News & Analysis
Coordinated Central Bank Rescue: The Smell of Money
Central Banks Take Joint Action to Ease Debt Crisis ... The Federal Reserve moved Wednesday with other major central banks to buttress the financial system by increasing the availability of dollars outside the United States, reflecting growing concern about the fallout of the European debt crisis. The banks announced that they would slash by roughly half the cost of an existing program under which banks in foreign countries can borrow dollars from their own central banks, which in turn get those dollars from the Fed. The banks also said that loans will be available until February 2013, extending a previous endpoint of August 2012. "The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity," the banks said in a statement. – NY Times
Dominant Social Theme: Thank goodness the cavalry is here.
Free-Market Analysis: This is, of course, the Anglosphere power elite's fundamental dominant social theme. Our Money Power is good and we use it wisely and well on YOUR behalf. The "system" cannot be allowed to falter or fail. Not an inch of it. Of course, we ask, "Whose system is it, exactly?"
It is not the system of about three billion people who live, around the world, on a dollar a day. It is not the system of homeless people in the West. It is not the system of a hungry child. It is not the system of a Latino day-worker. It is not the system of the beret-clad performance artist in Greenwich Village. It is not even the system of a US Marine fighting in Afghanistan.
It a system that is of peculiar benefit to the elites. They own it. They run it. They utilize its awesome power as necessary. How can one doubt the existence of a power elite when one watches the sort of spectacle described above by the New York Times (see excerpt)? Here's some more:
On Wall Street, stocks raced ahead at the 9:30 a.m. start of trading in New York, an hour and a half after the announcement by the central banks. The Standard & Poor's 500-stock index, a measure of the broad market, rose 3.2 percent; European markets were up almost 4 percent in late trading. The participants in addition to the Fed were the Bank of England, the European Central Bank, the Bank of Japan, the Bank of Canada and the Swiss National Bank.
The move made clear that regulators increasingly are concerned about the strain that the European debt crisis is placing on financial companies. European banks in particular are facing difficulty in borrowing through normal channels the money that they need to fund their obligations.
The cost for European banks to borrow in dollars in the open market has climbed to the highest level in three years, and the European Central Bank borrowed $552 million from the Fed last week to meet the rising demand for dollars from European banks. That brought the value of the Fed's outstanding currency loans to $2.4 billion, all to the E.C.B. except $100 million on loan to the Bank of Japan.
The Fed's vice chair, Janet Yellen, underscored "the urgency of strengthened international policy cooperation" in a speech Tuesday in San Francisco in which she said that "the global economy is facing critical challenges."
The system is NOT facing critical challenges. The power elite's cobbled-up, jury-rigged system of central banks IS facing a critical challenge. That's what happens when you print money-from-nothing year after year. Eventually you distort the larger economy so much that it implodes. The world seems to be going through such an implosion right now.
There is only so long you can keep the balls in the air before the Invisible Hand knocks them away. So what's the solution? The elites print more money-from-nothing to try to start the juggling act once again. But after you a point you're going to run out of balls and time.
The stock market, we're told, "soared" after this latest intervention. How can anybody at this point make the case that the world's larger stock markets are anything other than vehicles that respond to a small group of powerful men and women that prints money at will. This isn't capitalism we've got – it's mercantilism.
The small handful of seemingly impossibly wealthy families that run the world's central banks (and its governments as well) want us to believe all this intervention is for the sake of "us." But do people really have a stake in this system as it is?
It is hardly a system. It is a kind of global command-and-control economy that masquerades as a "free market" when it is nothing of the sort. It is a system that penalizes billions so a few can keep control of it.
It is a system that produces an artificial business cycle that bankrupts small businesses and snatches homes from families that don't have the funds to keep afloat in the bad times. It is a system that first encourages one to borrow depreciating paper dollars and then threatens one with starvation once that "money" is gone and the cycle has turned.
The powers-that-be are not "saving" the system. They are merely trying to keep it afloat as they ready themselves for the final gambit that will apparently result in a new world order. It entails risks, of course, because significant chaos must be introduced into the system in order to produce the appropriate output.
This is what is being done now. As the system deteriorates, the elites continually consolidate. This sort of central banking coordination is unheard of. Who is organizing it? When did the talks take place to authorize it? Did you participate? We certainly didn't. No one called us.
World government is being erected as we write. The great Money Power is steadily drawing together the strands of control under the guise of salvaging the system. It is not, however, a system worth salvaging and, in fact, all the money printing in the world won't save it.
This is why these moves, as trumpeted enthusiastically by 10,000 mainstream media outlets today won't be the last of it. The elites KNOW the system is collapsing and these are only stopgap measures. We think the next stop on the salvation train is that tiny little three-letter word so beloved of the elites ...
WAR ...
We've continually predicted that what we call the Internet Reformation is changing the context of elite power. It is hard to manipulate the world using fear-based promotions when so many people have discovered what you're doing.
As a result, many promotions that the elites have counted on are not working so well right now, especially scarcity promotions such as global warming and Peak Oil. We have noticed as a result a resorting to "hard power" – police actions, Draconian laws, etc., all designed to intimidate people into staying in line while the links of global governance are forged around them.
Will it work? It is difficult to force seven billion people to do something if they understand they are being pushed in a direction that they don't want to go.
But the elites don't give up very easily. They're used to power and believe it is their right. As a result, they keep trying new tactics, new false flags, new confusions. They have whole corporations like Tavistock devoted to churning out these memes.
But communication revolutions are powerful events. Even transfiguring ones. What happened with the Gutenberg Press so long ago is taking place now as well, we figure. All the false-flag protests in the world won't stop it, or even get ahead of it.
For this reason, we figure the next gambit is all-out war of some sort. That's why we can't get too worked up over this latest coordinated central bank monetary giveaway. A lot of people may be popping champagne corks right now. Not us. We try not to fool ourselves about these things.
Conclusion: We smell blood and decay. That's the system rotting. And maybe, sooner or later, more young corpses.
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Posted by Nanoo Visitor on 12/11/11 06:16 PM
For another whiff, "Throw Them All Out", book by Peter Schweizer, which 60 Minutes seems to have based their "Insiders" segment on, 13Nov2011. For a few book excerpts:
Click to view link
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Posted by amanfromMars on 12/02/11 11:28 AM
I think Mr Jeremy Clarkson has the right idea for any and all those individuals who think that going to war in even a vague Hague type intervention is the answer to anything ... ... ... 'I'd have them all shot. I would take them outside and execute them in front of their families,' ... .. and that would very soon stop any of that old nonsense being thought of by anyone else as being a smart move. Quite why idiot politicians and diplomats and wannabe straight kinda guy leaders think that targeting for death and destruction with collateral damage, innocent and ignorant civilians and accommodating infrastructure in a country, whenever it is only their counterparts in other parts who they are trying to force to bend to their will, is a good plan, is a mystery which can only be answered with the thought that to have such individuality targeted would always place them, the pontificating warmongers in armchairs well behind any enemy lines, legitimate targets for whatever should happen to pontification warmongers to ensure that they are never ever a danger to societies again. Which is a much better idea than having nations impoverished and crippled on the whim of any thinking themselves clever but acting like an idiot with psychotic and sociopathic tendencies ... ... . troubled conflicted souls in need of therapy and medication. :-) and a good shack, although I suppose that is the problem, they are useless in intimate spaces.
I trust that is not ambiguous. I tried my very best to make sure it is simply written to be easily understood by even the slowest of wits.
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Posted by whatevertrevor on 12/02/11 09:52 AM
They'll be no war, at least no world war. Who will fight it? Will you?
How many people on this forum would like to go to a foreign land and try to blow someone's brains out and avoid getting their brains blown out at the same time? Any takers? No?
Or how about putting your best friend's guts back into his body from a shrapnel wound? What no takers? Why not? Sounds like fun no?
The last time a draft was able to have been successful was the Vietnam War and that was only partially successful and the resultant "troops" partially effective.
For that reason alone, there will be no world war, forget it.
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Posted by amanfromMars on 12/01/11 02:15 PM
And it is not even currency they are dealing in, it is just figures being massaged in accounts ... ...
[blockquote]On the night of December 23, 1913, the U.S. Congress committed perhaps the greatest act of treason in history. It surrendered the nation's sovereignty and sold the American people into slavery to bankers who proceeded to plunder, bankrupt, and conquer the nation with a money swindle.
The "money" the banks issue is merely bookkeeping entries. It cost them nothing and is not backed by their wealth, efforts, property, or risk. It is not redeemable except in more debt paper. The Federal Reserve Act forced us to pay compound interest on thin air.
We now use worthless "notes" backed by our own credit that we cannot own. From 1913 until 1933 the U.S. paid the "interest" with more and more gold. The structured inevitability soon transpired; the Treasury was empty, the debt was greater than ever, and the U.S. declared bankruptcy. In exchange for using notes belonging to bankers who create them out of nothing on our own credit, we are forced to repay in substance (labor, property, land, businesses, resources) in ever-increasing amounts. When a government goes bankrupt, it looses its sovereignty. In 1933 the U.S. declared bankruptcy, as expressed in Roosevelt's Executive Orders 6073, 6102, 6111, and 6260, House Joint Resolution 192 of June 5, 1933 confirmed in Perry v. U.S. (1935) 294 U.S. 330-381, 79 LEd 912, as well as 31 United States Code (USC) 5112, 5119 and 12 USC 95a. The bankrupt U.S. went into receivership, reorganized in favor of its creditors and new owners. The goal was, and is, to absorb America into a one-world private commercial government, a "New World Order." With the Erie RR v. Thompkins case of 1938 the Supreme Court confirmed their success; we are now in an international private commercial jurisdiction in colorable admiralty-maritime under the Law Merchant.[/blockquote]
Which is copied from a comment from Constitutional Crusader replying to this page …. Click to view link
That is how simple it is to create obscene artificial perceived wealth ... ... ... and to make yourself a billionaire ... ... .. have intelligence which is more valuable with it locked away in memory rather than freely sharing it to cause a perfect global storm with everyone knowing a cosmic secret and the key answer to everything, which maybe a few might know is worth the price paid for silence because of the certain chaos its knowledge would definitely cause.
Now that will mean nothing to a great many but it is only meant for a very fortunate few to act upon as is appropriate.
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Posted by amanfromMars on 12/01/11 09:26 AM
"For this reason, we figure the next gambit is all-out war of some sort. That's why we can't get too worked up over this latest coordinated central bank monetary giveaway. A lot of people may be popping champagne corks right now. Not us. We try not to fool ourselves about these things.
Conclusion: We smell blood and decay. That's the system rotting. And maybe, sooner or later, more young corpses."
That would be all-out civil war of some sort, DB, and probably with virtually unstoppable barrages and flash mob attacks on corrupt and inept systems of administration too, although that is more than likely to be the only weapons needed to be wielded to attain powerful control nowadays. Those kinetic death and destruction war games are so yesterday, man, and only for the truly psychotic and despotic war monger of a fool being used as an ignorant tool.
Here is one dude telling it like it is to the powers that would be, but who so clearly aren't and won't be ... ... . http://youtu.be/bdob6QRLRJU
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Posted by elray on 12/01/11 07:53 AM
I just saw this headline: "Gold to blame for Indian deficit", few details to be found but it did give me a chuckle for the morning. :-)
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Posted by elray on 12/01/11 07:44 AM
Talk about pigs at the trough, everyone's diving in to get some free USD's which brings to mind this from the Koran:
"Abu Huraira narrated that the Prophet said: A time will come upon the people when one will not care how one gains one's money, legally or illegally."
I suppose those "Times" come and go over history, the real question today is:
Do you Care?
War, well um, perhaps not if all goes to plan.
If the Elite get what they want, ie: control, then some "little wars" to keep the military machine running will be fine.
Reducing the majority to poverty in the West is almost a certainty. (99.999%)
Poor people work so much harder then rich people, so "They" get more return for their investment.
Confiscation of gold, in the usa, almost a certainty, patchy in the rest of the world?
To get this paper ball rolling again a gold backed fiat currency is required, at least that's the only way I would consider trusting "Them" again.
So You will be asked to "hand it over" to "Save" the country.
In the interim central banks are stocking up at controlled prices so as to be ready to receive their allotted "World Currency".
Click to view link
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Posted by William3 on 11/30/11 02:44 PM
Excellent article. Yes, it does appear the Central Banks and their controllers are acting like Global Government is already a fact. Who was consulted, indeed?
The year 2012 seems to be conveniently setting up for prophetic Mayan disasters and biblical Armageddon. The Master Manipulators may be smiling at how it's all coming together so well. But maybe not.
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Posted by Col on 11/30/11 01:34 PM
WAR,I think you are right, Briton, France & the USA seem hell bent starting war in the Middle East with Regime changes in Iran & Syria, Russia on the other hand has positioned a Fleet including it's Aircraft Carrier near Syrian Waters, the message to the West is clear, stay out of our Patch!
