The Monarchs Of Money

Tyler Durden's picture

The world's central banks have printed unimaginable amounts of money in recent years - "these guys are really more powerful than the government." Neil Macdonald explores what this means for the global economy and for your financial well-being - "can you imagine if the American public knew there was this 'club' that met secretly in Switzerland and made decisions that dramatically affected their lives, but we're not going to tell you about it because it's too complicated." This brief documentary should open a few eyes to the reality behind the world's most powerful (and real) cabal.

 

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Ineverslice's picture

 

Yeah, me too. NY Times out w same article. I think the schedule is all set and in motion...I would wager $100 on 2-3 weeks. Gentlemen, what d'ya'all think?

IridiumRebel's picture

I said in a earlier post on another thread that Dow 15K was the trigger. Sick fucks.

Prometheus418's picture

No.  It's been going for a while- it's just starting to hit the 6 o'clock now.

 

TNTARG's picture

Let's lock them in while they're having one of those meetings in Switzerland.

By the way, what could be the explanation of poisening all the Middle East with depleted uranium and other beauties of the sort?

Are they planning not to travel through those areas for 200.000 years?

 

fiftybagger's picture

Like the way Jehu did it?

20 And Jehu said, Proclaim a solemn assembly for Baal. And they proclaimed it. 21 And Jehu sent through all Israel: and all the worshippers of Baal came, so that there was not a man left that came not. And they came into the house of Baal; and the house of Baal was full from one end to another. 22 And he said unto him that was over the vestry, Bring forth vestments for all the worshippers of Baal. And he brought them forth vestments. 23 And Jehu went, and Jehonadab the son of Rechab, into the house of Baal, and said unto the worshippers of Baal, Search, and look that there be here with you none of the servants of the LORD, but the worshippers of Baal only. 24 And when they went in to offer sacrifices and burnt offerings, Jehu appointed fourscore men without, and said, If any of the men whom I have brought into your hands escape, he that letteth him go, his life shall be for the life of him. 25 And it came to pass, as soon as he had made an end of offering the burnt offering, that Jehu said to the guard and to the captains, Go in, and slay them; let none come forth. And they smote them with the edge of the sword; and the guard and the captains cast them out, and went to the city of the house of Baal. 26 And they brought forth the images out of the house of Baal, and burned them. 27 And they brake down the image of Baal, and brake down the house of Baal, and made it a draught house unto this day. 28 Thus Jehu destroyed Baal out of Israel.

2 Kings 10
King James Bible

KickIce's picture

Once they removed the world currency from the gold standad they have pretty much operated without restriction as we now measure fiat vs fiat.  Bankers like to own gold but they don't like to be controlled by it.

yogibear's picture

Tell that to Germany that wants their gold back. 

Any country whic has their gold in the US want's it back.

Guess why? They fear the US government and Fed will just take it.

 

honestann's picture

politicians == consequences shifters
central bankers == consequences shifters

These cretins shift the positive consequences of productive work into the pockets of predators and parasites, and shift the negative consequences of predatory and parasitic actions onto producers.  It is obvious that this cannot continue indefinitely, as more and more producers intentionally shrug or buckle when the final straw is loaded on their backs, so the predators continue to establish a world-wide police state to protect themselves.

Unfortunately, virtually all human beings are completely brainwashed, braindead, and incapable of independent thought processes, even simple ones.  For example, consider this one.

Any human who cannot look straight in the face of any and every other human being on planet earth and clearly see someone in the exact same situation as himself (authority wise), is insane.  In other words, nobody on earth has authority over me, and I have no authority over anyone else.

Yet virtually the entire world has completely internalized the completely insane notion that some people have authority over them, and they have authority over others, even though this notion can be quite easily demonstated to be absurd, and even obvious, given just a little clear thought.

You come to exist by being born.  That is how all other humans came to exist.  The mere symmetry of this observation is sufficient to demonstrate that nobody else has any more basis to claim authority over you than you have to claim authority over them.  This is not rocket science, this is pre-first-grade common sense, and should remain common sense throughout a lifetime.  And this would remain clear if not for incessant mental abuse by parents, teachers, media-mouthpieces and other self-proclaimed (and widely-proclaimed) authorities... none of whom are authorities.  It is the classic case of "if you repeat a lie a sufficient number of times, humans will believe it, no matter how absurd is your lie".  Add to that endless pressure and punishment for refusing to acknowledge the authority of others over yourself over a childhood and subsequent life, and the braindamage is complete.  Clearly only an infintesimal smattering of human beings managed to hold onto their senses and see reality and human interactions for what they are.

Well, at this point, essentially the entire world of human beings is completely insane, and so even well-meaning presentations like this one assume and presume completely insane ideas, including "authority", and including the pretence that "governments" and "corporations" and "central banks" and other "organizations" actually exist.  Even though, as it turns out, fundamental law has correctly identified all organizations as "fictitious entities" for hundreds of years (yes, even though "law" is another pure fiction).  And in case you aren't sure about this, a "fiction" does not exist.  Examples: SantaClaus, any government, the federal reserve, the list is nearly endless.

So, what does exist?

the universe
predators-DBA-government
predators-DBA-corporations
predators-DBA-central-banks
parasites-DBA-enthusiastic-voters

... and finally, producers who create everything that predators and parasites demand, and that everyone (predators, parasites and producers) needs to survive, prosper and enjoy life a bit.  Never forget:

predators need producers, otherwise they starve to death
parasites need producers, otherwise they starve to death
producers gain zero benefit from predators or parasites

The honest producers are being crushed under the weight of the predators and parasites.  Why have the producers let things get so far out of whack, when everyone depends entirely on them?  Simple.  The producers need to focus most if not all the time and effort on reality to guide their actions and assure they are as productive and efficient as possible.  Meanwhile, the predators and parasites can spend full time dreaming up ways to steal from they producers without letting them catch on what suckers they are, or how craven and diabolical they are.  And do remember, the producers were driven insane in childhood too, so they're not especially well prepared to understand they're just prey to be consumed by human predators and parasites.

Will the producers wake up?  Extremely unlikely.  Not in sufficient numbers.  Almost certainly, humans are finished.  Humans probably could have amounted to more than a hill of beans in this universe, maybe even something spectacular, but instead flushed themselves down the toilet.  Too many sheeple-chimps, too little honesty, ethics, individualism, independence, benevolence.

auric1234's picture

Nice way to put it. But, does it take a book for that? Starving the monkeys is easy: live a frugal life. Work hard and keep saving as much as possible. Don't let them suck your blood (via paper ponzi schemes or whatever other means).

 

honestann's picture

Thank you.

But on second thought, what will it take?  Maybe some folks need some kind of nudge to get them rolling in the right direction.  Too little, too late, of course.

Anusocracy's picture

The vast majority of people carry most of the social baggage of millions of years of hominin evolution. Some of us don't.

For about 15 years I've thought that transhumanists are already here, and they exist on the autistic end of the human cognition spectrum.

Aurora Ex Machina's picture

Now that's an interesting comment. Autism is mostly a "male" expression - although this binary male / female thing is actually a lot muddier genetically, but ZH would probably implode if I suggested a spectrum. Or on a related note that historically many cultures have more than two genders, which is undergoing an interesting cultural revival in the USA (if filled with highly irritating and special snowflake proponents) but at least we're in the right ball park.

 

I'd put forward the thesis that it's perfectly possible to have the "asocial" benefits of autism without the negatives, and it already exists.

Anusocracy's picture

Certainly. The autistic spectrum is evolution trying to work its way out of the social brain.

In the process of doing so, it opened up the possibility of using the brain's massive power on things other than social calculations, things like engineering, art, mathematics, science, and thoughts of freedom from the tyranny of a rigid social order.

In other words, it created most of ZH's readers.

mkkby's picture

Good post, Honestann.  That is why I have so little respect for most Brits.  It certainly is insanity the way they worship that miserable royal family, simply because their ancestors beat and bullied everyone into obeying them.

alien-IQ's picture

Hey ZH...remember that story about Arizona passing a law making gold and silver legal tender? Well, here's the conclusion:

Arizona governor vetoes bill making gold, silver legal tender.

PHOENIX (Reuters) - Arizona Governor Jan Brewer vetoed a measure on Thursday that would have made gold and silver legal tender in the state, saying the legislation could have resulted in lost tax revenue.

The Republican-controlled state legislature voted through the measure last month in a response to what backers said was a lack of confidence in the international monetary system.

The bill called for Arizona to make gold and silver coins and bullion legal tender beginning in mid-2014, joining existing U.S. currency issued by the federal government.

"While I believe the concern over a devalued dollar as a result of an unsustainable federal deficit is justified, I am unable to support this legislation," Brewer, a Republican, said in an open letter to state Senate President Andy Biggs.

http://news.yahoo.com/arizona-governor-vetoes-bill-making-gold-silver-le...

resurger's picture

You cant be fucking serious ...

+1

Herd Redirection Committee's picture

Well, when they make the deck of cards, we have ourselves an Ace of Spades.

Crawdaddy's picture

The fix is in. The guys McCain works for have their people in place.

FeralSerf's picture

McCain works in the family business. His father and grandfather worked for the same cretins.

lolman's picture

not surprised

 

She is "chosen "

Unstable Condition's picture

Thanks for letting us know who you really work for, Jan...Ya Bitch.

JR's picture

In the exchange below, Carney presents a false choice: namely, present-day near zero interest rate where savers and retirees are being crucified as opposed to a made-up situation of historically high interest rates that are disasterous for the economy.

That is not the choice, of course. That is a deliberately false scenario.

For one thing, we don’t know the effect of rising interest rates dictated by the market. But we do know the result of artificially low negative interest rates; it is the transfer of wealth from the people who earned that value to the risk takers who didn’t—a definite moral hazard.

Equally objectionable is Carney’s definition of current central bank policy as accepted financial policy when it isn’t at all. It is highly controversial policy. And most people will agree it’s experimental policy and historically radical, never practiced on this scale before.

To imply that this is the normal way things are done today  as Carney does is bankster talk—banker propaganda.

Central bankers have taken the medium of exchange and now use it to back their Keynesian experimental policies. At the very least, it has been unsuccessful; at the most likely, it is causing permanent damage. And as a side issue, it is enriching far beyond historical levels the wealth of the people who are operating the policy.

These central bankers with their many connections to Goldman Sachs and the other private owners of the NY Fed are private businessmen whose business operations benefit from their decisions and their policy.

And it’s inescapable that they are using what they quantitatively ease (print) to steal the wealth of retirees, savers and investors who sought safe havens for their earnings and life’s work.

In short, the world no longer has a workable, equitable medium of exchange with which to conduct its business and in which to store its wealth.

_________________________________________

Transcript of Neil Macdonald’s interview with Mark Carney, who spent thirteen years with Goldman Sachs in its London, Tokyo, New York and Toronto offices*:

NM: Quantitative easing has disrupted pensions and  registered retirement savings plans (RRSP) worldwide and, of course, their payout.

Mark Carney has not ordered any money printing in Canada but he has kept interest rates down. And he defends what the other central bankers have done.

Carney: There’s no secret cabal here that is orchestrating things. This is monetary policy as it is conducted today.

NM: You can understand the anger of an older person who has been a saver or who has a pension who would draw a straight line from quantitative easing and lower interest rates to his or her  own decline in wealth and change in circumstances?

Carney: Absolutely. I can understand the frustration of that. Yes.

NM: But the question clearly is a sore point with Carney…

Carney: There is a logic to some of your questioning which is that wouldn’t it be better if interest rates were really high regardless of the consequences…you want to talk about unintended consequences..let me give you the intended consequences of that scenario which is let’s get interest rates back to historic levels so that the money you save ( Isn’t this all what you meant?)…the money you save and the return on that in your bank account is going to be commensurate with what you expected. And you have double digit unemployment in this country. You have hundreds of thousands of people losing their homes, their businesses  because we have deflation (sic).

NM: That in essence is the argument of all central bankers today, with all the consequences of quantitative easing the world would be a lot worse off without it and the people…just have to understand that their pain is part of the solution.

_________________________________________________

*”Carney worked on South Africa's post-apartheid venture into international bond markets, and was involved in Goldman's work with the 1998 Russian financial crisis. Goldman's role in the Russian crisis was criticized at the time because while the company was advising Russia it was simultaneously betting against the country's ability to repay its debt….

…Carney was chairman of the Bank for International Settlements' Committee on the Global Financial System from July 2010 until January 2012. Carney is also a member of the Group of Thirty, an international body of leading financiers and academics, and of the Foundation Board of the World Economic Forum.  In 2012, Carney attended the 59th Bilderberg Group meeting in St. Moritz & and 60th Bilderberg Group meeting in Chantilly, Virginia.”-- Wikipedia

Karl von Bahnhof's picture

Group of 30. There you are gettin close!

Lost Word's picture

Curious, I wonder how many of the Group of thirty are also Bilderberg ?

All ?

Cacete de Ouro's picture

Group of Thirty was a Rockefeller initiative, attributed to Geoffrey Bell, but you understand how the frontmen work I hope...

Crawdaddy's picture

To locate these monarchs, correlate address location use of electricity, gas, water, data, etc with Google maps. Just like war on drugs. From this point of view, they shine like diamonds. Run but no can hide. Lots of bad data out there to throw sniffers off the trail though.

polo007's picture

http://news.goldseek.com/GoldSeek/1367608346.php

Because of excessive government interference with interest rates, those desperate for income—including pension funds—have pushed prices of virtually all secure sources to nosebleed heights. When the Fed eventually does raise interest rates, the bond bubble will be pricked and the stampede to get out of bonds should be like a herd of elephants attempting to exit through a revolving door. What to do in such a bond market crisis? Aside from TDL's blue-chip recommendations, we always recommend dispersing assets in several "friendly" countries. Also, diversifying in golds and silvers, including Saint-Gaudens double-eagle gold coins, rather than just keeping capital entirely in fiat currencies.

The world is in what we call "The Second Great Depression," comparable with the first one, in the 1930s. As laid out in my final business book, "Goldbug!," doubling the money supply in 1922 to pay for World War I caused a great inflation that after 1929 was corrected by the First Great Depression, in the 1930s. The similar printing of enormous quantities of paper money, not backed by anything except more paper, has also resulted in the current Great Deflation, still deepening, worldwide. The soup kitchens of the 1930s have been replaced by food stamps, but the resemblance is not coincidental.

Realizing that Keynesian economics failed to end unemployment after the 1932 crash, until World War II began around 1940, enabled us to predict with specific clarity that it would not work these days either. Indeed. Historically, large quantities of printing-press money has failed to reduce the downward trend of Americans with jobs in recent years. Few believed our prediction of "The Coming End of the Age of Jobs," or that it would lead to "The Coming New Social Order," but it is already unfolding. Unemployment in Europe already ranges between 20% and 50%, depending.

It is difficult for investors to protect themselves in this situation, but we cover it as best we can. We have recommended blue-chip stocks that have a dividend yield higher than that of U.S. Treasury paper, because they are proxies for institutions seeking to park their cash in areas other than overpriced bonds. That should end when the Federal Reserve finally allows interest rates to rise, but its fanaticism in continuing to suppress rates despite the Keynesian method not working represents a triumph of hope over experience—and will not end well.

Especially shocking is the delusion that adding inflation to a deflation would somehow cancel each other out, but is in fact the futile attempt to cure a problem with its cause. Overprinting paper runs at increasing risk of an eructation of "hyperinflation"—please note it is a word not used anywhere in the mainstream press these days. Predicting a hyperinflation is so daring in today's environment that we might be mistaken, so we will have to get closer toward the end game to be more confident of it. We hope we are mistaken.

smartknowledgeu's picture

I've only watched three minutes of this vid and already found one HUGE lie. At 2:45 the narrator says "to be fair, the central bankers never asked for this immense power they exercise nowadays. Iit was thrust upon them in 2008 when the financial system collapsed." There is no BIGGER LIE than this statement. The whole purpose the house of Rothschilds, the Warburgs, the Rockefellers, the house of Morgan, et al invented the Central Banking system was to wield immense power over all capital and financial markets and enslave the people. Not to mentiont that Central Bankers deliberately created the 2008 economic collapse to SEIZE more power.

I'm always wary of any medium that weaves in immense lies with the truth, as this is often a favorite tactic of bankers to further weave their propaganda into the consciousness of the public debate. They merely spout the truth that has already been exposed but then weave in lies with their truth to keep people uneducated about reality. Don't know if this video continues to do this as I've only watched less than 5 minutes of it so far but as I said, it doesn't get off to a good start.

JR's picture

Yes! smartknowledgeu. "There is no BIGGER LIE"!

America lost her independence and Congress its sovereignty when the Federal Reserve Banks were opened for business on November 16, 1914 -- the day Paul Warburg celebrated the Fed banking cabal's freedom from all political control and representative government influence, on its way to total world power through eventual ownership of the world's reserve currency and protection from all competition:

“This date may be considered as the Fourth of July [for the international bankers] in the economic history of the United States.” -- Paul Warburg

“The Creature has grown large and powerful since since its conception on Jekyll Island.  It now roams across every continent and compels the masses to serve it, feed it, obey it, worship it.  If it is not slain, it will become our eternal lord and master.” – G. Edward Griffin, The Creature From Jekyll Island: A Second Look at the Federal Reserve.

Joseph Jones's picture

The jews who created this monsterous lie (money for nothing, chicks for free) are descendants of the Pharisees who murdered Christ, who later created the myth of "Judeo-Christianity," (term invented by a jew in FDR's State Dep. to inflame citizens to fight WW2...it worked)  "holocaustianity," and lies like "Jesus was a 'jew'."

Was there such thing as a "jew"/ in the 1st CAD?  How could there be a "jew" in the 1st CAD when the word "jew" did not exist till 1775AD?  (Argue with Oxford about this date, not me.)  The Greek word is Ioudious, not jew.

Lost Word's picture

I presume that you have never read a King James Bible.

The English word Jew is found in the King James Bible, circa 1603, and probably also in earlier English language Bibles.

Jew is merely an abbreviation of Judah.

Joseph Jones's picture

So you say.

Was there such thing as a "jew" in the 1st CAD?

As I wrote earlier you stupid idiot, liar, or both: Argue with Oxford, not me.

How does it feel being smarter than the authors of the Oxford Dictionary of the English Language, about 25 volumes? 

Regardless, you prove my point.  Per your post (wrong, BTW) the word jew did not exist prior to KJ Bible. 

Again, slowly this time for your melon head:

Was there such thing as a "jew" in the 1st CAD?  How can it be "yes" if the word "jew" did not yet exist?  In the 1st CAD was Jesus a "jew?"  If a word did not exist in Biblical times (you agree so far), the Bible can not be employed to support nor deny any meaning to the word.  As far as the Bible is concerned, there is sum total no significance, none, to the word "jew" because the word does not exist.  

Jesus was a Hebrew.  Jesus was "Ioudious" (Greek).  Saying Ioudious = Jew does not make it so. 

Rabbis maintain power by maintaining the myth of Biblical significance attached to the word "jew." 

 

 

 

 

 

 

 

 

Ranger4564's picture

You're absolutely right, which is why it is blatantly propaganda.

Crawdaddy's picture

Good catch SK and you are right. The CBs got exactly what they wanted. As planned.

 

Ocean22's picture

Great primer on fed reserve for those who need it.

http://www.youtube.com/watch?v=kadN7bzBGnQ

Whalley World's picture

What did youi just say!!!

As a canuck, i am speechless that this got onto our mainstream media.  think you will find this on msnbc ya hoser?

debtandtaxes's picture

I've always said:

At least in Canada we have more benevolent owners...."

NuYawkFrankie's picture

Re. The Monarchs Of Money

More like: The Motherf*ckers Of Mayhem

hooligan2009's picture

i posted this on the wrong thread (a bubble in safety) it looks like! here it is again:

 

central banks are attempting to reduce the risk of any and all investments. they expect that this can be accomplished by stabilising returns, in other words, reducing the volatility of returns (risk) across the entire economy. perhaps it was warranted by the financial crisis, but where is the crisis now? no banks are failing, all banks are funded by cnetral banks and have no need to trade with each other.

central bank actions now have little to nothing to do with a financial crisis and more to do with the morphing of capital markets failure into an economic crisis, i.e. central banks are papering over a depression in employment.

negative returns increase risk faster than positive returns. (ever wonder how a doubling of the stock market can result in option vols at lower levels than halving of the stock market?).

the suppression of risk is the path to communism/full state control and enables mobocracy (the creation of a numerically larger number of "voters" with diminished prospects and less and less money.

if the central banks treat a reduction of risk as a primary goal, only low risk/low return investments will be available. 

in a world without central banks, individuals assess the risk and demand the return. individuals would not lend money to projects without sufficient compensation for risk.

where the central banks suppress risk, individuals lose the right to demand a return. why do central banks think that it is "right" to force lending rates below the risk premia demanded for inflation and time? 

simple, because they are instructed what to do by politicians elected by the same people who have become disabled by the suppression of risk. 

 

 

to this I add the following bullets:

  1. central bankers are not omnipotent gods, they are ordinary people playing a game who are given far more credit (sic) than they deserve. 
  2. q/e is an experiment. an experiment that would be just as valid would be to do the exact opposite of what they have done and remove money from the banking system, away from those who abuse it.
  3. central banks are politicians with no mandate and are engaged in the redistribution of wealth that has been the preserve of elected politicians. politicians in a democracy have proven themselves pretty useless as well.
  4. q/e essentially swaps the borrowing cost of government debt for the zero coupon perpetual nature of a bank note, passing a direct subsidy to profligate, drunken sailor, governments. here's the rub..the government is the people, so any benefit to the government is a benefit to the people.
  5. government debt bought by central banks is a "book entry" akin to an intra governmental transfer and simply be cancelled by an exchange of letters between the treasury and the central bank. i mean really, come on, what's the point?

so there!

chindit13's picture

There are three kinds of people in major Central Banks and ruling bureaucracies like the EU.

The first, perhaps best exemplified by Ben Bernanke, are arrogant academics, embracers of tautology, whose models tell them that their models are correct.  They are never wrong; it is merely that sometimes the models need tweaking.  They will go to four decimal places when calculating, such is their misplaced confidence.

The second, best exemplified by the Eurocrats, are those who are enamored of the privilege and isolation of their position, which means they can discuss in a wholly statistical and unfeeling manner, the "necessary, but for the greater good" downside of their policies on the masses---comments which arise while they enjoy an expense account second bottle of '96 Chateau Lafite Rothschild with dinner, before retiring to their suite at the George V.

The third are those who know it has all gone horribly wrong, have nearly debilitating fear of the future, know the limitations of the first type above (the Bernankes), hate their colleagues of the second type, and for whom it takes all the courage and Stanislavski they can muster to put on a happy face when questioned in front of rolling cameras.  They are pressured to stand united and to refrain from going off message, lest there be "confusion".

There is no plan.  There is no control.  They are winging it.

hooligan2009's picture

quite right...they are winging it..mind you..if they had the answers for full employment, low dispersion of inflation in free markets and broad based economic growth, we wouldn't be having this conversation!

i have a prediction:

the next black swan will be prompted by the discovery of corruption at central banks.

we already know that politicians and the IMF are corrupt. the activities of certain cnetral bankers might be due to hit the blogosphere and the MSM. perhaps it is a direct link between Draghi and GS and Italian/Spanish/Irish/Portuguese central bank collusion in euro entry or number fudging by the French, the Dutch and the UK.

I still have trouble with the fact that the French heads of the IMF are sexual deviants or abusers of public funds for their own purposes. surely surely surely this is the abuse of power that cannot stand.

http://www.globalpost.com/dispatch/news/regions/europe/france/130320/imf-chief-christine-lagardes-house-raided-french-police

 

css1971's picture

What Carney doesn't point out is that with the deflation, the lost homes and the unemployment... The debts get written off. The debt is repudiated. It goes away, leaving credit circulating. This is what allows a recovery in the deranged monetary system we use today. Without the debt repudiation, there can be no recovery.

 

fiftybagger's picture

Mark Carney: "Ultimately history will judge whether we got this right"

Yes Mark, history will be your judge, as well as God.  You better start praying for a miracle now.

Karl von Bahnhof's picture

I would bet that this den of vipers will make nice part of real shareholders

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

hooligan2009's picture

for a long time, i thought that ability and leadership exhibited over many years was a way to prevent the stupid taking over.

what i see, for what it's worth, is a tremendous amount of effort and ability that is not being co-ordinated, led and controlled.

the house of lords is just one example of the assumption that a central spirit for the good of a country is no longer captured by the micro management of "right and wrong" but arrives piecemeal with too many unintended consequences, a lack of direction and, unfortunately, an increase in voter apathy and lethargy.

what the answer is, i'm stuffed if i know, but it surely has to revolve around something like hot housing a prototpe of projects by ALL (not just politicians) qualified/interested parties and judged, not by polticians (their role should be limited to reading the bills and making sure they are understandable and disseminated to their electorates) but by some advance on the judge and jury system used in criminal law.

i would hazard a guess (desparate hope!!) that the majpority politicians are not governed purely by dogma. in any event, ONLY 8% of spending is discretionary, the rest has been earmarked for decades to come.

so we have leadership elected by half of a 60% turnout, voting on discretionary spending of c. $3tn times 8% or $240 billion. 

this just ain't right and is not a democracy, but a sham and has occurred because there is insufficient quality of leadership emerging from the current democratic process.

 

venturen's picture

Carney is just another Manchurian from Goldman Sach. I apologized to any real Manchurians....I am sure you are much nice than anyone at Goldman.