Bank of Brazil is literally controlled by a banker who represents the interests of large national and foreign banks.

Brasilia - The new president of the Central Bank, Ilan Goldfajn, participates in the ceremony for the transfer of the presidency of the Central Bank (Fabio Rodrigues Pozzebom/Agência Brasil) (Photo: Lincoln Sousa)

Humanity lives under the dominion of a system based on capital. And at the center of this system are the banks. They are the main promoters and, at the same time, beneficiaries of Capitalism. There is no other organization on the planet that has greater profits than theirs. And no company or industry receives as many benefits and perks from governments as banks.

Banks foster the concentration of wealth; one of the natural consequences of Capitalism. And, to achieve this, they are capable of plundering entire countries. In Brazil, for example, more than 40% of the federal budget is allocated, EVERY YEAR, to the payment of interest and amortization of the public debt. And the curious thing is that this debt has never undergone a serious and detailed audit. To have a basis for comparison, the percentage allocated to health and education, together, is around 7% to 8% of the annual federal budget. Just looking at these percentages is enough to understand that the solution to effectively cut spending is not to reduce the budget allocated to education and health, as the coup-plotting "government" advocates, but to conduct an audit of the public debt and end this bleeding caused by banks and rentiers.

Popular initiatives, such as the "Citizen Debt Audit" movement, attempt to remedy the damage that public debt causes to the country and the Brazilian population, advocating for a complete audit of the debt. This debt is undoubtedly one of the main obstacles preventing the country from achieving true social justice and sustainable development.

Banks have made exorbitant profits during all the international crises of the last few decades. Many bankers and speculators have even been accused of helping to cause these crises. Therefore, these profits were not merely a "happy" coincidence for the bankers. Speculation, financial manipulation, and all sorts of fraud are used to maximize bank profits and, consequently, harm a large part of the population.

The general population suffers the most at the hands of banks. Absurd fees, charges, and commissions, along with stratospheric, almost unpayable interest rates, are some of the tools banks use to exploit citizens to the fullest extent. And governments, as well as consumer protection organizations, find it difficult to fight against this blatant abuse.

The absurd interest rates applied in Brazil are not a coincidence. There is no just reason for them to be so high. This only happens to further benefit the banks and a select few rentiers. The population is not obligated to accept this. The people have the right to demand that the authorities review the country's interest rate policy and demand more realistic and fair rates from the banks. Because if the people silently accept this crime, the banks will continue with this same position indefinitely.

It's interesting to see bank advertisements in the media. They always have a familiar, honest, and helpful tone. As if they were institutions genuinely concerned with people's well-being. It's like seeing fast food and soda commercials. They are demonstrably unfit for human consumption, but they always feature commercials with happy, healthy people consuming them.

If the population truly understood how the banking system works and the impact it has on humanity and the planet, there would be a global revolt that would radically change the course of history and the capitalist system itself. The reality is that banks kill more people than any virus or bacteria.

Some Nordic countries, where "social democracies" prevail, are examples of how banks can be used to serve the population, and not the other way around. However, this "model" is not in the interest of bankers who, year after year, see their profits increase exponentially at the expense of the suffering of billions of people around the world.

Bankers are kings. And Brazil was handed to them on a silver platter by the coup-installed "government." Today, the Central Bank of Brazil is literally run by a banker, who represents the interests of large national and foreign banks. How long will the population continue to accept all this? It's hard to know. But it's clear that when the people finally tire of paying to be exploited and oppressed, the banks' "springtime" will end.

* This is an opinion article, the responsibility of the author, and does not reflect the opinion of Brasil 247.