Think the Fed’s QE1 and QE2 will cause hyper-inflation? I did, until I read Jeffrey Rogers Hummel’s recent paper “Ben Bernanke Versus Milton Friedman”. Bernanke is simply shuffling paper around to bail out his bankster buddies and he is doing it without increasing the money supply – despite popular belief.
As impressive as that is, there is a severe downside. The Fed-manufactured crises of 2008 has literally made them the economy’s central planners. Here is an excerpt from Hummel’s paper:
Under the old central planning—which performed so poorly in the Soviet Union, Communist China, and other command economies—the government attempted to manage production and the supply of goods and services. Under the new central planning, the Fed attempts to manage the financial system and the supply and allocation of credit.
But now with Bernanke, the central planning aspect of central banking has become far more encompassing. As George Selgin put it in an interview, “the Fed . . . has morphed into a central planning agency with a corporate welfare department.”
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Posted in abuse of power/corruption, Federal Reserve, fiat currency, government regulation, Obama Regime, politics, tagged bailout, banksters, Euro, Europe, globalists on May 13, 2010 |
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Robert Wenzel reports:
The heavyweights want a report from the Treasury Secretary, including David Rockefeller and Lynn Forester de Rothschild (Forester was introduced to soon to be husband, Sir Evelyn de Rothschild, by Henry Kissinger at the 1998 Bilderberg Group conference in Scotland. They spent their honeymoon at the White House.)
The Obama regime will likely be praised for their help in bailing out the EU, which is critical to the globalists. They will also probably be directed to continue the destruction of the dollar and U.S. economy so that the much delayed North American Union can finally be sold to the peasants.
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Posted in abuse of power/corruption, Federal Reserve, fiat currency, government regulation, Obama Regime, politics, tagged bailout, banksters, Euro, Europe, globalists, Greece on May 11, 2010 |
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Paul Joseph Watson reports:
Credibility in the agenda to impose global economic governance run by the Nazi-founded Bank for International Settlements rests in upholding confidence in the Euro. If the Euro collapses and ceases to exist, which many financial experts are now seriously predicting, then the entire raison d’être for centralized economic planning in pursuit of global governance will be completely discredited. The globalists must save the Euro in order to legitimize future plans for a North American Union single currency which will replace the dollar.
When the dollar sank to alarming lows against other global currencies little over two years ago, we saw none of the same concern or hand-wringing on behalf of the elite as we are seeing for the Euro. That’s because the survival of the dollar is not part of their framework of global economic governance. For all the elite cares, the dollar can crash and burn but rescuing the Euro from the same fate is imperative. Indeed, it appears as if the chaos in Greece is being deliberately provoked and hyped in order to justify the continued re-alignment and centralization of the entire financial system into fewer globalist hands.
It’s horribly ironic that the Euro, global economic governance, and the entire European project was sold under the justification that centralization meant stability, and yet now we are being told that the chaos in Greece is contagious and could spread to Spain, Portugal and Italy unless taxpayers are looted for billions and trillions more.
Which is why they are being bailed out. Conveniently, the bailout itself is a huge step towards a more centralized global economic system. I suspect the entire “crisis” was engineered for this purpose.
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