News & Analysis
Central Banks Now Operating as One Global Monopoly?
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.
Posted by Danny B on 09/23/12 09:38 PM
I'm a bit late but, here's a good article that makes "twins" of CBs and war.
Click to view link
Posted by seanmPWH on 03/05/12 02:12 PM
The Federal Reserve was created to take money out of your pocket and give it to the central bankers.
Posted by dotti on 03/04/12 04:04 PM
Re: "However, facts are only meaningful, if they can be logically connected to present a message. The average voter isn't hampered by a dearth of facts, he is hampered by logical thinking."
This may sound really weird, but I remember as a child wondering why logical thinking was not taught in our education system. Now I am thinking that it was all part of a plan. "They" use the MSM to tell us facts and interpret those facts for us. They created a nation of people who are ripe to accept propaganda.
But don't you think that the few members of Congress who tried to prevent the debt extension were demonized. I heard even supposed conservatives ranting about the obstructionists. The press had a field day. The opposition to the debt extension were characterized as umwilling to compromise.
It made me feel very angry and compassionate for the "victims" of the smear campaign.
I think that even the tea parties have been diluted to the point of ineffectiveness. Do you?
Posted by Bischoff on 03/04/12 11:12 AM
"How many voting citizens have any clue about the six steps?"
To get the facts, used to be a problem of communication. That no longer is they case in the age of the internet and social media.
However, facts are only meaningful, if they can be logically connected to present a message. The average voter isn't hampered by a dearth of facts, he is hampered by logical thinking.
This logical thinking leading to decisons within a small group is most effective in expressing the combined wisdom. To undermine the process of arriving at decision expressing superior wisdom, propaganda is employed and the decision circle is widened from small groups to masses of people.
Propagandizing the masses and employing "democratic" mass decisions, totally neutralizes the wise decisions made by small groups.
(Change of the U.S. Constitution by the 17th Amendment)
The tea parties have caught on to the point I am making. Their effectiveness was proven in the 2010 federal election. The system of small group decisions (Congressinal Districts) was proven by an historic power change.
Posted by dotti on 03/03/12 09:58 PM
Excellent explanation, Ingo!
How many voting citizens have any clue about the six steps? there could be some hope of numbers 1 and 2. I have heard somewhere that President Kennedy was going to take step number 1 just before he was assassinated. Is there truth to that? If so, I would not expect it to be a coincidence.
Between the education system and the MSM, I don't see any chance of achieving the six steps. The only chance would be within the context of a complete collapse. And I think it would be an evil Phoenix who would rise from the ashes--as the AntiChrist?
I can't drink coffee at night, but I sure do look forward to it in the morning! Goodnight, Ingo and all.
Posted by Danny B on 03/03/12 06:14 PM
Another wonderful Idea.
"It is a private communications platform for the two hundred most powerful people in the world.
Read more: Click to view link
Posted by Danny B on 03/03/12 10:55 AM
Another interesting vid about what men do when they get old.
Posted by Bischoff on 03/03/12 10:55 AM
"Redeemable currency, per Ingo: that is the name of the game. Let us not use our chits at the company store. We must demand true money. Now. How do we overcome? That I do not know."
It's so easy, it is frightening...
Not frightening not to you and me, but frightening to the central banking crowd. That's why there has been a total black out about Real Bills Doctrine since 1935. Teaching of RBD banking by the education establishment has been totally coopted through funding of professorial chairs and buildings for business schools by the central bank interests. No academic today understands RBD banking, much less competent to teach it.
On the other hand, the average person doesn't need to know about the integracies of RBD banking to make a "redeemable" currency system work. It requires the work of knowledgable and principled politicians.
... and therein lies the problem. Where do we get those knowledgable and principled politicians... ???
There are only a half dozen few specfics actions which need to be taken to return our government and its monetary system to what was intended with the original U.S. Constitution.
However, the understanding and resolve required to accomplish these half dozen steps will be fervently undermined by the opposition from special interests.
The Constitution, which set up a government to govern from the "bottom up", has from the very beginning been sabotaged by interests who insist on government from the "top down". This insistence is due less to any conscious conspiracy, as it is due to human nature.
What we must realize is that governance from the "bottom up" cannot be handed over to people who by basic instinct want to govern from the "top down".
Redeemable RBD currency is created by private, productive businesses and by consumers. It is the currency which supports governance from the "bottom up". It allows for the greatest good to come to the greatest number of people. It conforms to natural law. It is viable.
Irredeemable central bank currency is the currency which supports governance from the "top down". This central banking practice monetizes debt which is sold in secondary markets, and for which the interest and the return to principal is collected by government force. This sort of currency allows for the greatest good to come to only a few people. It is contrary to natural law. It is not viable in the long run.
The step by step actions which need to be taken to return to government from the "bottom up" which was intended with the original Constitution are these:
1. The U.S. Congress must remove the "legal tender" protection given to the Federal Reserve Note with the Coinage Act of 1982.
2. The States must again issue bank charters to private banks to create redeemable currency under the Real Bills Doctrine. With today's digital currency, this should be easy.
3. Courts must brush up on the "Law of Bills and Notes" to facilitate the return of the Real Bills market.
4. State legislatures must make application to the Congress to call a convention of state delegates for the purpose of proposing and ratifying a constitutional amendment to repeal the 17th Amendment.
5. After the repeal of the 17th Amendment, the Congress should prepare for and propose the repeal of the 16th Amendment.
6. After repeal of the 17th Amendment, the States should reconsider their taxation systems to allow for the funding of federal government services by the states.
To accomplish these steps may take a decade. However, when these steps are accomplished, we have returned to government envisioned for us by the framers of the Constitution.
Now, you know exactly how we overcome our present problems, Dottie. Let a million of your friends know of these steps, and we'll correct our present problems.
The steps which must be taken are specific. They are necessary and they can't be "watered down" to assuage the opposition from the "top down" governance crowd. It will be an all and all out fight to return to the original Constitution.
There will be no short cut. It will require resolve and courage to get back to governance from the "bottom up". I think the "tea parties" are on their way to get there.
If, and when we get there again, we must be vigilant and prepared to do whatever is necessary to prevent turning governance back over to the people with instincts to govern from the "top down".
Posted by Danny B on 03/03/12 10:34 AM
Click to view link
Posted by Danny B on 03/03/12 10:31 AM
Yesterday I posted here about the heart-attack gun. Today, there are a few posts on Rense about the ,,, heart attack gun. I completely blew it on my post. I got the vid for the chemical attack gun and mixed it with the info on the electrical heart attack gun.
Apparently, this confusion is carried on in one of the Rense posts.
Click to view link
LOTS of info on that page.
I need to be more careful.
Getting back on subject, here is a very depressing vid on banking.
Posted by dotti on 03/03/12 08:45 AM
Thinker, I love your post and the referenced quote from "Edward".
Re: "... the only problem for these schemers/scammers is that eventually when everything has been collateralized and there are no more borrowers, like any pyramid, the system will collapse. You can not perpetuate an interest based debt system without perpetually rising levels of DEBT!"
I think this has been designed as a worldwide "company store". I'm sure you remember the concept: workers were not paid a living wage so they accepted debt as a means of survival.
Unfortunately, I see this as the future: People will continue to go deeper and deeper into debt, regardless of the fact that it is a form of enslavement.
The collapse will occur when more and more wise up and refuse the "play money" that we are being coerced into accepting in return for our labors.
Redeemable currency, per Ingo: that is the name of the game. Let us not use our chits at the company store. We must demand true money.
Now. How do we overcome? That I do not know.
Posted by Bischoff on 03/02/12 04:13 PM
"Ask yourself: 'Why are the banks continuing to extend easy credit?' Answer: Because it prevents the derivative market from collapse.
Absolutely correct. The interest obligations must be met. The derivatives like the interest rate SWAPS are an insurance against the FOMC varying the Fed interest rate. That in and of itself is insanity. Yet, how many bonds have been up graded with a SWAP attachment... ???
Posted by Bischoff on 03/02/12 04:05 PM
"It could be debated whether the educational (brainwashing) system is paramount in this effort, or the establishment of the Federal Reserve Act of 1913 is the foundation on which a one world government is being designed."
To understand how the education establishment has been coopted, one has to understand the causes which gave rise to the Federal Reserve Act, as well as the true nature of the final legislation passed in December of 1913.
The book "The Creature of Jekyll Island" is a very popular book. It is often referenced to explain the "evil" intent with which the original Federal Reserve Act was crafted. G. Edward Griffin, the author of the book, did excellent work in uncovering the manipulations and machinations to have the contemplated Federal Reserve Act favor the big New York banks.
However, he draws the wrong conclusions about the nature of the final legislation. He describes the final legislation as favoring the big banking interests. It did not. Consequently, he is unable to properly evaluate the violation of the original act by the FRB of NY in conducting illegal Open Market Operations. The illegal OMOs of the FRB NY led to the destruction of the "redeemable" Federal Reserve Note, and to the distruction of private commercial banking.
What we know as the "Federal Reserve" today has nothing to do with the "Federal Reserve System" established with the original FRA of 1913. Today's Federal Reserve is an "independent" government agency which creates an irredeemable Federal Reserve Note by monetizing government debt.
The Congress very cleverly used the National Banking Act of 1935 to modify the original FRA of 1913 in order to establish a central bank while letting people think that they are dealing with the old "Federal Reserve System". The "Federal Reserve System" and the "Federal Reserve" are as different from each other as day is from night.
The establishment of the "Fed" in 1935 was only possible due to the ratification of the 16th and 17th Amendments in 1913. This is never mentioned in Griffin's book. Neither mentioned is the support of the "Progressive Movement" by the big banks pushing for the ratification of the 16th and 17th Amendments in 1913. Griffin fails to point this out, but Griffin is not alone. Milton Friedman did no better in distinguishing the FRS from the "Fed". Both Friedman and Griffin fail to understand the effects the illegal OMOs (selling T-Gold Bonds in secondary markets)had on our monetary system.
Since 1935, the education establishment has been coopted by the central banking crowd (most of the Congress and the big money center banks) in that it fails to teach anything which points to the rogue acts of the FRB NY and that secondary marketing of T-Gold Bonds was illegal.
These illegal acts, started in the 1920s, are the proximate cause of our problems today. Once the "Fed" central bank was established with the NBA of 1935, the education establishment taught nothing but the theories of Keynes and Keynes Light (Friedman) to the exclusion of the RBD.
The Griffin book fails to point this out. Therefore, it doesn't allows a realistic conclusions as to how to correct the problems with the monetary system.
Posted by thinker70 on 03/02/12 11:36 AM
Centralization is very evident in just about every sphere of human existence and it has one underlying purpose, complete and total control, while attempting to present a benign face. It could be debated whether the educational (brainwashing) system is paramount in this effort, or the establishment of the Federal Reserve Act of 1913 is the foundation on which a one world government is being designed.
It is sort of a "trust us, we have your best interests in mind" but stand up against their plans and the totalitarian nature of the movement will quickly become evident. I thought this paragraph posted earlier by Edward summed up the situation quite neatly.
"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."
Sure makes a lot of sense when you have a fractional reserve banking system with a MONOPOLY to create currency at will out of thin air on provision of COLLATERAL, (REAL GOODS) the only problem for these schemers/scammers is that eventually when everything has been collateralized and there are no more borrowers, like any pyramid, the system will collapse. You can not perpetuate an interest based debt system without perpetually rising levels of DEBT!
Posted by rossbcan on 03/02/12 11:27 AM
You cannot be released on the basis of insanity, because, desiring release is sane:)
... so, if you want it, you must TAKE it.
Posted by Agent Weebley on 03/02/12 11:21 AM
I love catch-22s . . . they're grrrreeeeat!
Click to view link
Posted by rossbcan on 03/02/12 11:14 AM
IS Central control (servitude). You can look into history all you want, but YOU WILL NEVER find a "tiger without stripes"
Click to view link
... nor any "stable" government. Government is unproductive by nature, with a psychotic imperative to "grow", consuming all in its wake.
Posted by olde reb on 03/02/12 11:03 AM
Danny, you and I know that central planning has never worked---but look at history. It is the pattern of every empire to control--and confiscate--the wealth of every profitable enterprise. A government that does not expand central control is unique in history.
Posted by olde reb on 03/02/12 10:55 AM
Ask yourself: 'Why are the banks continuing to extend easy credit?' Answer: Because it prevents the derivative market from collapse.
If easy money is not available to Greece and other nations that are overloaded with debt, a default must be declared (after hiding behind word games has failed) and the huge derivative market of sovereign debt that has no assets but claims to insure the loss will collapses. That market is much larger than the housing industry ever was.
The easy money is an attempt to stabilize the market. It is merely building another bubble that will be larger than the derivative bubble.
But who is it that will stand to gain from the eventual collapse? Depends. If the Federal Reserve is shown to have illegally concealed massive profit from the government as claimed in RIP OFF BY THE FED posted at Click to view link , maybe the citizens may gain.
If the fraud of the Fed is not exposed and found to be the practice of the international banking industry controlled by the BIS, the BIS and its satellites throughout the world will hold humongous debt created by their fiat money creation and will buy infrastructure at fire sale prices. David Rockefeller's dream as stated in his book and in Quigley's confession of international control by the banking industry elite will be accomplished. The object of the dream is to improve society of course.
Posted by rossbcan on 03/02/12 10:51 AM
just a possibility, an alternate explanation to a "tight" and total central bank conspiracy.
In Canada, our largest trading partner is US, and, as a consequence of US irresponsible fiat printing, $CDN exchange rate has increased (higher perceived $CDN value, due to perceived fundamentals), but, IMHO, $CDN has has not appreciated nearly as much as it would, IF Canada were not also madly fiat printing in order to keep $CDN low so that our exports remain "competetive", although, in the real world, why anyone would want $US (a promise to pay, made by a rogue, criminal government) is beyond me (and, wisely, the Conservative government is seeking to expand trading relationships).
Our export industries are demanding a lower $CDN, but our central bank (assuming some independence) is walking a fine line between political and REAL considerations.
Watching the exchange rate as a function of time shows evidence of "walking this fine line", a balancing act, which, if continued, will also push Canada over the tipping point to a currency with "no value".
I suggest y'all watch your currency exchange rates vis a vis $US, overlaid by poiltical "events" and form your own conclusions regarding the fiscal independence of your currencies.
And, since currency debasement IS FRAUD, theft of wealth from the productive, the grim reapeer of "Mathematics of Rule" (reality) has, is, and will always have the final say:
Click to view link
... as Scarlet Ohara stated, "fiddle dee, tomorrow is another day", to be dealt with by others.