“Who has the Problem? Jewish media mogul Robert Maxwell, one of the most grotesque robber barons in recent British history, liked to say that someone who owed the bank a million pounds had a serious problem, but if the same person owed the bank a billion pounds then it was the bank that had the serious problem. This insane ideology was adapted by the banks themselves. A bank with a debt of a hundred billion dollars has a problem and could be declared insolvent by the markets and State. A bank with a debt of a trillion dollars could make the State insolvent, so it’s the State that now has the problem. Banks made themselves so big and made the State (and global) economy so dependent on them that, if they failed, the whole economy would fail. So, they were all tacitly underwritten by the State, and State bailouts were therefore inevitable in the financial meltdown of 2008. The question is why any State allowed any financial institution to become “too big to fail” and thus a direct threat to the stability of the State. No sane State would ever allow itself to be controlled and blackmailed by an entity over which it has no say and no control. The fact that States did allow this to happen proves that unelected, unaccountable “free markets” (i.e. corporations, banks and the super rich) are running nations, and not their democratically elected politicians. Governments are puppet institutions and the puppetmasters are never up for election. Any sane government would have a specific department of State whose specific purpose was to prevent any bank or corporation becoming too big to fail, or any organisation or individual becoming too rich and too powerful.”