“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
Banking and other financial corporations (hereafter referred to simply as banking corporations) are unlike any other subset of corporate entities. Their uniqueness has to do with their one-of-a-kind “product” -- money.
The fact that individuals (poor to rich), businesses (small to big) and governments (local to national) all require money to function means banking corporations occupy prominent places in our national economic and democratic spaces. Given the increasing omnipotence of money in determining who gets elected, what political voices get heard, when laws get passed, where programs get funded and how regulations are enacted and implemented, understanding the role of banking corporations in the creation and circulation of our nation’s money and in their lock-down control of our “monetary system” is essential to (re)gain political and economic self-governance.