Central Banks Now Operating as One Global Monopoly?

Central Banks Now Operating as One Global Monopoly?

Thursday, March 01, 2012 – by Staff Report

Central banks’ joint efforts sustain global system … Never before have the world’s central banks sent so much money sloshing through the global financial system. From slashing interest rates and buying government debt to dangling cheap loans to banks and taking on their risky assets, central banks have taken extraordinary steps since the 2008 financial crisis to nurse the international banking system back to health. Over the past 3 1/2 years, the central banks of the United States, Britain, Japan and the 17 countries that use the euro have pumped out so much money that their balance sheets have reached a combined $8.76 trillion. That’s a record, by far. The infusion of money has eased borrowing costs and raised confidence in banks, governments and companies. – Boston.com

Dominant Social Theme: More is better. But each bank “does its own thing.”

Free-Market Analysis: It is a much denied fact that what may be called a New World Order is continually being developed at the highest reaches of power. But what is less well known is the amount of coordination already developed between the facilities that provide the engine for global governance.

Central banks are separate banking facilities and responsible for various elements of their country’s economies. Some are operated at an arm’s length from government but all are likely, one way or another, controlled by the Anglosphere power elite.

This elite is apparently made up of great Jewish (elite) banking families along with corporate, religious (Vatican) and military interests and they have continually pushed forward with their homogenizing agenda. The general public is not supposed to be aware of this, of course, and Western media is not supposed to explain it.

It is, in fact, a kind of sub-dominant social theme – a promotion of sorts. The idea is that countries are generally driven by independent monetary and economic agendas. The world does not run from the top down.

And yet, we can see increasingly frank indications that Western media, especially in the US, is beginning to state the obvious: Monetary policy is being coordinated worldwide. Here’s some more from the article:

Central banks have revealed no plans to reverse course and tighten credit soon. The Fed has said it expects to keep short-term rates at record lows near zero until at least late 2014. At a House hearing Wednesday, some lawmakers pressed Bernanke about the risks of keeping rates so low for so long.

“One of the problems with setting these horizons out so far is that the private sector starts to expect that, and if circumstances change, crawling back off that limb could be very difficult,” Rep. Melvin Watt., D-N.C., told Bernanke. “The policy is a conditional policy,” Bernanke responded. “It’s based on what we know now. If there’s a substantial change in the outlook, we’d have to adjust accordingly.”

Bernanke hinted that if the U.S. economy continued to improve consistently, the Fed might have to consider raising rates sooner. For now, following the Fed’s lead, other central banks have kept their benchmark short-term rates at super-lows. They’ve created low-rate lending programs for commercial banks, like the three-year loans the ECB is providing.

We can see from this article’s initial excerpt and the one above that the elite narrative is a simple one: The Fed has responded adequately to the problems the world has faced since the 2008 meltdown and that other central banks have taken their cue from the world’s greatest and best-run central bank to follow along.

The article also mentions bond purchases known as “quantitative easing,” or QE. This is just a fancy way of saying the Fed is printing money and buying paper instruments that the market would otherwise value with far more severity.

In Europe, the central bank is pursuing a policy similar to the Fed’s, as is the Bank of England. Earlier this month, the article informs us, the Bank of Japan strengthened its asset-purchase program.

And the Bank of Japan, according to the article, has also been cutting short-term rates aggressively and basically giving money away to the commercial banks that then distribute the “funds” to the public.

Here’s a telling quote, according to the article, from David Jones, head of DMJ Advisors and Fed researcher and book author: “Everyone is following the Federal Reserve’s example of printing money to get out of this economic slump.”

We’ve noticed another sub-dominant social theme as well. Fed Chairman Ben Bernanke is constantly talking about how the economy is improving and about the possibility that the Fed would soon tighten credit and stop printing so much money.

This is because he knows that by injecting so much paper money into the system he is devaluing the money already there. This is known as “inflation” – and leads to price inflation. Price inflation is increasing around the world and in the US has been estimated to be up to nine percent per year – maybe more.

The article quotes Diane Swonk, chief economist at Mesirow Financial, as saying, “Central banks around the world are making a bet that they will be able to handle inflation down the road.”

Of course, in the history of monopoly money printing such an event has never occurred. Central bankers have NO IDEA of how to “drain” inflation. It never happens. Ruin is a one-way street.

There is another reason why central banks either won’t “drain money” adequately or will do it so aggressively that the globe will be dumped into a kind of hyper-depression. That reason, in our estimation, is that the elites are TRYING to create a depression.

This is part of a larger one-world agenda. The twin pincer of global depression and global war is being prepared like a grim cocktail and sooner or later it will be administered to the unwilling patients.

In many ways, worldwide governance is already an operative fact. The BIS has well over 100 central banks reporting to it and almost all countries now HAVE a central bank. This does not mean, of course, that the central bank era is bound to be a success or that a formal New World Order is a fait accompli.

What we call the Internet Revolution is evidently and obviously undermining the pathologically ambitious plans of the power elite, and many of the fear-based memes that have been used successfully to consolidate power and wealth are not working so well any longer.

From our point of view, ever since the unexpected explosion of the new Information Age, the plans of the elite have been increasingly questionable.

Conclusion: Yes, there may be a good deal of centralizing going on – and we disagree that such centralizing is a good idea generally, let alone as part of a global enterprise. But we are not certain that one world is in the offing, no matter how aggressively central banks coordinate their policies and printing.

Fiat Money
Fiat money is the opposite of honest money. Fiat money is money that is declared to have value even if it does not. Honest money has value regardless of what people say. Gold and silver are often referred to as honest money and since they have been dug out of the ground at considerable expense, they do have value regardless. People will pay variable sums for them.

Fiat money is also known as paper money, or electronic money. Since there is nothing behind paper money but the obligation of a state to redeem it in more paper or electronic money, fiat money’s ultimate worth is questionable at best. In fact, there is a history of states walking away from the face value of the fiat money that has been printed (created). But if one has it in one’s possession, it is impossible to walk away from the value of gold and silver – and contrary to fiat money, they have an inherent quality.

Mainly an outgrowth of central banking, in the modern age fiat money probably would not be attractive without state support. That’s because fiat money, unlike fractional reserve money, has no inherent value. Fractional reserve banking, in fact, is a private market phenomenon in which private banks provide paper notes, the face value of which adds up to more than the reserves held by the bank. There is a history of successful fractional reserve banking efforts within the private marketplace; however, fiat money ALWAYS collapses, as it is impossible to issue a substance of value that has no value year after year and generation after generation.

In the United States, the world’s largest and most dominant economy, the greenback became a fiat currency when President Richard Nixon broke the final link between gold and the dollar in 1971. He did this because the French were apparently threatening to redeem their dollars in gold – and neither the US central bank and/or Treasury did not have enough gold to redeem French dollars, or chose not to.

In any event, Nixon severed the dollar’s relationship to gold and ever since then the world has embarked on a “bold experiment” in which the global, anchor currency has no specific relationship to an underlying asset. Predictably, this has meant that the United States has continually created more and more fiat dollars, thus inflating the overall stock of dollars and making them worth less and less.

China, one of the world’s most ancient civilizations, is said to have had no less than eight separate interregnums of fiat currency – each collapsing and then being replaced by another. In the 1800s, fiat money was even banned by the Chinese. Today, however, the Chinese government is once again a user of fiat money along with the rest of the world. Fiat money has never been as prevalent perhaps as in the modern age. But that doesn’t make it any healthier or less prone to failure. Those who ignore history are doomed to repeat it.

Posted by Danny B on 03/01/12 11:40 PM

“TRYING to create a depression.
This is part of a larger one-world agenda. The twin pincer of global depression and global war is being prepared like a grim cocktail”
I believe that you are referring to the Brompton Cocktail🙂
Click to view link

I read far and wide. I read on Monsanto and “Seeds of Destruction”.
I read about the resurrection of the Spanish flu. I read on the perfection of modern flu bio-weapons. I read on genetic-specific bio weapons.
I read on the scalar weapons that Khrushchev hinted at in the late 60s.

Def. Sec. Cohen said that we are at war with terrorists who can cause earthquakes and volcano eruptions.
Click to view link

Tom Bearden wrote a book, “Edge of Oblivion”
He wrote detailed analysis of precursor weapons.
Click to view link
Click to view link

The work of Josepheson seems to validate the conclusions of Tom Bearden.
Click to view link~bdj10/

I suspect that machinations of the elites are aimed at a big population reduction. It doesn’t seem logical a push to a one-world GOV. Central planning has never worked. Why should the PTB believe that it will work now?

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Posted by Bischoff on 03/01/12 10:06 PM

Posted by on

There is no shortage of gold. Gold held by central banks amounts to approximately 25 tons. Compare that to the gold in private hands which amounts to approximately 115 tons.

Provided the legal structure is returned to facilitate banking under the RBD, gold will readily be available as capital for banks and to discount Real Bills.

The sooner that is done, the easier it is to mobilize gold again to create a “redeemable” currency. If, on the other hand, the present system ends up in total collapse, it will be enormously difficult to coax private gold out of deep storage.

There is no need that all currencies be “redeemable”. The Bretton Woods Agreement set up the USD as the one “redeemable” currency against which all “irredeemable” currencies in the world could be “priced”. We could do the same again, preferably before China beats us to the punch.

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Posted by johnblenkins on 03/01/12 09:59 PM

How true DB.

This is because he knows that by injecting so much paper money into the system he is devaluing the money already there. This is known as “inflation” – and leads to price inflation. Price inflation is increasing around the world and in the US has been estimated to be up to nine percent per year – maybe more.

Ron Paul, grilled Bernake very recently on this.
Asking Benny boy if he shopped for his own groceries.
If so how the hell do you come up with 2%.
Ofcourse no one trusts the Government numbers.
Sure TVs cars fridges, may be down.
No where in the World is food or fuel cheaper against any fiat.
Unless you were able to buy in gold or silver.
RP demonstrated this to benny boy by holding up a one ounce silver dollar.
When you took charge in 2006 this silver dollar bought 4 gallons of gas,
now it buys 11. ” WHAT HOLDS VALUE”

Loved your Ron Pual poll, DB.
Your first question was somewhat biast to. memehunter and the jesuits.
who are clearly at a virgin blood sacrafice, hence only 4.5%.

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Posted by Agent Pete 8 on 03/01/12 09:47 PM

Posted by on

Today’s apologisms were brought to you without mentioning some long-term planned words: Auction, Tranche, War, Debt, Settlement.

Would anyone care for another BIS-cuIT?

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Posted by Bischoff on 03/01/12 09:32 PM

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I must correct myself regarding the description of the BIS as a membership organization. I described the IMF, instead of the BIS.

The BIS in fact is the world’s oldest international financial organisation established in May 1930. Its main purpose at the time is to facilitate WW I reparation payments.

It became a forum to meet central bankers during WW II to settle balances.

Today, it functions as a central bank to central banks, whose customers are central banks and international organisations. The BIS does not accept deposits from, or provide financial services to, private individuals or corporate entities.

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Posted by Bischoff on 03/01/12 09:31 PM

Posted by on

I must correct myself regarding the description of the BIS as a membership organization. I described the IMF, instead of the BIS.

The BIS in fact is the world’s oldest international financial organisation established in May 1930. Its main purpose at the time is to facilitate WW I reparation payments.

It became a forum to meet central bankers during WW II to settle balances.

Today, it functions as a central bank to central banks, whose customers are central banks and international organisations. The BIS does not accept deposits from, or provide financial services to, private individuals or corporate entities.

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Posted by Bischoff on 03/01/12 09:15 PM

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“As said “average” guy, I just don’t see that happening.”

To express my sentiment in response to your statement, I quote Donald Sutherland in the movie “Kelly’s Heros”, “… ..always with them negative waves… ..”

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Posted by Bischoff on 03/01/12 09:03 PM

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“Work hard, buy gold and silver and prepare for shortages and disasters ahead, for sure.”

Of course it is only prudent to prepare for disaster with storing food and water, enough for a couple of weeks or a couple of months.

Acquiring gold for savings makes sense. Acquring silver for savings, doen’t make sense. However, a bag of junk silver (old silver coins), makes for an excellent medium of exchange during a short period of turmoil.

Politically the average guy should demand that the Congress repeal the “legal tender” protection attached to the FRN. However, the average guy must understand that the Fed, which creates the “irredeemable” FRN, is a government agency.

If the average guy can make clear to his federal politicians that he knows that the Fed is an independent government agency, the federal politicians will stop giving the voters the razzmatazz, unless they be thrown out of office. The 2010 federal election proved that it can be done.

Stripping the FRN of its “legal tender” protection allows the private banking system to create a redeemable currency under the RBD with the gold standard which will then compete with the “irredeemable” FRN. The FX market will sort out the rest of the problem.

To return to a “redeemable” currency is not at all difficult to achieve, provided the average guy clearly understands what needs to be done, and he can make his federal politician react to do it. Of course, the central banking crowd will put out propaganda through the MSM to do everything to make the little guy doubt himself.

Watching the primary campaign involving Romney and Santorum/Gingrich gives you a clear indication as to who favors the central banking crowd, and who favors the average guy.

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Posted by clark on 03/01/12 09:03 PM

Luis Magno wrote, “So what does the “average” guy do with an understanding of the banking and monetary system?”

Bischoff replied, “He uses it to agitate and work for the restoration of a currency system under the Real Bills Doctrine using gold as the standard of measure, as well as the standard of value.”

As said “average” guy, I just don’t see that happening.

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Posted by Jeanna on 03/01/12 08:55 PM

Wouldn’t every country have to begin issuing redeemable currency at the same time, in order to clear through a BIS type clearing house? Assuming the BIS was made over into an honest enterprise. A coordinated effort of this magnitude is mind boggling. And, if the BIS / IMF / FED are all intent on confiscating each country’s gold through either forced austerity / default such as in Greece, or through war such as Iraq, Lybia, and Iran… then who will have gold to back a redeemable currency?

I guess we could use kegs of Budweiser beer instead?

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Posted by Bischoff on 03/01/12 08:27 PM

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If you can let this sink in, and judge other information fairly against this understanding, I am sure you’ll dicover how the world really works.

However, while the elite strives for total control, it will never achieve it. It cannot, because it is contrary to Natural Law.

It’s trying to find the balance between just enough control and complete decentralization, that is the trick. It is an ongoing process, all the time.

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Posted by Jones on 03/01/12 06:35 PM

Do Bears do potty in the Forest?

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Posted by EdwardUlyssesCate on 03/01/12 05:55 PM

So, the central bank creates its funds out of thin air, and buys up collateral from its member banks, which in turn acquired collateral when it made its loans to smaller banks, which had acquired collateral when it made loans on property and real-estate. This makes very clear the prediction of that old 1889 Great Red Dragon book that stated right up front:

“The Imperialism of Capital, in our time, stretches the arms of its power over the whole earth: it alone sways the nations with pre-eminent rule. It buys all of the products of the earth: it fixes all prices of all commodities without regard to the law of supply and demand, by its own arbitrary will. It is Imperial over industry and trade, and none can resist it. It is rapidly progressing toward its ultimate aim, of possessing itself of all the world’s wealth and all the world’s property. If things remain as they are, these Money Kings will, at no distant day, have achieved their aim, and will own the earth in fee simple.”

When I started on this, I had no idea how that could be accomplished. Now it’s very obvious. Sigh.

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Posted by Bischoff on 03/01/12 03:54 PM

Posted by on

“So what does the “average” guy do with an understanding of the banking and monetary system?”

He uses it to agitate and work for the restoration of a currency system under the Real Bills Doctrine using gold as the standard of measure, as well as the standard of value.

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Posted by Luis Magno on 03/01/12 03:23 PM

My comment is intended to be a reply to “Posted by Bischoff on 03/01/12 01:47 PM”. I have no idea who Scott Cherf is.

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Posted by Luis Magno on 03/01/12 03:21 PM

So what does the “average” guy do with an understanding of the banking and monetary system? Work hard, buy gold and silver and prepare for shortages and disasters ahead, for sure. But beyond that it is up to the “un-average” guys, that’s you and I, to create a meme that targets the core problem – duality.

Target the Money Power, for sure. The challenge is then to successfully target the People Power. That’s where the two dominant Anglo-Saxon sociocultural memes do the greatest damage.

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Posted by Luis Magno on 03/01/12 03:20 PM

Posted by on

So what does the “average” guy do with an understanding of the banking and monetary system? Work hard, buy gold and silver and prepare for shortages and disasters ahead, for sure. But beyond that it is up to the “un-average” guys, that’s you and I, to create a meme that targets the core problem – duality.

Target the Money Power, for sure. The challenge is then to successfully target the People Power. That’s where the two dominant Anglo-Saxon sociocultural memes do the greatest damage.

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Posted by Luis Magno on 03/01/12 03:18 PM

Posted by on

So what does the “average” guy do with an understanding of the banking and monetary system? Work hard, buy gold and silver and prepare for shortages and disasters ahead, for sure. But beyond that it is up to the “un-average” guys, that’s you and I, to create a meme that targets the core problem – duality.

Target the Money Power, for sure. The challenge is then to successfully target the People Power. That’s where the two dominant Anglo-Saxon sociocultural memes do the greatest damage.

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