The populists and communists want to force the private banks to sell their shares and say the people are the rightful owners of the gold worth $102 billion. In truth, it is owned by the politicians. All that is happening is that the gold and the power of legalized plunder will move from one group to another.
Banking is an amazing business.It collects interest by loaning money created out of nothing, when it hits hard times it is bailed out with tax dollars, and when it is riding high, it enjoys incredible tax breaks. It loans money to governments, but it’s the taxpayers who guarantee repayment and pay the interest.