Why The Banking System Would Make Lenin ProudJustin OConnell The modern state must also possess an apparatus of big banks, as Lenin wrote at the onset of the Bolshevik Revolution, for it is banks which perform most accounting and financial recording. In socialism, banks must be expanded, made more comprehensive and, in our globalized age, reach worldwide. And so naturally, the Obama administration plans to give all US spy agencies full access to a large database containing the financial data on US citizens and those who bank in the country, according to a Treasury Department document dated March 4th. US financial institutions and any financial institution on Earth where an Amerikan does his or her banking must already file suspicious activity reports for certain customer transactions (youre considered suspicious if you conduct large money transfers) to the Treasurys Financial Crimes Enforcement Network (FinCEN). Makes sense in the context of Lenin who championed show trials of rich capitalists from the beginning of the Soviet experiment simply to make them confess to their greed and the millions it was costing Russia. Moreover, as Reuters points out, the FBI already enjoys full access to this database. The CIA and NSA must make case-by-case requests for information to FinCEN. The Treasury program gives spy agencies more raw financial data than ever. Calling for an all-out data-sharing orgy, the Treasury planning document reads, For these reports to be of value in detecting money laundering, they must be accessible to law enforcement, counter-terrorism agencies, financial regulators, and the intelligence community. So, from local law enforcement to, possibly, the global intelligence community, your financial transactions will be monitored. The USA Patriot Act and Bank Secrecy Act ensure that these programs are perfectly legal. The move raises concerns as to whether people could find their information in a file as a potential terrorist suspect without having the appropriate predicate for that and find themselves potentially falsely accused, said Sharon Bradford Franklin, senior counsel for the Rule of Law Program at the Constitution Project, a non-profit watchdog. So, the more than 25,000 financial firms, like banks, securities dealers, casinos, precious metals dealers, and money and wire transfer agencies regularly file suspicious activity reports. Many of these firms over-report. Those who run them are sufficiently brainwashed, anxious and fearful like their wage-slave employees have grown to become. So your local bank teller might be dutifully informing on you for national security purposes. This is fasco-communism, comrade. The state doesnt outright own everything. But it does control everything. And its watching. The big banks are the state apparatus which we need to bring about socialism, and which we take-ready made from capitalism; our task here is merely to lop off what capitalistically mutilates this excellent apparatus, to make it even bigger, even more democratic, even more comprehensiveA single State Bank the biggest of the big, with branches in every rural district, in every factory, will constitute as much as nine-tenths of the socialist apparatus. This will be country-wide book-keeping, country-wide accounting of the production and distribution of goods, this will be, so to speak, something in the nature of the skeleton of socialist society. Now, the US isnt heading for the same sort of communism seen in the SU (the US will have the indirect control of business seen in fascism), although the SU is a great guide for how such a society functions. With that said, we ought to look as well to characteristics of Chinas commercial communism of the past twenty years or so. Under this system, a front of banks seemingly compete, but truly cooperate behind-the-scenes, as if they were Lenins single State Bank in the name of worker control. (The Russian word, kontrol, implies checking and regulation and not empowerment.) Image source Justin OConnell, a frequent contributor to The Dollar Vigilante, studied History and German Language at Linfield College in McMinnville, Oregon, where, in his spare time, he researched current events and their relationship to history. In his studies he has found that societies have been managed by philosophically-kindred ruling classes seeking persistently a singular, total order across the planet. Justin does not believe in government as a medium for human relationships, preferring instead the race of human ideas stemming from a diverse, vibrant culture. Currently, he is a proponent of physical silver as a means of wealth preservation and disobedience to the financial system, and lives in southern California. He writes at the Dollar Vigilante-inspired site, Silver Vigilante. linkwithin_text=Related Articles: 