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The Evolution Of US And UK Central Banking: An Infographic

Tyler Durden's picture




 

Investors once knew: Focusing on assets without understanding monetary matters can get you into trouble. They have since forgotten this. Ironically, then, there’s great value in remembering it. As “Vermont Ruminator”, Humphrey B. Neill, wrote in The Art of Contrary Thinking:

[Money] is a study in itself and one which still confuses the great minds of the world...

 

...because monetary problems are not comprehended by the public or by the average businessman, “money management” will continually cross up public opinions concerning economic trends...

 

...If you make it a point to become posted on some of the more common practices of monetary management you will …be able to discern trends that are opposite to those commonly discussed...

This addogram delves into the evolution of the two most prominent reserve currencies of the past 350 years: The pound sterling and the dollar.

It features visualizations of a collection of extremely rare (if not entirely unique) data-sets. The Bank of England’s assets and liabilities since Robert Peel’s Bank Act of 1844 (monthly). And the Federal Reserve System’s assets and liabilities since shortly after its creation (weekly). The yield, equity index and gold price section goes back as far as 1840. This pairing of comprehensive monetary and asset price data gives the addogram an intensely practical feel.

 

Click chart below for huge version...

 

Click here for zoomable super hi-res version

 

Put this on your wall and you’ll soon be operating from a 400-year context of price and monetary history.

Chart courtesy of Addogram

 

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Mon, 12/03/2012 - 22:53 | 3031488 zorba THE GREEK
zorba THE GREEK's picture

Only gold and silver are real money.

Everything else is fiat crap.

Mon, 12/03/2012 - 23:05 | 3031519 flacon
flacon's picture

Ever since understanding money (hence economics) I've found it hard to form deep friendships with those who do not understand money. It's like they are living in a dream and I am only interacting with a partial human. 

Mon, 12/03/2012 - 23:08 | 3031525 markmotive
markmotive's picture

Money, get away
Get a good job with more pay
And your O.K.

Money, it's a gas
Grab that cash with both hands
And make a stash

New car, caviar, four star daydream
Think I'll buy me a football team

Money get back
I'm all right Jack
Keep your hands off my stack

 

http://www.planbeconomics.com/2012/12/03/money-pink-floyd/

Tue, 12/04/2012 - 08:03 | 3031891 GetZeeGold
GetZeeGold's picture

 

 

Go on.....take the money and run......son. Those cats make their living on other peoples taxes.

http://www.youtube.com/watch?v=M-vBd-r_Pww

 

Mon, 12/03/2012 - 23:07 | 3031528 The Navigator
The Navigator's picture

"only interacting with a partial human" ........... Zombies, man, they're Zombies who can't read and understand history or math.

Mon, 12/03/2012 - 23:13 | 3031547 flacon
flacon's picture

I'm afraid you're right. Keynes called them "Animal spirits" - and I agree, they act on animal instinct with no true understanding. 

Mon, 12/03/2012 - 23:22 | 3031565 dark pools of soros
dark pools of soros's picture

MUST HAVE CHEAP SEXY PANTIES

http://www.youtube.com/watch?v=6-saZ34qI2U

 

Mon, 12/03/2012 - 23:47 | 3031609 old naughty
old naughty's picture

Money is the currency of love...

To be replaced by gold.

Tue, 12/04/2012 - 00:28 | 3031669 SafelyGraze
SafelyGraze's picture

the fed got a slow start but then started kicking some serious ass, what with wwi and all that

which brokerages allow you to bet directly on CB balance sheet data? none of that indirect FX crap. just put money on "MBS + POMO > 50B".

oh wait. found it. http://en.wikipedia.org/wiki/Category:Betting_exchanges

 

Tue, 12/04/2012 - 00:36 | 3031668 Incubus
Incubus's picture

The same could be said about people who do not understand social systems, in general.

The Will to Ignorance is vital to the functioning of any primitive society.  Egocentricism aside, we are a primitive society in the grand scheme of things.  We refuse to mentally evolve; shackled by the unthinking that see with closed eyes.

We've just gone from mostly believing in religious things to social things. The ordained are those in suits; those who are baptized by fiat.

 

Partial humans.  You are correct.

It's a shame, really, because the first step to seeing things properly is to toss your need for a cultural-social-identity crutch out the window.

All the world's society is but pretend-play.  The only thing that keeps change from happening is faith in the pseudo-objective social construction of "you" and "I."

 

Tue, 12/04/2012 - 12:53 | 3032699 socalat_Kruger's
socalat_Kruger's's picture

deep, but you can't just take the red pill, you need fiat to live.

Tue, 12/04/2012 - 03:31 | 3031781 chalcedonite
chalcedonite's picture

I don't know...  I don't feel so bold about it...  The more I learn the more epistemological self-consciousness I have.  It makes me wonder what is really going on and aware of the fact that I will never fully know.  All we like sheep have gone astray; we have turned every one to his own way; and the LORD hath laid on him the iniquity of us all. Isaiah 53:6

Tue, 12/04/2012 - 12:04 | 3032552 HeatMiser
HeatMiser's picture

Makes your face hurt.

Tue, 12/04/2012 - 06:41 | 3031834 Radical Marijuana
Radical Marijuana's picture

zorba:

ALL money is fiat, and the only way we agreed upon what "money" will be is through violence resolving our conflicts.

This chart shows the overall exponential growth, from 1970 to now! Both are picking up speed, whereby, both in the USA and in the UK, all the debts of current governments are double all preceding ones! Ideas of going back to old-fashioned notions about money are too little, too late. We are already too deep into global electronic fiat money frauds, backed up by atomic bombs! We only can have gold or silver as "money" after we have an established equilibrium of lies and violence, called the "rule of law." There is no way to avoid the fundamental paradoxes of enforcement regarding that rule of law. Our current monetary system is a state religion, but going backwards to previous versions of those religions are no longer possible.

If one looks at the ancient Greek monetary history, and the early American monetary history, one will see that gold and silver money was backed by laws that would impose the death penalty on fraudulence in that money supply! IT IS ALWAYS THE TRUTH THAT MONEY IS BACKED BY MURDER. That was originally true about gold and silver money, and it is actually what is behind the USA and UK fiat money, since those were backed by the sovereign powers of those government to tax, and to kill those who resisted being taxed. The idea that gold and silver money is better is mistaken. The only better money must be based on better murder.

Mon, 12/03/2012 - 23:02 | 3031517 Ookspay
Ookspay's picture

Money is the tender trap that makes us feel less like slaves.

Mon, 12/03/2012 - 23:25 | 3031568 dark pools of soros
dark pools of soros's picture

and when we have too much we overspend to feel the cool comfort of our chains again

Mon, 12/03/2012 - 23:06 | 3031527 BigDuke6
BigDuke6's picture

PM's are addicted to QE too.

its an uncomfortable fact and i say this as someone long gold big time.

Mon, 12/03/2012 - 23:13 | 3031548 akak
akak's picture

I would tend to agree, yet one then has to ask what was driving the price of gold upward prior to the advent of the QE programs.

Tue, 12/04/2012 - 00:07 | 3031646 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yeah that's bullshit BigDuke.  Gold bottomed before equities during the Fall of '08 into the Spring of '09.  It does great in deflation.

Tue, 12/04/2012 - 01:16 | 3031703 BigDuke6
BigDuke6's picture

It does ok in deflation.

Not great , but it doesn't tank.

Mr LH - if you wanna be another ZH gold 'will never go down' monkey thats cool for you.

But i'll be waiting for the xmas/ny drop as usual to top up.

i'm not buying just now.

 

Mon, 12/03/2012 - 23:16 | 3031552 LetThemEatRand
LetThemEatRand's picture

PM's are addicted to QE because they are priced in fiat, and fiat buys bread, labor, cars, houses, etc.  If the day ever comes where widely circulated currencies do not buy the necessities without several zeros attached to the end (hard to imagine to any living human outside of a few countries that have experienced massive fiat debasement), the relationship between PM's and fiat (QE is fiat) will be meaningless.  The question is and has been for decades whether the day will come in our lifetimes that fiat loses its purchasing power for the average person to the extent that something else is needed.

Mon, 12/03/2012 - 23:39 | 3031595 BigDuke6
BigDuke6's picture

Absolutely

'The question is and has been for decades whether the day will come in our lifetimes that fiat loses its purchasing power for the average person to the extent that something else is needed.'

This is the crux. To go go balls deep into gold while you wait is hairy.

I'm moving house just now and shifting the gold is a pain in the neck.

The can can be kicked along the road for a long time.

i've thought that ZH could help me with knowing how long for but as time goes by i think gut instinct will be more important.

Tue, 12/04/2012 - 01:47 | 3031721 Real Estate Geek
Real Estate Geek's picture

I'm moving house just now and shifting the gold is a pain in the neck.

I wish I had that problem.

Tue, 12/04/2012 - 04:20 | 3031798 Likstane
Likstane's picture

Stackin' ain't easy

Tue, 12/04/2012 - 08:29 | 3031916 GetZeeGold
GetZeeGold's picture

 

 

and fiat buys bread

 

It don't in Zimbabwe bitch.

Tue, 12/04/2012 - 00:14 | 3031654 mayhem_korner
mayhem_korner's picture

 

 

The relationship of PMs to fiat is already meaningless to those who understand preservation of purchasing power.  That's why those of us who hold PMs never worry about the so-called "price".  The only ones who fret over the "price" of gold are those who are still wed to the notion that fiat-denominated prices will persist indefinitely.

Tue, 12/04/2012 - 02:49 | 3031760 zhandax
zhandax's picture

Except that how many ounces you can buy a week from Thursday is currently a function of the fiat price.  Some of us, using one or more forms of analysis, may project that the fiat price will be lower two weeks from Thursday and decide to wait to buy.  Embedded in this decision is the assumption that the currency will not collapse this month.  One of these days, that will be a faulty assumption, but look at how many more ounces can be accumulated until the first time that occurs (assuming the analysis is worth a shit).

Tue, 12/04/2012 - 03:24 | 3031777 AgShaman
AgShaman's picture

exchange rate.....not price

"Price" implies that a tribute be exacted for the purchase of a collectible

This is nonsense. Gold is going tier 1....it is money. Switching out, from a "reservation" on the Titanic will not be constrained by "price fixing" much longer.

Shock induced most likely....but PM's will be going mainstream. The herd will need to get involved for the last phase, and provide the fuel for the mania.

Tue, 12/04/2012 - 06:41 | 3031848 Urban Redneck
Urban Redneck's picture

But there is NO GAIN and NO PROFIT in the preservation of purchasing power.

Most people have too much "investment" and not enough "savings" but there is a point at which "savings" become excessive (and exceedingly non-productive) if there is no diversification into "investment"

One can simultaneously have savings in PMs, investments in PMs & PM proxies & derivatives, and hedges against those open investment positions-  at which point the price of PMs is very important (just not to the savings component).

 

 

Tue, 12/04/2012 - 00:15 | 3031655 mayhem_korner
mayhem_korner's picture

 dupe, sorry.

Tue, 12/04/2012 - 00:16 | 3031659 FreedomGuy
FreedomGuy's picture

Things can be priced in PM's. However, any currency that fails will probably be immediately replaced by a new one. New marks vs old marks. New peso's vs old and last, new dollars versu old. It will start all over again.

I love the utter simplicity of PM's. It is like economic art. You cannot manipulate exchange rates. No one in China will give you six one ounce Pandas for one gold eagle. It's one to one and the difference is what an ounce of gold will buy you in both countries. PM's are an economic Rosetta Stone. I can lift up an ounce of silver or gold in any country in the world and point and barter. We may not even be able to speak.

 

Tue, 12/04/2012 - 08:58 | 3031959 DanDaley
DanDaley's picture

Just remember, boys and girls, something (gold, silver, fiat, beans, bullets, etc.) is only worth what you can get for it or what you can use it for.  What ever it is, sell dear, like a good lookin' virgin.

Tue, 12/04/2012 - 00:20 | 3031661 mayhem_korner
mayhem_korner's picture

 Big Duke..

 

What about the argument that the QE liquidity overflow is enabling EFT (paper) gold to be purchased by the mitt-ful, effectively diluting what the "price" of the underlying physical PMs should be?  That would suggest that QE is, for now, supressing the "price" of PMs.

Tue, 12/04/2012 - 02:07 | 3031734 BigDuke6
BigDuke6's picture

Everytwat is suppressing PM's.

And they r doing a frustating job of it.

i'm too impatient i know

Tue, 12/04/2012 - 10:16 | 3032223 marathonman
marathonman's picture

The Squid will get a big chunk of your stack as 'capital gains' if you ever convert it to FRN's.  Heads they win.  Tails you lose. 

Mon, 12/03/2012 - 23:12 | 3031537 reader2010
reader2010's picture

Holy Shit. That's the best pussy I've ever seen. The porn says all the orgies got started on Jekyll Island. Its gonna end in both tears and blood for sure.

Tue, 12/04/2012 - 06:56 | 3031855 Urban Redneck
Urban Redneck's picture

I prefer source documents - Aldrich's National Monetary Commission report of 1910.

The Latin Monetary Union and the opportunities for centralizing (in their mind private) fiat note issuance under a gold standard, which are so greatly expanded when the constraints of said gold standard are discarded...

http://fraser.stlouisfed.org/docs/historical/nmc/nmc_401_1910.pdf

Tue, 12/04/2012 - 07:11 | 3031860 Ghordius
Ghordius's picture

excellent and interesting document about how the FED ended to be a (imo bad) copy of the Swiss National Bank, which in turn was engaged at that time in the Latin Monetary Union - which standardized the gold coins of that epoch

What's your take on this? I find your comment a bit cryptic

I usually point out that the SNB is owned mostly by the State Banks (Banques Cantonales) which are mostly owned by the Swiss States (Cantons), often backed by them (a mere detail, in most of the times though it can be relevant at times) and that as such this looks as one of the better ways to set up a National Bank, to me

of course this leads in my mind to that other copy of the SNB, the ECB. I find most readers don't believe me when I point out that most european countries have National Banks instead of private Central Banks, and so the ECB has to be seen as a confederation of national banks

Tue, 12/04/2012 - 10:01 | 3032072 Urban Redneck
Urban Redneck's picture

I think most people aren't reading an analysis from 1910 with the mindset of the different challenges that the bankers faced in the early 20th century (albeit with the same greed they possess today).  The gold standard wasn't going away anytime soon back then (and how the money supply is controlled and expanded under a gold standard is different than today under a non-backed standard).  The US monetary system was on the one hand- supplied by gold mined out west, and on the other- converted to fiat to be loaned back east (or collected as tariff duties by the Federal Treasury).

I think the notion of diversification of ownership and risk within the Federal Reserve system was a triumph of marketing over substance.  Much like one can argue that the Canton of Uri and Urner Kantonalbank own shares of the SNB, and spread the risk & reward, but SNB control is centralized, and risk/reward is concentrated in ZH, BE, VD, SG and GE (although gold production is concentrated in TI & NE).

However, by creating a national syndicate, which maintains the appearance of a diversified and public-interest entity, but which was actually concentrated in NY and effectively controlled by a handful of private banks, they could prevent competition and reap a commensurate to out sized share of the rewards that accrued to the monopoly syndicate.

Where Switzerland had sovereign Cantons whose interests has to be taken into consideration (and compensated for the authority bestowed) the Civil War in the US half a century earlier had negated that concern in the US  (and even the necessity of involvement of state governments) if a new monopoly could be established under Federal authority.

Imitation is the sincerest form of flattery, but the Freaks of Jekyll Island covertly swapped their own interests for the public interest they espoused, through the delineation of design details outsiders don't bother with or have the expertise to fully comprehend.

 

Tue, 12/04/2012 - 12:00 | 3032542 Ghordius
Ghordius's picture

excellent analysis, and a succint one, too. you know what I find funny? by creating this NY-centered "leveraged control" system, the FED lacks one item that it's template SNB still has: an (intrinsic) interest to (shareholder) profit, i.e. doing a good job, in the capitalistic sense, when operating as a fiat currency provider (as you say, in 1910 the gold standard was a given)

I had a Russian friend (and historian) who would have said: "triumph of marketing over substance? you mean like the British against the German Empire?"

Wed, 12/05/2012 - 07:13 | 3034976 Urban Redneck
Urban Redneck's picture

I think the theory is more attractive than the practice, but then since

1) I have yet see Ben Bernanke publish a regular accounting of the toxic crap that FRBNY is protecting Citibank equity and debt holders from with taxpayer dollars; and
2) I have yet to hear Mary Schapiro ban Citibank from all acquisitions and financial "innovations" without prior approval from the SEC, and demand that Citibank strengthen both its balance sheet and liquidity above and beyond the requirements of Basel III.; and
3) I have yet to hear Timmy Geithner proclaim that thousands of Citibank layoffs are a good first step towards reducing Citibank from TBTF to a manageable risk, much less that Citibank should be monetizing their cherished NYC real estate to raise capital now.

It could be worse, my money could be in a US regulated bank, where Ben Bernanke would be debasing it with even less regard for the broader consequenses.

Tue, 12/04/2012 - 12:30 | 3032637 blunderdog
blunderdog's picture

     the Freaks of Jekyll Island covertly swapped their own interests for the public interest they espoused,

I think it's a mistake to presume it was a "covert" effort.  I think the Fed-disciples would actually say (and believe) that preserving a strong banking system is, IN ITSELF, in the public interest.

It's all fine and good to disagree, but the point is that you're not necessarily talking about people who are intentionally lying about what they do.

Wed, 12/05/2012 - 07:09 | 3034975 Urban Redneck
Urban Redneck's picture

There always concurrent and conflicting "truths" promoted in advancing the Big Lies, because of the buy-in required from disparate and competing interests in order to implement Big Change. This is what makes history so challenging to study, and leaves the vast majority so ignorant- because they tend to rely on lengthy textbooks which are actually no more sophisticated than Cliff's Notes, even if they are not intentional propaganda.  

1) The primacy of slavery or states' rights in the execution of the Civil War.
2) The primacy of free trade or energy security and continued US hegemony in GHWB & the NWO's pursuit of NAFTA
3) The competition between short term and medium term interests evident in the temporary truce between the conflicting interests of the globalists (internationalists) and the NWO in the 2007-2009 financial crisis. 

The aim of strengthening the banking system is an example of one of these conflicting truths. It was & is necessary for buy-in, both from participants and legislators, but that goal is contradicted by the lack of checks and balances specifically designed into the system, much less the impenetrable protections to the influence and control of the FRS by an oligarchy of banking interests through the executives they hire to manage the for-profit banks they control in NYC.

Mon, 12/03/2012 - 23:13 | 3031546 Fix It Again Timmy
Fix It Again Timmy's picture

Central banking - very bad juju.......

Mon, 12/03/2012 - 23:37 | 3031586 Sextus Empiricus
Sextus Empiricus's picture

Evolution... but not of the human race.

Central banking is like a spider that has years to weave a web.  The longer it's alive, the larger the web grows, and the more the spider can eat.

And you know how spiders like to eat.  First they pump you full of the stuff that liquifies, and then they suck the good stuff out.

Tue, 12/04/2012 - 06:48 | 3031852 e-recep
e-recep's picture

good analogy.... cheap credit being that solvent.

Mon, 12/03/2012 - 23:37 | 3031588 palmereldritch
palmereldritch's picture

I really thought a mapping of the Borg's DNA would have had a more decidedly occult image.

Mon, 12/03/2012 - 23:44 | 3031604 plata pura
plata pura's picture

the pamphlet entitled founding finance be a good read on the subject

Tue, 12/04/2012 - 00:03 | 3031637 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Hey, look at that, Krugman is right, debt does equal the money supply.

Tue, 12/04/2012 - 00:47 | 3031680 newengland
newengland's picture

Gotta love the fight club.

Facts and figures tell all that is worth knowing. I pity anyone who buys into the main scream media BS. They are supine, unable to protect themselves when the political and bankster class rob them in broad daylight...just as the founding fathers warned would happen if the people allowed private banks (the Fed) to issue money without restraint.

That two faced useless git Bill Clinton ended the Glass Steagall Act, and cavorts with his dumpy wife at the Kennedy Center when he ought to hide his lying face in shame.

There are two classes of people in the USA today: the political/banking class status quo ... and everyone else.

Buy physical gold and silver...and any other food or metal protection you deem necessary.

I find it cheering yet ominous that my neighbors are ready to revert to traditional New England ways of self sufficiency, and pity carpetbaggers and politicians of all colors.

It is our land and our neighbors. If the government or foreigners want it, then they can come and try to take it with their own hands. Their hands. 

Possession is nine tenths of the law.

Tue, 12/04/2012 - 07:30 | 3031872 AurorusBorealus
AurorusBorealus's picture

12 years ago, I remember travelling across the Appalachians (West Virginia) to an academic conference in Washington D.C. .  I came across a gas station, a very large building, too large to be a convenience store and gas station only, with about 50 cars in the parking lot.  It was on the top of a mountain off of I-70.  I entered and went down a long hallway toward the bathrooms and passed a large classroom.  In it, a man, dressed in military fatigues, was giving a speech to about 50 other men in military fatigues.  The wall behind the speaker was a map of the United States with pins in it: many pins of 2 or 3 different colors.  On either side of the speaker were flags: a flag of a United States, a flag of a local militia, and a flag for the local national guard unit.

I knew something of the militia movement in the U.S. because a former Ph.D. grad student whom I had met several times had written a dissertation on militias in the U.S. and gone on to spy on militias for the government.  It dawned on me, at that moment, that the militias and the national guard units largely overlapped and were much more organized than nearly everyone had realized.  For this reason, the government was hiring people to spy on the militia (like my acquaintance).  About a month later, Bush II became president of the United States.  His first public appearance after his inauguration was in front of a national guard or reserve military unit (I forget), where he announced pay raises for the military.  I remember thinking, "how clever... this nation is on the verge of revolt... he is trying to buy back the loyalty of the non-core military."

  Several months later 9/11 passed.  Revolt was put aside as the nation rallied behind the flag: and all the while the government built up its anti-insurgency capabilities using the attacks of 9/11 as a cover.  And all the while, the militias wilted.  The tide has turned much in the past 12 years in favor of the government as more and more secret policing powers are created to monitor the loyalty of the civilian and military populations... time is not in favor of the potential insurgents.

Tue, 12/04/2012 - 01:14 | 3031699 bankerbackbacon
bankerbackbacon's picture

Debt free, silver pegged (not gold), money printing with only the continuation of local State and/or Provincial credit unions.

Fed, and too big to fail incest banks become shelters for the homeless and scenes of wrongs made right.

There must be banker back bacon before that happens. The riot must happen in the Rothschild house, the Rockefellar home, and the New York fed office, not some fucking field.

The Arabs know how to start a good riot. Where's the million man march now? Things are about to go event horizon.

 

Tue, 12/04/2012 - 01:43 | 3031714 newengland
newengland's picture

I wish no harm on anyone, but others ought to remember: do not tread on me or mine.

My people made the first revolution in this country,  and it was very effective. I am mortified that people vote for slavery.

We are fed up, again. 

Best wishes to you and yours. 

Here, we stand. No surrender.

Tue, 12/04/2012 - 02:01 | 3031731 Pseudo Anonym
Pseudo Anonym's picture

the current fiasco started by the take-over of central banking by hofjuden, i.e. the Rothschild's establishing BOE and making debt slaves out of free will men

Tue, 12/04/2012 - 02:37 | 3031737 newengland
newengland's picture

Insane inbred Zionists hate jew,christian and anyone else equally. They come from a war tribe, the AshkeNAZI of Russia after they were driven out of central Asia.

It's a weird story but accurate. Zionists are not true jews of the Tora, the pre-christians. They are a war tribe, thrown out of every country they inhabited and their founder chose talmudism.

There was no Zionism when the first jews came to the USA in the 1700s, and assisted George Washington etc.

The hofjuden are a hateful warring tribe whose ruler was so disgusted with them that he wanted to bring them under some control. He chose judaism after considering whether to be christian or moslem. Zionists are inbred hateful freaks. Not jew. Not christian. Not humane.

No wonder they rule modern central banks, and bribed political pets, and wage endless useless war for their own amusement and enrichment.

Major Democrat funder George Soros survived the Holocaust because his own father handed him over to a Nazi...Nazis funded by Zionists.

I take these matters seriously because Zionists and Islamists are a threat to my homeland, the Constitution and Declaration of Independence which is home to anyone who supports our ideals  - the meritocracy, not the old world monarchy or war machine.

Tue, 12/04/2012 - 08:01 | 3031841 Radical Marijuana
Radical Marijuana's picture

Well, newengland, that was only part of the story, and too over-simplified.

The top carnivores in human ecology are much more diverse, and furthermore, no longer relevant, except as an archaeology, to understand how those systems evolved, and gradually became the runaway absurd insanities that they are today.

While, today, the biggest banks dominate the ownership of almost everything, HOWEVER, the biggest banks are overwhelmingly owned by hundreds of thousands of government mandated funds. There is now an ouroboros of incorporated robbery. Sure, there were certain lines of intertwining genetics and culture, that made and maintained the social systems that we live in today. That system was basically lots of Zombie Sheeple, and relatively few Vicious Wolves. However, IN FACT, the governments that chartered the banks, that took control of governments, were, in turn, bought by government mandated funds, and so the whole thing is now an incestuous spiral, of professional money managers, twirling around, chasing their own tails, as the numbers on the computer screens control their behaviours, in ways that are increasingly insane, because those numbers are nuts.

Anyway, it is not who they are, but what they did. To focus on who they are is mistaken. What matters is what they did! What they did was create a system that became astronomically amplified, far, far, far beyond them! "They" no longer comprehend, and therefore, cannot control, what that overall system is doing anymore.

Your analysis of history is partially correct. However, things are changing at an exponential rate, and what you are saying is already obsolete. There was clearly a history of international banksters, behind both the UK and USA central banking systems, with their fractional reserve debt engines. However, that is HISTORY. What is happening now is doubling and doubling, and therefore, running away from its own history faster and faster!!!

It is more important to understand what they did, than who they are, because what is theoretically necessary is to do what they did better than they did. However, by the time that happens, the world may well be run by cyborgs, or something like that, if we survive, rather than by any old-fashioned kinds of ruling elites.

Tue, 12/04/2012 - 12:42 | 3032673 socalat_Kruger's
socalat_Kruger's's picture

totally. it is the system, not individuals. what is the system up to? it's not selfaware, ut just like any simple organism, you don't need to be aware to have a plan.. it will probably use cyborgs for information processing at central nodes depending if Strong AI continues to go nowhere.

people like assange and a lot of this forum's participants like the allegory of a powerful corporate/military/financial elite secretely controlling things.. but these are just subsystems. if you take out the conspiracy stuff all of the rest is true. society is becomming an orwellian distopia, all be it a comfortable one:

http://cryptome.org/2012/12/assange-crypto-arms.htm

Personally i think Keven Kelly does the best job of answering what the system is up to, embedded in his book:

http://en.wikipedia.org/wiki/What_Technology_Wants

Tue, 12/04/2012 - 14:56 | 3033145 Radical Marijuana
Radical Marijuana's picture

I had never heard of Keven Kelly's book before, however, I agree with the view that Kelly argues for, namely the existence of technology as the emerging seventh kingdom of life on earth.

Tue, 12/04/2012 - 02:47 | 3031758 TN Jed
TN Jed's picture

I like how the UK still calls the currency a Pound when a pound of Sterling will cost you 20% VAT.  Rubbing salt in the wound or what? At least we don't call the dollar an ounce. 

Tue, 12/04/2012 - 03:12 | 3031769 newengland
newengland's picture

The UK is a monarchy. Their people are subjects of the Crown, the Rothschild and Oppenheimer bankers who funded their colonial power.

Shhh. Don't tell the average Brit that Admiralty Law makes them debt slaves.

 

I am disgusted that my country is being similarly hijacked by Zionist lawyers, and their pets in politics, bureaucracy and academia.

They never gave up. They conspired against the new nation, and since  the Federal Reserve Act in 1913 which allowed private banks to issue paper money with impunity, they have ruined the Republic which they hate.

They want one thing: corporatism; the vile dominating compact between big state, biggest banks and biggest bribed companies.

That is not capitalism. That is not socialism. That is state terror to profit the few, the inner party, at the expense of the majority.

Tue, 12/04/2012 - 10:26 | 3032258 Sandmann
Sandmann's picture

The UK is a Constitutional Monarchy. Big difference. The Monarch has had to be approved by Parliament since 1689. We currently have a "Mother-President" who has no political power.  Newengland knows very little - he should read up on The Corporation of The CIty of London which holds the Ring that Binds Them All and has done for over 900 years .

While Halfwits read Dan Brown fiction Reality continues with The London Corporation operating in the shadows and running the global financial system

Tue, 12/04/2012 - 03:10 | 3031770 TN Jed
TN Jed's picture

My conversions may be off but... one pound (12 oz) of sterling will cost you 231 Pounds Sterling.  Confused?  Weigh yourself in stones and get back to me, we have taels to tender.  Queen's English?  More like BOE's English!

Tue, 12/04/2012 - 03:24 | 3031775 newengland
newengland's picture

BOE's lies.

The BOE is senior to the Fed.

Their death cannot come soon enough, in my opinion. They made the Civil War, and set us against each other. 

Now, they are doing the same in a different way. Stay close to home, compatriot. Let the Feds feast on their own corpse.

Tue, 12/04/2012 - 03:48 | 3031789 Sandmann
Sandmann's picture

It is called POUND because in Anglo-Saxon England 240 Silver Pennies weighed One Pound........and until our dimwit politicians debased our currency we had 240 pennies in One Pound and 20 Shillings and 4 Crowns and 8 Half-Crowns and 10 Florins in One Pound

Tue, 12/04/2012 - 03:45 | 3031786 Sandmann
Sandmann's picture

Twentieth Century War is what made Central Bankers masters of monetary mayhem buying munitions and steel by mortgaging future production from machinery not yet installed and workers killed in action. Shellshocked populations ccepted The State as the New Helmsman as that was the Spirit of the New Socialist Age.......and so it became the New Order of Ever Expanding State and Ever Compliant Citizen/Subject

Tue, 12/04/2012 - 04:36 | 3031804 besnook
besnook's picture

there is plenty of time. the curve is not vertical yet.

 

Tue, 12/04/2012 - 04:45 | 3031807 Super Broccoli
Super Broccoli's picture

"Focusing on assets without understanding monetary matters can get you into trouble".

And what about "focusing on monetary policies without understanding assets can get you into trouble" :-)

Tue, 12/04/2012 - 04:56 | 3031811 Kiwi Pete
Kiwi Pete's picture

I'd like to see those graphs with the scale set at a constant level. That would really show how screwed up things have got. The curve would look vertical then.

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