What is a Banking Cartel? — Dr. Perry Kyles on The International Risk Podcast

In Episode 214 of The International Risk Podcast, Dr. Perry Kyles explains how a banking cartels dominate the financial system. This is the first post in our lecture series, starting with Module 1: What is a Banking Cartel?

Many people believe banks compete for customers. In reality, a small group of financial institutions work together to control economies. They influence money supply, credit, and financial policies without public approval.

Understanding a Banking Cartel

A cartel is a group of organizations that secretly work together to control a market. They fix prices, limit competition, and shape economic policies. In banking, this means that central banks, private banks, and global financial groups collaborate to maintain power over money and credit.

These institutions include:

1. Central Banks (Federal Reserve, European Central Bank)
2. Large Private Banks (JPMorgan Chase, Goldman Sachs, HSBC)
3. Global Financial Entities (IMF, Bank for International Settlements)

Their goal is to protect their influence. They do this by shaping monetary policies, controlling loan terms, and deciding how money flows. Consumers often pay the price through inflation, rising debt, and financial instability.

Fact: The U.S. dollar has lost over 96% of its value since the Federal Reserve was created in 1913.

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How Banking Cartels Control the Economy

1. Monopoly – A Few Banks Dominate the Market

A fair economy needs competition. But a handful of large banks now control most of the financial system. This limits consumer options and increases bank profits.

Example:

The five largest U.S. banks hold over $12 trillion in assets. This is 50% of the nation’s banking industry.

In Europe, banks like HSBC, BNP Paribas, and Deutsche Bank control lending, investments, and economic policies.

This dominance reduces competition. Small banks struggle to survive. Consumers face higher fees, fewer loan options, and risky financial policies.

Fact:

In 2008, the U.S. government bailed out failing banks with $700 billion in taxpayer money.

🔹 Banks win, while you lose. Protect your assets with gold and silver investments.

2. Collusion – Banks Secretly Work Together

Instead of competing, major banks often coordinate policies. They do this to protect their profits at the expense of everyday people.

1. Interest Rates: Banks set similar rates, making it harder for consumers to find better deals.
2. Loan Approvals: They restrict access to credit, forcing borrowers into costly alternatives.
3. Market Manipulation: Financial institutions engage in fraudulent activities to rig the system.

Example: The LIBOR Scandal (2012)

Banks like Barclays, UBS, and JPMorgan Chase manipulated global interest rates. This affected $350 trillion in contracts worldwide. The banks profited, while businesses and individuals paid billions in extra loan costs.

Fact:

No top executives faced jail time for this crime. Instead, banks paid fines that were smaller than their profits.

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3. Government Influence – How Central Banks Enable Cartels

Many people think central banks, like the Federal Reserve, serve the public. In reality, they operate in close partnership with private banks. This benefits financial institutions, not regular citizens.

How does this happen?

1. Private Ownership: The 12 regional Federal Reserve banks are owned by private banks. This gives them direct influence over U.S. monetary policies.
2. Money Printing: The Fed prints trillions of dollars, reducing the value of savings and increasing inflation.
3. Lack of Transparency: Decisions happen behind closed doors, without public oversight.

Fact: The Federal Reserve printed over $4 trillion in 2020 alone. This caused asset prices to rise, making it harder for average people to afford homes and investments.

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Ordinary People Pay the Price

Banking cartels control economies, but the public carries the burden. Their policies create:

1. Higher inflation, making goods and services more expensive.
2. Stagnant wages, while corporate profits reach record highs.
3. Rising debt, as banks encourage borrowing but set high repayment costs.
4. Government bailouts, protecting banks while taxpayers cover the losses.

Example: The 2008 Financial Crisis caused millions of foreclosures, yet banks received billions in rescue funds.

🔹 Break free from their control. Secure your savings with gold investments.

How to Protect Your Wealth from the Banking Cartel

Understanding banking cartels is the first step. Taking action is the next.

1. Invest in Gold Instead of Fiat Currency

Gold has preserved wealth for thousands of years. Unlike cash, it cannot be printed or devalued.

Fact: Gold rose from $700 to over $1,800 after the 2008 crash, while bank stocks collapsed.

Browse our gold products to start protecting your savings.

2. Open a Gold IRA

A Gold IRA moves retirement savings away from banks and into physical gold.

Fact: The U.S. dollar has lost 90% of its value in the last century, but gold has held strong.

Download the Gold IRA Guide to learn how it works.

3. Educate Yourself on Banking Cartels

Knowledge is power. Learn how the system works so you can protect your financial future.

Fact: Banks rely on public ignorance to maintain control.

Read Dr. Perry Kyles’ book: “Gold vs. The Banking Cartel” for the full story.