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Paul Craig Roberts: Central Banks Have Become A Corrupting Force
Authored by Paul Craig Roberts and Dave Kranzler via PaulCraigRoberts.org,
Are we witnessing the corruption of central banks? Are we observing the money-creating powers of central banks being used to drive up prices in the stock market for the benefit of the mega-rich?
These questions came to mind when we learned that the central bank of Switzerland, the Swiss National Bank, purchased 3,300,000 shares of Apple stock in the first quarter of this year, adding 500,000 shares in the second quarter. Smart money would have been selling, not buying.
It turns out that the Swiss central bank, in addition to its Apple stock, holds very large equity positions, ranging from $250,000,000 to $637,000,000, in numerous US corporations — Exxon Mobil, Microsoft, Google, Johnson & Johnson, General Electric, Procter & Gamble, Verizon, AT&T, Pfizer, Chevron, Merck, Facebook, Pepsico, Coca Cola, Disney, Valeant, IBM, Gilead, Amazon.
Among this list of the Swiss central bank’s holdings are stocks which are responsible for more than 100% of the year-to-date rise in the S&P 500 prior to the latest sell-off.
What is going on here?
The purpose of central banks was to serve as a “lender of last resort” to commercial banks faced with a run on the bank by depositors demanding cash withdrawals of their deposits.
Banks would call in loans in an effort to raise cash to pay off depositors. Businesses would fail, and the banks would fail from their inability to pay depositors their money on demand.
As time passed, this rationale for a central bank was made redundant by government deposit insurance for bank depositors, and central banks found additional functions for their existence. The Federal Reserve, for example, under the Humphrey-Hawkins Act, is responsible for maintaining full employment and low inflation. By the time this legislation was passed, the worsening “Phillips Curve tradeoffs” between inflation and employment had made the goals inconsistent. The result was the introduction by the Reagan administration of the supply-side economic policy that cured the simultaneously rising inflation and unemployment.
Neither the Federal Reserve’s charter nor the Humphrey-Hawkins Act says that the Federal Reserve is supposed to stabilize the stock market by purchasing stocks. The Federal Reserve is supposed to buy and sell bonds in open market operations in order to encourage employment with lower interest rates or to restrict inflation with higher interest rates.
If central banks purchase stocks in order to support equity prices, what is the point of having a stock market? The central bank’s ability to create money to support stock prices negates the price discovery function of the stock market.
The problem with central banks is that humans are fallible, including the chairman of the Federal Reserve Board and all the board members and staff. Nobel prize-winner Milton Friedman and Anna Schwartz established that the Great Depression was the consequence of the failure of the Federal Reserve to expand monetary policy sufficiently to offset the restriction of the money supply due to bank failure. When a bank failed in the pre-deposit insurance era, the money supply would shrink by the amount of the bank’s deposits. During the Great Depression, thousands of banks failed, wiping out the purchasing power of millions of Americans and the credit creating power of thousands of banks.
The Fed is prohibited from buying equities by the Federal Reserve Act. But an amendment in 2010 – Section 13(3) – was enacted to permit the Fed to buy AIG’s insolvent Maiden Lane assets. This amendment also created a loophole which enables the Fed to lend money to entities that can use the funds to buy stocks. Thus, the Swiss central bank could be operating as an agent of the Federal Reserve.
If central banks cannot properly conduct monetary policy, how can they conduct an equity policy? Some astute observers believe that the Swiss National Bank is acting as an agent for the Federal Reserve and purchases large blocs of US equities at critical times to arrest stock market declines that would puncture the propagandized belief that all is fine here in the US economy.
We know that the US government has a “plunge protection team” consisting of the US Treasury and Federal Reserve. The purpose of this team is to prevent unwanted stock market crashes.
Is the current stock market decline welcome or unwelcome?
At this point we do not know. In order to keep the dollar up, the basis of US power, the Federal Reserve has promised to raise interest rates, but always in the future. The latest future is next month. The belief that a hike in interest rates is in the cards keeps the US dollar from losing exchange value in relation to other currencies, thus preventing a flight from the dollar that would reduce the Uni-power to Third World status.
The Federal Reserve can say that the stock market decline indicates that the recovery is in doubt and requires more stimulus. The prospect of more liquidity could drive the stock market back up. As asset bubbles are in the way of the Fed’s policy, a decline in stock prices removes the equity market bubble and enables the Fed to print more money and start the process up again.
On the other hand, the stock market decline last Thursday and Friday could indicate that the players in the market have comprehended that the stock market is an artificially inflated bubble that has no real basis. Once the psychology is destroyed, flight sets in.
If flight turns out to be the case, it will be interesting to see if central bank liquidity and purchases of stocks can stop the rout.
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We're going Big Green for the rest of the week...Panic is over as the Fed and Central Banksters have proven beyond a shodow of a doubt that EVERYTHING is firmly under their control. Short at your own peril.
I think you underestimate the fatigue of the manipulated class. If they see a crash as their salvation to solid ground and something real, they just might throw in the towel and let it burn.
Central Banks ARE A CORRUPTING FORCE! They have always been and will continue to be so. Having that much power centralize will corrupt the rulers and also attract power hungry people. We need to end the fed and trust free markets.
There is only one candidate running that wants to end the fed and its aslavery of humanity. Rand Paul is anti-fed. He has always been anti-fed. Help make the only pro-liberty, pro-free markets voice in the election heard. Support the Rand Paul moneybomb on September 7th!
I am selling candles with silver coin prizes: https://www.etsy.com/shop/ScentSavers?ref=hdr_shop_menu. Half of the sales now through the 7th will go toward the Rand Paul moneybomb. I am not profiting from this at all. I just want to help get the message out there. Of course you can always donate directly to his camoaign. I want to give people something that may help spread the message of sound money.
The more people that realize that the coming collapse is caused by the Fed, the better chance we will have to rebuild the system with free markets!
Have become since 1913? Really?
Naive fuck!
Where the hell have you been, Roberts?
1913, the year that gave us the Federal Reserve and the IRS! It is not coincidence. End the Fed! End the IRS! And refuse to replace them with other centralized, national banks!
The President's argument against the monopoly of counterfeiting:
http://founders.archives.gov/documents/Jefferson/01-19-02-0051
The Supreme Court's opinion for the monopoly of counterfeiting:
https://www.law.cornell.edu/supremecourt/text/17/316
At least the SNB is required by law to publish its full accounts on a quarterly basis, so we will soon know whose losses they are. The year could be a debacle for SNB with equity losses on top of EUR losses. If I were Swiss I would be asking a lot of questions about the reckless actions of unelected and unaccountable central bankers. A central bank has no business being the equities business.
Mind you, if I were Swiss I would also have voted differently in the referendum which, had the outcome been different, would have seen SNB by now sitting on a large pile of the brabarous relic.
"From elementary school to master's degrees, students are deceived into believing that counterfeit is money, theft is investment, fraud is banking, and corruption is virtue." http://ocsure.blogspot.com/
Rand Paul, PCR, nor ZH can explain why the monopoly is responsible as long as "banks" are "printing money" to "stimulate investing."
Corruption is in eye of the lavishly compensated regulatory beholder.
Well thats strange that you should think this after a day like today where the PPT got their butts kicked in by the alogos. I say the alogos won round 1. Central banks were looking a little outgunned if you ask me.
We're going Big Green for the rest of the week...Panic is over as the Fed and Central Banksters have proven beyond a shodow of a doubt that EVERYTHING is firmly under their control. Short at your own peril.
The Asia open lies telling us this isn't true....unless TPTB make their move.
Actually they're crashing the market so they can get out of raising interest rates in September at the Jackson meeting. Then they'll come up with some reason to do the same in December even if it takes
a false flag event. They have to use QE forever now....there's no return from the in sanity.... (I did sell all my TZA today though)
Yup. I have agreed with Schiff along when he says that beofre everyone of their meetings. They have no intention of raising rates. They cannot raise rates. Even when they 'leaked' the document saying they were going to raise rates I wasn't buying it!
A new QE will come before any rate hike!
I'm going out on a limb and predicting carnage. Met with a business associate today -- smart guy -- around 10 am, who said, "I'm going to call my advisor and tell him to buy while it's cheap."
They have the remaining retail investors where they want them. It will be a few weeks, just long enough (with PPT propping) to convince everyone it will be fine,and then boom.
yep, my son said he just bought into a mutual fund. although he is sad that he lost 15% right off the bat, he wishes he had more to invest. he recommended that i invest since he knows i have a lot sitting on the sidelines. i wanted to talk to him about muppets, ass-rapings and so forth, but he thinks i am nutz. he is 1 year out of college and knows it all. you know how kids are always more sophisticated than their parents and all. i figure he has time to recover. of course he wanted me to help him with a down payment on a house recently and was a little disappointed in my meager offer. if he had been looking at a differnt house and had a better plan and more saved i would hve been more generous.
Poor Bam Bam..
Edit- sorry i mistook you for Mr Rubble.
Bing fucking go there it is. These scum bag shits will never raise rates to a meaningful level ever again. At least until a non communist president is elected.
The same people that tried to sell out and were unable; will keep trying till they succeed or are pillaged completely. This is not over till Old Yeller announces QE4, then it will be a short run up and then over. Then trade war, then world war; all within the next 9 months or less.
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The Yuan was devalued again by another 0.2%, which will translate into English to around 1-2%.
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Who knows, the PPT is working very hard and looking at the set up positions and deciding where to fill in the potholes. If their like the people who fill pot-holes where we live, then it will not last and there will be twice as many holes to fill and larger ones.
Why would people have any effect on markets. Markets are graphs of central bank software.
"If central banks purchase stocks in order to support equity prices, what is the point of having a stock market? The central bank’s ability to create money to support stock prices negates the price discovery function of the stock market."
-Dr. Paul Criag Roberts
"These questions came to mind when we learned that the central bank of Switzerland, the Swiss National Bank, purchased 3,300,000 shares of Apple stock in the first quarter of this year, adding 500,000 shares in the second quarter. Smart money would have been selling, not buying.
It turns out that the Swiss central bank, in addition to its Apple stock, holds very large equity positions, ranging from $250,000,000 to $637,000,000, in numerous US corporations — Exxon Mobil, Microsoft, Google, Johnson & Johnson, General Electric, Procter & Gamble, Verizon, AT&T, Pfizer, Chevron, Merck, Facebook, Pepsico, Coca Cola, Disney, Valeant, IBM, Gilead, Amazon."
-Dr. Paul Craig Roberts
Yeah.....then they go short and sell them off and take the sucker (read, retail investor) money.....again.
Wash, rinse, repeat...
http://www.tomatobubble.com/id880.html
The Nikkei will put a stop to this madness!...lol.
This was news in 1913...
This was news in [1816]!
This was news in 1694. (The birth of the Bank of England so England could go to war on perpetual credit). The BOE was the real impetus for the American Revolution. And look at us now....
This was news in 1694. (The birth of the Bank of England so England could go to war on perpetual credit). The BOE was the real impetus for the American Revolution. And look at us now....
This just in... Snow reported in winter!
SO FING STUPID! Does no one know how investment works? you want things to get more cheap so you can buy yield. And I'm talking around book value not this fing bullshit of 18x PE's... your fault for investing in a fiction right? Jesus!
Quit beating around the bush Mr. Roberts and tell us what the real corrupting force is.
I'll just go ahead and say it: Jews.
Actually, I'm impressed he didn't mention Israel once this time.
I really can't wait until we go Mad Max in the last week of September and we can help Gringo leave this earth.
What? Kikeistan?
I have a dirty bomb with El Gringo's name on it.
And who is behind the Jews? Did you ever consider that Jews were a false flag operation? Well it worked well in Germany 1933 - '45. Why not again?
When you find out, let the rest of us know too, unless it is aliens or reptile people from another dimension.
The FED is the agent of the SCB; he got that backwards. Remember where the Bankers bank is located; the BIS is in Basel, Switzerland.
In broad outline, the BIS pursues its mission by:
Yes, they are working all together. Here is how far and wide the tentacles reach and they can't hold it together?
http://www.bis.org/cbanks.htm?m=2|9
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The SNB has two head offices: one in Berne and one in Zurich. In addition, it maintains six representative offices (in Basel, Geneva, Lausanne, Lucerne, Lugano and St Gallen). Furthermore, it has 14 agencies operated by cantonal banks that help to secure the supply of money to the country.
They are exempt from taxes or prosecution and a few other perks that help them out financially.
If these two have recently come to the realization that the Fed is not what they long thought. To that I say, better late than never.
I was like 12 when i figered that out.
Jeez. More "water is wet" stuff from PCR.
Nice guy and all that but holy shit...really?
Central Banks Have Become A Corrupting Force
"Have become a corrupting force"?!!!
Paul they were a corrupting force when you were working for the 40th President as Deputy Treasury Secretary under Jim Baker...
I love what you write sir, but this bad stuff has been around too many decades and to somehow allude that this is a recent development that doesn't have "deep roots" since say G.W. is preposterous !!!
Actually, the issue is a little bigger. Power is the ultimate corrupting force and is an aphrodesiac to all the worng types of people. Power is more important to Kim and Castro than money or the success of their nation.
If you leave power alone or worse, continue to give it away you can bet 100% of the time it will be abused, always and everywhere. The only question is how permanent the effects of abuse will be.
PCR is a great guy and so is his recent article about Boston, where an attorney contacted him:
http://www.paulcraigroberts.org/2015/08/17/fbi-evidence-proves-innocence...
I still cant believe how many people believe those kids did that.
ever seen the warriors, ffs? *points* that's all the evidence "the authorities" needed (to manufacture)
We need a reincarnated Andrew Jackson.
Sure the Central Banks act in collusion. Observe the Fed's activities in 2008.
Who do we think is bidding the Euro? As If the Greece crisis were fixed...
MSorciere:
President Andrew Jackson was only able to succeed at killing the Second Bank because he was able to survive the banksters' assassination attempts, in ways which were quite improbable.
Furthermore, those who pine for the nostalgic Presidents of the past tend to deliberately disregard the roles those Presidents tended to play in the genocides of the Native Americans, as well as tended to participate in the slavery of the African Americans.
While I agree with what I regard as the sentiment behind the successfulness of President Andrew Jackson in fighting the banksters, and therefore being able to balance a real budget, all of that was done back in the days when North American was being robbed from the people who had previously lived there for thousands of years, while at the same time, the economy still depended upon a lot of slavery.
One could say that there is a perverse sort of poetic justice that what the international banksters are doing is applying the methods of colonialism (as a special case of organized crime) to Americans. Therefore, more and more Americans are finding themselves to be more and more treated like the slaves previously were, except more abstractly, as debt slaves, while that is headed towards more and more Americans finding themselves to be more and more treated like the natives previously were.
The best organized gangs of criminals that have captured control over the government of the USA have already reduced the vast majority of Americans to debt slaves, while preparations are being made to impose democidal martial law.
In that context, while there is something to be learned from some of the previous Presidents who were able to resist the international banksters, one should remember their overall historical context, namely, that people like Presidents Washington and Jackson were deeply involved in the genocides against the natives during their times, as well as operated inside long established systems of slavery.
The same applies to Europe generally, within the context of the history of Western Civilization being able to invade and conquer most of the rest of the world. What went around is coming around. While the Anglo-American (Zionist) Empire became the most dominate form of that kind of colonialist organized crime, all other NATO counties are within the same systems.
As my comment below pointed out, the central bank system was designed by the international bankers to control the world, and it mostly does now. However, those problems have become WAY WORSE than those which faced people like President Andrew Jackson! Therefore, I regard it as nostalgic nonsense to believe that future solutions could be based on merely repeating what he accomplished.
Did you ever consider that "Zionist" is a false flag operation designed to distract from the real criminals?
That trick was used in Germany 1933 - '45. Why not again?
Yes, MSimon, I consider that there appear to be almost infinite tunnels of deceits, where the lies are different at every level. Attempting to combine both the interwoven genetic and cultural factors drives things towards hyper-complexities. Any particular perspective must be some sort of over-simplification.
P.S.
I rather liked this effort to try to identify the history of the ruling classes in Western Civilization:
http://www.youtube.com/watch?v=yzdomBX8U0w
UROKO
"Native Americans" got beat by a better culture. They were nothing but stone age people who met up with those smarter and better armed than they were. A clash of civilization in which by attacking white settlements, they brought on their own destruction. Diseases to which they had no resistance did the rest. As for blacks, they were sold into slavery by their own kind. Blacks had been trading in slaves long before Europeans, the British and Americans became involved. The new world simply offered a new place to ship them. Those sent to America were better off than those left behind. If blacks had never been brought to the US they'd still be running around half naked with a bone in their noses. No one is responsible for their failures. They have the lowest IQs of any race and no govt. program can fix stupid no matter how much money is spent on them.
Ever notice the huge emigration of blacks back to Africa? Me either. I don't think they are staying because they aren't allowed to leave.
Well there we have it, Manifest destiny justified in all its splendour and racialist "white man's burden" also.
Mein Kampf, American version, will soon be available for all true American lovers of an old disease called fascism.
At least Mussolini loved opera. America's tattooed love ketchup; both on and off the screen.
Whites only get "involved" in dirty deals when the scumbag races running around half naked with bones in their noses "teach" them how to!
Whodaveknowed; the low browed, low IQ'd blacks TAUGHT the hi browed and virtuous whites about "slavery". Well ain't that just awesome. Sons of the devil, every race on earth except the white ones, corrupting the white race even teaching them how to make porn and paedophilia a world wide game; Ashley Madison can vouch for that; its a black man's conspiracy to put his nose bone in each white woman's flossy!
Oh, before I forget the greatest killing machines of the world? White Men ! WW1 and WW2 proved that.
Some guys make Hitler look like a true angel. Manifest destiny was truly demonstrated to burn those undermensch in the ovens! I wonder who taught that pseudo Aryan such a low browed trick?
Must have been another blacky or hooked nosed one!
Well lets see how American whitey wins the next wars of the world. Doing such a good job since Nam all for the good of hi IQ humanity.
Primitive warfare killed more proportionally. Tell me what blacks or hispanics have invented? Math - no. Libraries or universities - no. Hubble telescope - no. Nuclear power - no. Machinery - no. Automobiles - no. Anything - no. Back to you asshole.
They didn't invent genocide FOR A StART. Maybe the Mongols did way back then.
The first ocular surgical operations were carried out in around 1250 AD in a place called Timbuktoo, in the then kingdom of Mali. It was an Empire in the region and it had gold mines and great trade routes thanks to the Niger river navigation.
That should trickle down your nostrils like good pee soup to cultivate your IQ.
As for the Hispanics they sent Christopher to Amerikaaa and Cortez to Mehico and Pizarro to Inca land and Magellan around the world. When did ignorance enter your brain; in 2008 with Lehman collapse?
The Egyptians built pyramids when white man was a cave dweller.
Also, about your rant on Slavery. Just for your info the greatest slave population in ancient times was in ROME. It went from population 3000 to Population 100000 when it destroyed Carthage and Corinth in 146 BC, becoming greatest naval power in ancient world.
The slaves came swarming in and ROme's soldier citizenry culture just got corrupted (old white man's disease like lead pipes). It became a fat cat American type model and sat watching TEEVEE in the Coliseum; aka bread and circuses. You know what followed.
Every dog has his day so don't get all excited 'cos your manifest destiny is ONLY 250 years old and already creaking at the seams. A drop in the ocean of time.
As far as automobiles go, they will be the industrial addiction that will kill the suburban culture of USA. Unless it moves bigtime into solar powered Electricity and automobiles.
Nobody has a permanent ticket to human intelligence; in fact regression is a very human trait for arrogant dumbasses, as history shows.
Now go back to eating fiat $ that is the new addiction of USA along with ketchup on mountains of fatty industrial food; pain of obesity.
ANd take you finger out of your dirty, white ass. You might improve your IQ if you did, but I doubt it.
Columbus, Cortez and Pizarro were all Europeans, not Hispanics asshole. Hispanics are a mixture of Spanish and native Indians which is why their IQs are so low, although not as low as the black IQ. Everything that we think of a product of civilization today came from the West moron. Unless you are just making things up which I trust you do to fit your false sense of history. The Egyptians were also white according to DNA tests which link them with Europeans, not other races. But I guess you missed that one too.
As for regression, that comes with breeding with inferiors which has been encouraged by the media in the west. The result, mongrels who can't read, write or think but are good at whining about "justice" and "equality".
Ever had a blood transfusion that saved you or a loved one's life?
Look it up.
"Paul Craig Roberts: Central Banks Have Become A Corrupting Force"
I'm waiting for the day when Paul Craig Robersts says: The ZIONIST Central Banks have always been THE Corrupting Force.
Paul Craig Roberts is simply playing his role.
The Truth About Israhell and Palestine
https://www.youtube.com/watch?v=iKzlh9kN4HI
Islam is THE Religion of Peace. And has been for 1400 years.
Fuck Religion
The central banks want there to be a popular outcry for their dissolution, which will then throw the world into turmoil for a period of time.
At the end of that time they want to be able to provide a solution to that turmoil in the form of a one world government under a one world figurehead.
Quit beating around the bush Mr. Roberts and tell us what the real corrupting force is.
I'll just go ahead and say it: Jews. El Gringo
PCR won't say it out loud, but he will let others say it for him. Below is a link on his website.
It is very inncocuous and doesn't directly attack our Zionist friends out-right, and even the link name doesn't give any clue. To be fair to PCR he does point out that AIPAC is one of the controlling elements of Washington Consensus:
http://www.paulcraigroberts.org/2015/08/19/guest-column-tom/
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Here speaks a Christian minister. http://www.thomas-l-are.blogspot.com
But many pretend-Christians will ignore him, because they are brainwashed by Zionist propaganda that only gentiles can commit sins, and those sins are against Israel.
We have reached the point in our moral collapse that vast swaths of Christianity serve murder, genocide, and evil.
________________
With regards to the money power, and this also includes sayanim and fellow travelers; one doesn't have to be Zionist or Jewish to become corrupted. But, it helps if your ideology and religion give cover and sanction:
Here is another excerpt from Robert's indicating he fully undestands how money power corrupts:
http://www.paulcraigroberts.org/2015/08/19/insouciance-rules-west-paul-c...
"Nevertheless, Roosevelt did not see himself as being in charge. In The Age of Acquiescence (2015), Steve Fraser quotes President Roosevelt telling Treasury Secretary Henry Morgenthau at the end of 1934 that “the people I have called the ‘money changers in the Temple’ are still in absolute control. It will take many years and possibly several revolutions to eliminate them.”
By the way, Morgenthau was a complete piece of shit, he wanted to put his foot on the neck of the vanquished German's and kill off many millions. He and his fellow Jew, Harry Dexter White got their way over Keynes at Bretton Woods, usurping Keyne's superior and moral bancor system.
Morganthau also supported the perverted Scofield Bible, which was necessary propaganda to create Zionist Christian's. It is not the first time Jewish money power agents have written Bibles; another classic case is Amsterdam Jews funding Calvanism and its emphasis on old testament, as well as ignoring usury prohibitions. Amersterdam Jews also funded Bibles to be given to the British at quite some cost, to then lay the ground for Orange King invasion, ultimately leading to the private debt spreading Bank of England in 1694. These kind of concentrated evil plots that take centuries to unfold is evidence of an in-group working against humanity. Usury and controlling money power is their funding source.
Rip away the private credit usury money system out of the cabals hands, and it will go a long way toward defunding evil.
sovereignmoney.eu
And all those around Roosevelt, which he appointed, were not only Jews, they were Communists too. They not only won the war for Uncle Joe, they gave him nuclear secrets, machine tools, etc for after the, I should say their, victory. Poor tail Gunner Joe McCarthy was right on just about everything. So, they censured him and threw him out of the Congress. If I could see that, as I watched the Army McCarthy hearings on TV as a pre teen, then anyone could see it.
To know who the friends of Liberty are, you only have to know who is vilified by the media.
http://www.tomatobubble.com/id880.html
Sovereign money is issuing Treasury money into the money supply. From then on it floats and is used as a permanent tool for transactions and savings.
After first seigniorage it is a permanent tools that the citizens own, and the only way to recall it is through taxes. Taxes are overt and obvious, and hence do not make Oligarchs happy.
Oligarchy prefers to work in the shadows, and take rents through the pricing mechanism.
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Here is Marx:
Marx: (Communist Manifesto) Plank # 5 "Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly."A national bank that issues CREDIT, means that the national bank holds debt intruments on society. A monetary authority, or even something called a 'national bank' if it issues debt free money, then the people hold debts on each other. There is a vast difference between national money (sovereign money) and credit issuing state banks. VAST DIFFERENCES. But the nuances seem to be beyond most people's comprehension. Bolsheveism and Communism was funded by wall street private capital; both financial capitalism and communism find common cause...Oligarchy.
The claim that the US Gvt. Is sovereign is one problem. In fact the people are the sovereign.
By their nature, central banks are utterly corrupt and utterly evil... which means they have always been a corrupting force. Just look at history.
Yes, the money sytem is a tool used against us (we get paid by it for our units of labour and business wants us to use it to be paid for goods & services and the banks cream off fees and arbitrage). It sounds fair enough until greed and power join in.
The satanists rule. All the talk earlier of Jews, Islamists etc just proves to me that all religions are under attack as most religions promote love, peace & harmony through their control systems. Have you noticed the increase of inter religious tensions all around the world and increased attacks on churches (all demoninations) and mosques? Stirred up deliberately to erode all sense of trust and respect for each other. The rise of child abuse, people trafficking, war, famine, disease - its all part of their evil agenda to make us take sides and distract from the bigger problem - satanists.
The money system is just one conduit they use. Main stream media, politics, spyware, corruption of justice, sexualising young children, trade sanctions, polluting the environment are just some of the other ways to break society down. Invest in yourselves, I say, barter, be self sufficient, use money wisely and love the people around you, whatever race, creed or religion as we need strength in numbers to turn this global monster around. Recognise the bigger problem - its them or us. Lets bring back the values we grew up with and reject their evilness on every front, every day with everything we do. Rant over, tonsils sore!
Comments above already pointed out the obvious, that central banks were ALWAYS INHERENTLY CORRUPT!
As stated by historian Carroll Quigley:
"powers of financial capitalism
had another far-reaching goal,
nothing less than to create a
world system of financial
control in private hands
able to dominate the
political system of
each country and
the economy of
the world as
a whole ..."
That system was "to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements. ...The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. ... It must not be felt that the heads of the world's chief central banks were themselves substantive powers in world finance. They were not. Rather they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up, and who were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks."
Central bankers work like organized crime works.
However, beyond the recognitions of the superficial FACTS that governments are the biggest forms of organized crime, which are controlled by the best organized gangsters, which became the international banksters, are the deeper FACTS regarding the human condition. The ONLY things that have changed were progress in physical science enabling social pyramid systems, that were ALWAYS based on backing up lies with violence, to grow at about an overall exponential rate, which are just beginning to run into the limits of diminishing returns from being able to continue to strip-mine the planet's natural resources.
Since the debt slavery systems were designed as pyramid schemes that had to double down on debts, over and over again, that has generated numbers which have become debt insanities, which have become more and more blatantly obvious to people, as the SIZE of those numbers became increasingly preposterous. Especially since 1971, when the last connections to the physical world were cut, to enable the "money" made out of nothing as debts to run away unfettered, the total debts of the USA have been on a nearly perfect match to an exponential growth function. However, what was WORSE was that "money" made out of nothing as debts was being used to "pay" for strip-mining the planet's natural resources.
Of course, articles like the one above present the problems in superficial ways, due to almost everyone in the target audience only being able to recognize the problems when presented in that manner. Most of those who commented above already pounced upon that, by pointing out that central banks were ALWAYS INHERENTLY CORRUPT. However, in turn, I point out that the actual situation is again WAY WORSE than the typical Zero Hedge comments state.
The article above stated:
Again that view grossly understates what the deeper problems are. After we perceive human beings as separated from their environment, then they necessarily act as robbers in that environment. Indeed, from the original SUBTRACTION from the environment necessarily follows that ROBBERY. The only things that exist are the dynamic equilibria between different systems of organized lies operating robberies, with the frauds done by central banks being the greatest overall symbolic robberies.
In general, it is practically impossible for most people to gain proper perspective upon the degree to which they are living inside of Wonderland Matrix Bizarro Worlds, where everything they think and communicate is being done through the dominate natural languages and philosophy of science which are based on the maximum possible deceits and frauds, so that there are the maximum possible attitudes of evil deliberate ignorance and the most absurdly backwards misunderstandings of everything with the realms of politics.
"The absolute best controlled opposition is
one that doesn't know they are controlled."
-- Cognitive Dissonance
Recognizing that governments enforce frauds by privately controlled banks is merely one of the tiniest tips of the enormous iceberg of integrated systems of legalized lies, backed by legalized violence, whose social successfulness has been due to thousands of years of backing up deceits with destruction, long before that gradually morphed to become the currently established systems of enforced frauds, inside of which the national central banks are the national Kings of Fraud, integrated into an overall system that has the Bank of International Settlements as the King of Kings of Fraud.
The article above was another typical example of how the articles republished on Zero Hedge tend to be superficially correct, while, at the same time, profoundly wrong. Relatively speaking, compared to the more mainstream media, those articles appear to be enlightened. However, from a deeper perspective, those are the work of controlled opposition, that does not recognized the degree to which its thinking and communications are being controlled by the language and philosophical presumptions that they are using and taking for granted.
By and large, that predicament is too intensely paradoxical to be perceptible. There are "consistent contradictions" due to human beings and civilizations necessarily operating as entropic pumps of energy flows, while those are ways that necessarily match the principles and methods of organized crime, since the death control systems are central to everything else, and must be.
The degree to which those problems have been built into the structure of civilization based upon the history of thousands of years of warfare has driven greater and greater "consistent contradictions" between progress in physical science, without that being surpassed by progress in political science. The currently established systems whereby governments enforce frauds by privately controlled banks require a civilization which overall deliberately ignores the principle of the conservation of energy as much as possible, while it also deliberately misunderstands the concept of entropy in the most absurdly backward ways possible.
Those are present in the ways that the controlled opposition groups appear to criticize the banksters, while actually staying inside of the same frame of reference. Since society is actually controlled by integrated systems of legalized lies, backed by legalized violence, in which the ways that government enforce the frauds by privately controlled banks are the most important manifestations, that has driven the development of those "consistent contradictions" that civilization is necessarily controlled by the principles and methods of organized crime, whose social successfulness is necessarily based upon almost everyone misunderstanding almost everything in the most absurdly backward ways possible.
Progress in physical science has been amplifying to more astronomical sizes the innate dilemmas due to being able to back up lies with violence still never stops those lies from being false, although those lies thereby become the dominate social stories. Therefore, the basic systems whereby governments enforce frauds by privately controlled banks continue to manifest at larger and larger orders of magnitude, until those have become globalized electronic monkey money frauds, backed by the threat of force from apes with atomic bombs.
Civilization is stuck in vicious spirals, becoming deepening ruts, due to social successfulness having been based on the ability to back up lies with violence, so much, for so long, that the entire political economy became based upon governments enforcing frauds by privately controlled banks. Of course, there were series of significant milestones along that path, some of which were already mentioned by various comments above. However, there was actually never any beginning to that, since it "began" when the human mind first developed the ability to SUBTRACT.
Philosophically speaking, what the banksters have done is SUBTRACT THEIR SUBTRACTION, by presenting their innately fraudulent financial accounting systems as thereby being positive. Pretty well all of so-called human "knowledge" is based on presenting everything in ways which are as backward as possible, due to taking almost completely for granted the on-going subtractions of subtractions.
Money is measurement backed by murder, which is a special case of information theory and thermodynamics, both of which are deliberately misunderstood in the most absurdly backward ways possible (arbitrary minus signs were inserted into their entropy equations), because the biggest bullies want to present their bullshit as being the absolute truth, and have beaten almost everyone else into tacit submission to agree with that bullshit.
Progress in physical science is re-converging with ancient mysticism, from whence it originally started out, long, long ago. However, since social pyramid systems were based on being able to back up lies with violence, the pyramidion people sought to control other people by keeping them ignorant and afraid. Therefore, the dominate social stories ended up becoming based on the maximum possible willful blindness and perversions of perceptions.
Those issues now manifest most significantly in the ways that central banks are the Kings of Fraud, which frauds are enforced by the powers of governments, which, in turn, were made by the history of the War Kings assembling the powers of sovereign states, as selected to exist by the history of warfare. While money is necessarily measurement backed by murder, within the dominate social systems, that continues to be as deliberately ignored and deliberately misunderstood in the most absurdly backward ways possible, as "consistent contradictions," because that is what is necessary for systems of enforced frauds to continue to operate as systems of organized lies operating robberies.
As soon as one perceives human beings as separated from their environment, then that original subtraction necessarily drives the perception of robbery, due to those human beings then having to live as entropic pumps of energy flows. Human civilizations are then the same thing, manifesting on larger and larger scales, which have recently become globalized electronic frauds, backed the threat of force from atomic bombs. Hence, the "consistent contradictions" present in the systems of enforced frauds have been magnified by many orders of magnitude.
Nothing has changed other than that exponential growth of the ways that civilization was always operating as systems of lies backed by violence. As the debt slavery systems have generated numbers which are more obviously debt insanities, as the overall debts inside of those debt slavery systems continue to have to double down, to keep that system going and growing (despite the planet being finite), more and more people are starting to notice that.
In that context, many articles republished on Zero Hedge tend to focus on how the role of the central banks has increased so much since the financial crises in 2008. However, nothing has fundamentally changed within the systems of enforced frauds, other than the central banks having taken up more and more of the role of creating the public "money" supply out of nothing as debts, rather than that being done more by other lower level banking institutions, as much as was previously the case.
As the article above euphemistically put it:
The "lender of last resort" is still making the public "money" supply out of nothing as debts, like other banks were previously doing, more and more, for a long, long time. The only thing that has changed is that the magnitudes of those government enforced frauds have become greater and GREATER.
Furthermore, as typically the case, the article above is excessively based upon "psychologizing" the problems. That kind of superficial approach is based upon continuing to operate with extreme anthropocentric bias, in ways which tend to disregard the natural environment as much as possible, while paying most attention to the human concerns, as experienced through human emotions. Of course, that, in turn, is due to the ways that psychological approaches to understand the problems are much more conducive to being able to remain within the biggest bullies' bullshit world views.
Political economy based upon enforced frauds gets away with deliberately ignoring the conservation of energy as much as possible, while it also gets away with deliberately misunderstanding the concept of entropy in the most absurdly backward ways possible. At the same time, that is a kind of anthropocentric approach that enables that kind of economic system to operate with attitudes that disregard the natural environment and its limits as much as possible.
Overall, the simplest way to understand the political problems presented by central banks operating frauds which are enforced by governments is that those are due to runaway organized crime, driving society as a whole to become criminally insane. The more that the political economy is based upon doubling down on enforcing frauds, the more psychotic that civilization becomes, since no amount of the ability to enforce frauds ever stops those frauds from still being false. Rather, the more socially successful the enforcement of those frauds is able to become, the more criminally insane that civilization also becomes.
Of course, in the end, systems of enforced frauds do NOT actually violate the laws of nature, despite that the social successfulness of those systems (based upon enforcing frauds) drives society towards attitudes of the maximum possible deliberate ignorance and misunderstanding of itself. From that overall perspective, the article above was another example of the standard kind of material republished on Zero Hedge, which is superficially correct, and far better than presented in the more mainstream media, but otherwise, still profoundly wrong, due to grossly understating the problems in too euphemistical and shallow ways.
http://www.tomatobubble.com/id880.html
What World famous men have said about the Jews (including Martin Luther and George Washington . Jefferson, Henry Ford etc)
http://www.biblebelievers.org.au/repute.htm
A good example to explain that the government is a criminal enterprise, look no further than the lottery. Once called the "numbers" when it was run by the mob you paid no taxes and it was an honest rip off. They even came to you to get your bet and pay you off the rare win. After fighting it for decades, the government took it over with the explanation that "it's for the children", all profits will go to "education". Yeah right. That's why my property taxes go up year after year to pay for schools. Because the government numbers racket isn't making a profit.
In europe you don't pay taxes on Lottery wins and you can get it in one lump sum.
Sometimes I walk around acting all smart stating the plainly obvious too.
Central banks have always been a corrupting force.
However, while the design of the central banking systems that we currently have is inherently subject to corruption, the reason CB's are corrupt now, is less about their structure than about the corrupt and collusive cabal that is running them.
If you allow a parasitic cabal to get control of the financial system, you will get a corrupt system regardless of its design.
This is about corrupt people, not corrupt systems, and it is about time we did something about it.
I would start with a full multi-year, publicly disclosed audit of all central bank activity (including their “out of charter” activities) and the money center banks that have ownership in them, followed by civil and criminal prosecution of the leadership for insider trading under the RICO (Racketeering in Corrupt Organizations) act.
where your logic chain fails is the arena of corrupt people creating corrupt systems to reinforce their corrupt positions
like the creature isnt designed thusly for an explicit reason
I think that we are substantially in agreement that our CB is a cabalist creation, but I am not sure why you claim that my logic chain fails, because I never addressed the issue of who created our CB.
I have addressed this and a myriad of other corrupt policies in my previous posts that have been instigated at the hands of the cabal, including but not limited to the following:
a. Formed the Federal Reserve (the current topic)
b. Established the Frankfurt School in America
c. Created and promulgated Boasian Anthropology
d. Promoted all the major wars of the 20th and 21st centuries
e. Created and managed major communist revolutions
f. Systematically falsified history (e.g. the Holohoax)
g. Instigated and/or facilitated numerous false flag operations against the US
h. Engineered mass third world immigration into our country
i. Socially engineered the lowering of white birth rates below replacement levels
j. Created or promoted socially destructive ideologies (feminism, gay rights, etc.)
k. Advocated the criminalization of free speech (hate speech laws)
l. Promoted and/or financed destructive vices (substance abuse, pornography, materialism, etc.) either directly or through control of the media
All of which have contributed to our current problems, and all of which I have highlighted in previous posts.
It's gone on too long, a president that audit's the Fed will get shot.
"Lenders of last resort" -> constant and ever larger interventions = our "markets"