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Time To End Monetary Central Planning
Submitted by Richard Ebeling via EpicTimes.com,
There is no way to describe current Federal Reserve policy other than as monetary confusion and misdirection. In a nutshell, Janet Yellen and the other members of the Fed’s Board of Governors have no idea what to do. Do they raise certain interest rates over which they have some direct influence? Do they keep them at their current rock bottom levels, as they have for the last six years?
On the one hand, government measured unemployment levels have fallen from their high of over 10 percent at the depth of the recent recession to 5.1 percent in September 2015.
However, there is an alternative measure of unemployment also calculated by the U.S. Bureau of Labor Statistics. It includes not only those currently unemployed and looking for work during the previous four weeks, but also “discourage workers” who have stopped looking for jobs who would be interested in working if they found a suitable employment; and those who are part-time who would prefer to be employed full-time. If these two additional groups are included, the U.S. unemployment rate is 10 percent, double the headline “official” level of unemployment the administration touts as a “positive” sign of the economy’s recovery.
On the other hand, price inflation as measured by the Consumer Price Index seems to be barely rising. According to the Bureau of Labor Statistics, price inflation in August 2015 was .02 percent higher than twelve months earlier.
Again, however, when food and energy prices are subtracted out of the Consumer Price Index to leave what the government statisticians call “core” inflation, prices in August were 1.8 percent higher than a year ago. Certainly not a “galloping” inflation, but not the nearly zero price inflation rate the highline number suggests, particularly since food prices were up 1.6 percent over the year; the “drag” on measured price inflation was all due to a 15 percent decline in energy prices compared to twelve months earlier.
No Trade-Offs Between Employment and Inflation
If we look at that alternative unemployment rate of 10 percent in conjunction with the “core” price inflation rate of 1.8 percent, what we see is a moderate form of what in the 1970s was called “stagflation”: high unemployment with rising price inflation.
The Federal Reserve could try to nudge up the key interest rates it most directly has influence over, especially the Federal Funds rate at which banks lend to each other overnight, but with the risk of threatening the investment and home mortgage borrowing that it has attempted to “stimulate” through near zero interest rates.
Or the Federal Reserve could continue to keep those interest rates low through a continuation of their moderated “quantitative easing” monetary policy, but with the risk that price inflation (however measured) may start to rise faster than it has, creating the danger of price inflation above their declared target level of two percent a year.
(It should be kept in mind that even the Federal Reserve’s “modest” target rate of two percent annual price inflation would still result in a near 50 percent decrease in the value of every the dollar in our pockets in around 20 years.)
Either way, the old Keynesian notion that you can lower unemployment by accepting a higher rate of price inflation, and vice versa, shows itself to be as illusionary as when it was first touted back in the 1960s as the mechanical macroeconomic policy trade-off between unemployment and price inflation known as the Phillips Curve.
The European Central Bank, by the way, is in its own dilemma. European Union-wide official unemployment continues to hover above 10 percent with a modest price deflation as most recently measured, in spite of that central bank’s own version of “quantitative easing” of nearly $70 billion of new paper money-creation per month since the beginning of 2015.
The Fed Causes Booms and Busts
The only result of these years of monetary expansion and interest rate manipulation is economic instability and distortion. The financial market indices significantly gyrate up and down seemingly every day based on attempted nuanced readings of the latest public statements by any of the Federal Reserve Governors concerning interest rate policy changes.
The house of cards constructed on years of artificially low or zero interest rates in terms of investments undertaken with trillions of dollars of cheap money, as well as home mortgages at manipulated interest costs, hang in the balance again as in previous boom-bust cycles.
Every time the booms turn into busts, the central bankers insist that they have had nothing to do with it. It has been due to “irrational exuberance” in financial markets, or huckster bankers who duped people into taking out loans they could not really afford, or international events beyond a national central bank’s control, or just, well, “bad luck” with things happening in unpredictable ways even under the watchful eyes of the central bank “experts.”
The fact is, the boom-bust cycles that have plagued modern industrial societies for well over a century, including the Great Depression of the 1930s and this most recent “Great Recession,” as it has been dubbed, have not “just happened” or been the result of inherent and inescapable weaknesses in a market economy or capitalist financial markets.
The booms and busts of the business cycle are the result of the very central bank system that government policy-makers and central bankers insist they are there to either prevent or mitigate in its amplitude and duration.
As I explain in my new, recently released book, Monetary Central Planning and the State, published by the Future of Freedom Foundation, central banking suffers from the same political and economic shortcomings as all other forms of central planning.
Monetary Printing Press Plunder
First, placing the control of the monetary system in the hands of the government or a government-created agency such as the U.S. Federal Reserve System opens the door to the temptation of political abuse in many forms. On the one hand, the temptation exists to use the monetary printing press to create the money that covers the expenses of a government’s deficit spending and provides the artificially low interest rates to manipulate the costs of funding the government’s accumulated debt.
On the other hand, a central bank can also be used to “stimulate” employment and production in the service of politicians leading up to an election, to make it seem that those in political power have the magic wand to “create jobs” and better standards of living – what is sometimes referred to as the “political business cycle.”
It also enables pandering to special interest groups wanting sources of below-market rates of interest for loans, as well as the banking institutions themselves that have access to the created credit supplied by the central bank with which they earn interest income that otherwise might not have been there.
Government full or near monopoly control of any resource, asset or institution (such as a central bank) historically has always brought in its wake plunder and privilege for some at others’ expense that would not have been possible in a more open, competitive market setting.
Monetary Central Planning and the Business Cycle
However, even if those who oversee and manage central banks were as “pure” and benevolent as angels only wishing to do good for mankind with no ulterior self-interested motives or temptations, the monetary and banking system would still constantly run the risk of suffering from the same boom-bust cycles that we see in our world today.
That is because central banking is a form of central planning, and as such, manifests the same weaknesses and impossibilities as all centrally planned economic systems. Interest rates are market-generated prices that are meant to coordinate the decisions of savers with those of potential investors, by bringing the two sides of the loan market into balance.
Income-earners make a decision to spend a portion of their earned income on desired consumer goods and to save a portion of that income for planned and possible demands and uses in the future. The real resources that saved portion of their money incomes represent in terms of buying power in the market is transferred to interested and able borrowers; they use that saved portion of other people’s money income to enter the market and demand and purchase resources, raw materials, capital goods (machines, tools, equipment) and labor services to undertake future-oriented and time-consuming investment projects of various types and lengths that will bring forth goods to be bought and sold in the future.
Interest rates, in other words, serve as the balancing rod to keep in coordinated order the use of scarce resources in society between the production of consumer goods closer to the present and the investments that will bring forth consumer goods further in the future. It is the balancing of resource uses and goods production across time.
Central Banker Hubris vs. Competitive Markets
There is no way to know what are the “correct” coordinating interest rates for different types of loans with differing periods of investment time in relation to people’s decisions to consume and save parts of their income other than to allow free, competitive financial markets to discover through the interactions of supply and demand what the “equilibrium” or market-balancing interest rates should be.
This is, of course, no different than in the case of any other good or service that can be offered on the market. No central planner can replace the competitive market and its free pricing system for integrating and coordinating all the complex knowledge and circumstances of multitudes of millions of suppliers and demanders in an ever-changing world.
And, likewise, it is shear arrogance and naïve hubris for central planners to believe that they do or ever can have the knowledge, wisdom and ability to correctly determine what the quantity of money should be in the economy, what money’s value or purchase power should be over goods and services in the marketplace, or what interest rates would assure that coordinated balance between savings and investments.
Monetary Freedom and Private Competitive Banking
That is why in is time to rethink and challenge the presumption of a need for and superior outcome from the institution of central banking, whether in the United States or anywhere else in the world.
In the twentieth century a group of economists known as members of or sympathizers with the “Austrian School of Economics” challenged the reasoning and rationale behind central banking. Among these leading Austrian economists were Ludwig von Mises and F. A. Hayek.
Though Austrian economists have differed sometimes in their emphases and arguments about the practical workings of a private, competitive free banking system, there is one underlying premise shared by all of them: a completely market-based monetary and banking system would be far superior to historical and current institutional forms of central banking.
Money is, perhaps, the most central and essential, economic good in the market, since it is the generally used medium of exchange to facilitate all transactions entered into by buyers and sellers. It makes smoother and more effective the exchange of goods and services throughout the economy.
Money and Banking is Too Important to Leave to Central Banks
But precisely because of its central role and significance in a complex and ever-changing market economy the supply and control of money is too important to leave in the hands of politicians or their central bank appointees.
They are either too open to the temptations of short-run political purposes in their control of the monetary printing press; or they suffer from what Hayek called a “pretense of knowledge” in presuming that they can ever know more or better than the cumulative knowledge of all the participants of the competitive market as manifested in the prices and interest rates that emerge through the interaction of supply and demand.
Historically, markets – which means all of us in our roles as consumers and productions – determined which commodities were most useful as media of exchange for different types and sizes of transactions. Money was not and need not be a creation or creature of the state, and has most often been commodities such as gold and silver.
Banking as the institutional procedure and process to facilitate and coordinate the decisions of savers and investors emerged out of the market discovery of profitable opportunities in providing intermediary services to minimize the costs of lenders and borrowers directly searching out trading partners for the exchanging of resources and goods across time.
Money Creation as a Tool of Plunder
Governments and their central bank creations usurped market-based monetary and banking systems to serve the plundering purposes of kings, princes, parliaments, and special interest groups who all wanted to hold the magical hand of the monetary printing press.
Print up money (or its digital substitutes and surrogates in more modern times) and you can have access to all the hard work of others who have invested in manufacturing and bringing to market all the goods and services you desire without having to undertake the reciprocal effort and work to make and trade an actual good or service to earn the money so as to honestly buy what you want from them. Some are so impolite as to refer to such monetary mischief as “fraud” and “theft.”
Added to this more “base” purpose of government monopolization of the monetary printing press, has been, over the last one hundred years, the arrogance and hubris of social engineers, bureaucratic elites of “experts” and “socially-oriented” policy-makers who presume to know how to micro-manage and macro-manage society better than leaving people to manage their own lives through peaceful interaction with others in the competitive marketplace.
Their century-long legacy in the arena of money and banking has been the booms and busts of the business cycle. The monetary social engineers have worn different hats at different times – calling themselves Keynesians, Monetarists, New Classical or Rational Expectations theories, or Post- and New Keynesians – but they remain variations on the same conceptual and ideological theme: monetary central planners imposing their notions of desired market outcomes by co-opting the functioning of a real and functioning market-based competitive system of free banking using market-chosen media of exchange.
The time has come to end the tragic and disruptive reign of monetary central planning.
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"Time To End Monetary Central Planning"
Was decades, if not centuries, ago...
Absolutely.
Also... "to serve the plundering purposes of kings, princes, parliaments, and special interest groups..." seems to be missing something.
"Time To End Monetary Central Planning"
No. It's time to end monetary central planNERS... literally. End their breathing. A strong cord of hemp does the job quite well.
“In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.”
? Ezra Pound
It is time to end monetary illiteracy...
http://www.weaponsofmassdebt.com/
Mises doesn't tell the whole truth... Debt-money systems are prima facie fraud upon ordinary citizens!
Yes, the criminals running the fraud also want to central plan, but even without the central planning the debt-money system IS A FRAUD!
We also need to end physics illiteracy... a crushing force down will always be opposed by an equal and opposite force up - thereby decelerating the object doing the downward crushing.
The top of the North Tower of WTC DID NOT DECELERATE AS IT FELL THROUGH THE BUILDING, THEREFORE, IT DID NOT CRUSH THE LOWER SECTION OF THE BUILDING.
There are no ifs. There are no buts. Newton's Third Law recognizes this **law** of physics.
http://www.weaponsofmassdebt.com/index.php/blog/aitt-sir-isaac-newton-we...
The 911 "investigation" and report were carefully crafted to avoid discussion just this issue because they KNOW there is no explanation consistent with their false narrative.
It is not my opinion that 2+2=4.
It is not my opinion that $20,000,000 in money can't pay down $21,000,000 in debt (with the lender controlling the $1,000,000 required to make the debt payable).
It is not my opinion that a crushing force must have an equal and opposite force acting on the object doing the crushing.
It is not my opinion that such a marginal force will decelerate the crushing object as it makes contact and begins to crush the object below.
It is not my opinion that the top of the North Tower of WTC DID NOT DECELERATE.
It is not my opinion that the top of the North Tower couldn't have crushed the building below it.
These are all facts.
Incontrovertible facts.
------------------
Morpheus: What is the Debt-Money Matrix? Control. The Debt-Money Matrix is an [abstract monetary] world built to keep us under control in order to change a human being into this.
[holds up a Duracell battery]
Neo: No, I don't believe it. It's not possible.
Morpheus: I didn't say it would be easy, Neo. I just said it would be the truth.
...
Morpheus: The Debt-Money Matrix is everywhere. It is all around us. Even now, in this very room. You can see it when you look out your window or when you turn on your television. You can feel it when you go to work... when you go to church... when you pay your taxes. It is the world that has been pulled over your eyes to blind you from the truth.
Neo: What truth?
Morpheus: That you are a debt-money slave, Neo. Like everyone else you were born into debt-money bondage. Into a prison that you cannot taste or see or touch. A prison for your mind.
Obama will not finish his second term! Banned independent documentary reveals the truth. This will scare millions! Current Events Linked to Ancient Biblical Prophecy!
http://motivationdose.com/is-america-babylon/
Damn these sorry shits. Along with the fucked up political class and sucker many dick Obama fag, they are going to kill everyone and destroy the world. Satanic is a term that fits these sociopathic criminal insane fuckers.
I used to be all on board articles like this, but now I see them as pure philosophical dissertation.
Kind of like explaining to some super fat dude that chomping down big macs is bad for his health. Technically, you're absolutely correct, but good goddamn luck getting fattie to start eatin salad.
Besides, either of these is true:
1) they know they're all fucked up but they'd rather crash the system and hold on to their power than let go of their power to fix the system
2) They know PRECISELY what they're doing.
Everything the U.S. govt is involved with is so inefficient.
Taxation is a travesty
Military is in shambles, they have a bunch of new toys , half of which dont work and even if they did work I doubt they know how to use them effectively.
Just look at Russia, in just a few short weeks they completely ran circles around the U.S. , cleaning house is the middle east at a rapid pace while the U.S. essentially helped radical terrorists grow for the past 5 years if anything!
Russia in just a month or two has a chance to undo a decade of poor U.S. foreign policy by hitting the reset button in the middle east.
What exactly does our government even do well besides piss off its own citizenry and cause massive wealth disparity? 0_0 cause I cant think of one god-damn thing the U.S. govt excels at besides failing and fucking over its own people.
Name one damn thing the U.S. govt has done in the past 10 years that has done something good for day to day Americans... they cant even fix school lunches kids are eating moldy food made of plastic , North Korea can make a better school lunch than the U.S. govt which is just sad.
The U.S. is falling behind in every regard and being replaced on the global stage.
Russia and China are becoming the new Tag-Team super powers while the U.S. is rusting to pieces out in the rain, and rather than admit their mistakes and join Russia and China in comradery to achieve mutual goals they go against them its stupid and suicidal in the long run, the U.S. is on a path to self destruction unless things start to change around here.
Better late than never.
Any good ideas out there?
You fucking know it, cannot say it.
I suggest taking your favorite rifles, a number of magazines, and scopes out to the range. Take a couple paper plates and a couple dozen eggs. Walk 500 yards and set them up as your targets. Repeat until you can put five rounds in each plate that you could cover with a Silver Eagle, and one shot-one egg in rapid succession.
Remove the scope and start over with the iron sights. Continue until proficient.
Not there yet, but working on it. (Cataracts fuck with the iron sights.)
Id like to try the stall thing first. Violence is a tool in my bag its just not the first one I like to use. Besides its way more fun to tell the dickheads fuck off do it yourself. Then sit back and watch them try. They will fuck up everything so fast.
Its like that Berlin wall. That thing came down as soon as the people stopped holding it up.
At this point in time about all you can do is to help your friends and neighbors by talking to them about it.
All you can do, is all you can do
Is sing your old songs to somebody new
Let me paraphrase: End the Fed.
Easier said than done.
When You Wish Upon A Star - sung by Jiminy Cricket (Cliff Edwards)
http://www.youtube.com/watch?v=HKh6XxYbbIc (3:23)
I'm ready to buy new homes that are under water. The 0% has gone bust in using homes as a ATM. The Federal Reserve policy will move to NIRP to save face. It will become short lived. Watch the imbeciles in Washington DC on debt ceiling increase. This a new comedy hit to mask the real financial problems.
The Adventures of Photoguy - Episode 19 - YouTube
Time to end monetary heroin?
You are singing to the choir, but try telling that to the junkie banksters that want moar monetary heroin. And after they get high, they will want moar, and moar, and moar. The bankster junkie always wants moar. That apatite cannot be sated no matter how much monetary heroin you could possibly give out. Look at China's Ghost Cities if you don't get my point.
"Time To End Monetary Central Planning"
Who is going to end it ???
Cannot happen at the ballot box because the electorate is dominated by proletariat entitlement parasite cretins who love gummint freebies financed in part by the FED loading up on gummint debt (other part by strangling taxes on the earners) and lowest possible interest rates on consumer loans so they can shop til they drop for the stuff they cannot afford thru earnings.
So HOW and WHEN is the Monetary Central Planning going to be ended ???
It will be ended by forces outside the system.
Indeed yes,
Herodotus!
As I had elaborated in my reply below:
War was the father and king of all.
-- Heraclitus
Warfare was organized crime on larger and larger scales, while the existence of central banks was due to the prolonged and persistent applications of the principles and methods of organized crime through the political processes. Civilization is necessary factal patterns of organized crime, due to human beings living as entropic pumps of environmental energy flows. The intense paradoxes that we currently face are due to the degree that the biggest bullies' bullshit world views dominate the natural languages that we use to think and communicate through, as well as dominate the generally taken for granted philosophy of science.
The biggest and best organized gangs of criminals made and maintained civilization, and are therefore able to dominate the social stories that are told about themselves, including dominate the apparent opposition groups which they also controlled, such as all publicly significant religions and ideologies. Hence, it is not surprising that the so-called Austrian school of economics is merely another old-fashioned ideology, which is actually a form of controlled opposition, that basically stays within the biggest bullies' world views.
The relationships between human artificial selection systems, within natural selections systems, are hyper-complicated, as demonstrated by the current political economy being almost totally based upon governments ENFORCING FRAUDS by privately controlled banks, due to the POLITICAL FUNDING. However, there is NO doubt that: "It will be ended by forces outside the system."
Yes, that is the question to ask, InnVestuhrr!
However, I am not aware of any good answers.
The article above was yet another presenting superficially correct analysis, followed by collapsing back to bogus "solutions" based on old-fashioned false fundamental dichotomies, and the related impossible ideals, which are based on perceiving the mechanisms basically backwards, and which therefore always backfire badly, and cause the opposite to actually happen in the real world.
Central planning via central banks exists due to the ways that money is measurement backed by murder, which enabled the biggest gangsters, the banksters, to apply the method of organized crime through the political processes, to result in the current situation where governments enforce frauds by privately controlled banks. Therefore, theoretically speaking, the ONLY genuinely realistic resolutions to the real problems would require better organized crime, which operated better death controls, to back up better debt controls. Of course, that is quite politically impossible, due to the controlled opposition presented in the article above, which promotes impossible ideals, which are based upon understanding the mechanisms backwards.
So called "leading Austrian economists were Ludwig von Mises and F. A. Hayek" promoted transcendental poetry about "free markets," which deliberately ignored that the history of warfare was a kind of de facto "free market in murder," the outcomes of which were that the surviving War Kings created the powers of sovereign states, which were then covertly captured by the banksters, as the Fraud Kings, who applied the same principles and methods, as always existed. Namely, the only things that actually exist are the dynamic equilibria between different systems of organized lies, operating robberies.
The problem presented by central banks are due to the banksters' excessive successfulness based upon being able to back up lies with violence, which manifests as governments enforcing frauds by privately controlled banks. However, IF one is more realistic about how and why that happened, then one can not avoid the central issues are necessarily the death control systems. Indeed, the basic problem that the human species faces is that natural selection pressures have driven the development of human artificial selection systems to become based on the maximum possible deceits and frauds, as the most socially successful strategies.
Answers Investurr's question:
"Who is going to end it ???"
SHOULD be based upon deeper understanding of the hyper-complicated relationships between the artificial selection systems, within the natural selection systems, the core of both of which are their death controls. Plato's Republic raised the issues thousands of years ago regarding "Who will guard the guardians?" The answers are "nobody" ... except to the degree that natural selection pressures are the back-up systems that made and maintained artificial selection systems, and continue to be the only forces big enough to change things.
Transcendental poetry about "free markets" tends to deliberately ignore that the ONLY connections between natural laws and human laws are the abilities to back up lies with violence. That is how and why we ended up with governments as the biggest forms of organized crime, controlled by the best organized gangsters, which are currently the banksters.
All private property was based upon backing up claims with coercions, while money is merely the most abstract form of that, as measurement backed by murder. We are living inside of Wonderland Matrix Bizarro Worlds, where everything has been presented in the most deliberately ignorant and absurdly backward ways possible. There is nothing but a core of organized crime, surrounded by various layers of controlled opposition groups. The article above was another typical manifestation of that kind of controlled opposition, presenting superficially correct presentations of what the problems are, followed by impossible to implement "solutions."
Any genuine resolutions will require development of different death control systems, to back up different debt control systems. Magical words and phrases, such as "free markets," tend to be deliberately meaningless. Such approaches do not answer the questions regarding the rule of law, which would have to actually exist and be enforced, in order for any such rule of law to survive. There are intense paradoxes which are inherent to the enforcement of any rule of law! Generally speaking, those who promote their transcendental poetry about "liberty" tend to deliberately NOT connect natural laws to human laws.
Meanwhile, I have gotten used to that being quite common, and indeed, "normal," to the degree to which it is practically impossible to engage in anything remotely like a rational debates about political economy. Therefore, at the present time, it is politically impossible to prevent the established systems, based upon POLITICAL FUNDING ENFORCING FRAUDS, to not automatically drive civilization to become even more criminally insane, as demonstrated by the ways that political economy is based upon electronic frauds, backed by atomic bombs!
We, the sovereign People, end Vatican banker-intermediaries Rothschilds' (et al) and Rockefellers' unconstittutional money scheme by bringing their false-Jew Talmud/papist Organized Crime Fifth Column to justice for the crimes and treason they are known to have committed, including the assassination of President Kennedy for ending their money scheme (EO11,110) and ordering our military withdrawal as papal catspaw in Rome's latifundial estate of Indochina (NSAM263); and 9/11.
The banker uebermenschen myth dies.
Oh don't worry, central planning is dying in its own shit. Nations and Empires have died since recorded history because the coinage was debased over time.
It could be the thing that is different now is that technoloby has speeded up the process. A few keystrokes and you've created digital "money." Another few keystrokes and a large number of people realize it. A number of the provinces are already showing signs of rebelling against the Emperor's central bank.
can we assume the author doesn't work on Wall Street and isn't a billionaire?http://www.telegraph.co.uk/news/worldnews/northamerica/usa/11918181/SS-U...
Ending monetary central planning is not enough. Elitists need to be prosecuted and jailed.
Meanwhile, crack a beer and sing this!
www.thatguybloke.com
"Money and Banking is Too Important to Leave to Central Banks..."
Scanning I don't see bullets for the Actions of Monetary Policy nor Mission, Objectives, Goals of Central Banks.
- Pretty Sure, Treasury, US Congress, and Banking hs to have mechanism to influence Money Stock, Government Credit, Money Creation, Financial Instruments, and the effect on the world reserve currency
Developed Markets, Western Countries need:
- Financial Ratings Agencies
- Accounting, Financial Statements
- Financial Standardization
Epic Fail
- There is little Standardization in the USA regarding State Budgets, Accounting, Financial Instruments, Derivatives, Financial Ratings, Debt or Leverage Levels for all organizations...
- Simplify, Streamline, and Standardize govt rules, taxes, laws, foreign policy, domestic policy, corporate overhead, corporate rules, corporate looting against investors, capital flight, capital looting, capital hoarding, unpatriotic corporations, tax, financial, and off shore protection for capital as in tax havens, corporate havens, and off shoring schemes
- Term Limits, Financial Conflict of Interest, Gift Giving, Money as Speech, and Money's Influence on US Congress must match desire to limit federal service, limit political appointees, limit federal employment tenure, limits on federal lobbying tenure, and congressional tenure.
But this is only if you want to end fascism.
What is central bank system?
Its just like a mechanical clockwork.
The big gears move the smaller gears
The Fed moves the central banks of other countries
In a way all the economy is controlled by the greedy kaballahCentralBank The Fed
In other words all the countries' economies are at the mercy of Fed.
Its time to end this Neo-Eco-Colonialism by remote control.
Looking at the way America behaves with other countries, toppling govts, installing dictators, destablizing countries using CIA funded NGO led mass protests ;
It is time to delink & do away with central banks.
Abolish central banks & dollar trade
& save your country fron Evil American hegemoney
Federal Reserve notes are not dollars.
What central planning. There is only central manipulation, or does adding and removing obstacles to market efficiency somehow qualify as 'planning'.
ZH ur on fire tonight - not just this article but several others and I guess you would be on fire with so much bad (good) news going on - but hey I'm one of those that's says let's get it on - time to see some of the causeres feel some pain. :-) let's give a year to play out I could use the time to get more prepared.
PEACE
Time to end corporate central planning.
Get rid of the board of directors and let employees act as individuals.
I down voted because of the second sentence. it was a foolish unthinking statement.
Why did Governments create Central Banks?
As a backup for bankers that were unable to run there businesses successfully and to put an end to bank runs.
Maybe a better solution would be to do away with fractional reserve banking that bankers are unable to manage successfully.
All these "Time to end ..... " articles are BS. It will never happen, it will come crashing before anyone realise it.
I do not agree that it is BS but it was time to end was when they got started.
Im disapointed tyler, im surprised that there is any form of downtalking comming from you about government created fiat currency. Isnt that the final solution to the problem of the jewish private bank that prints fedreal reserve notes today?
debt free money creation is a fundamental principle of every sovereign nation and a power granted to congress in the constituion, so shouldn't a nationalist reform of monetary policy be the answer to the central bank problem? money creation out of the hands of jewish private bankers and into the hands of congress giving the orders to the bureau of printing and engraving?
the Constitution prohibits paper money see article 1 section 10. In addition the founders voted specifically to prohibit the power to issue bills of credit on the United States.
The only way to end this - is with technology. Democracy/Capitalism as we have - wouldn't be possible without technology. The only way to prevent goverments from printing money - is to prevent them from being able to hide the consequences - i.e. inflation. Gold prices can be manipulated with paper gold - since gold trading is based on a few centralized authorities. But they can't do this with Bitcoin. The solution is - decentrlized currency i.e. Bitcoin or something similar. With bitcoin the govement and central banks can't hold you captive inside their matrix. Bitcoin allows you to escape into noone's matrix.
Very true I agree with you on the decentralization with crytpocurrency but the sheep will always need fiat paper to keep things simple like those still using flip phones so I was keeping it in context with the issue of fiat currency. cheers mate
Hayek said that central planners decide, and thus intentionally HURT one group and HELP another...
Savers have been HURT for 7 years....and borrowers and speculators and stock buybacks have been subsidized....
THEY WIN!
The fed has taken a fair return of money and given it to the biggest borrowers....the government.
Curious that the unelected bodies in this country, the Fed and the SCOTUS are taking the country down...
Democracy? Republic? Insiders.....
I agree as you say, "Print up money..and you can have access to all the hard work of others".
Not only do you have to eliminate central bankers, you also have to eliminate government at all levels.
Only then do you eliminate corruption and make yourself globally competitive in an over-populated world. You immediately address the two most pressing problems that threaten our survival.
A third benefit of anarchy is the introduction of the nearly 4000 patents of free energy that have been suppressed by our corrupt government. Also anarchy does not necessarily lead to chaos as we've been led to believe.
All affairs between men can be addressed through contracts between private paying individuals, guns, shame and the internet.
When this is all over, government and not just central banks, is going to have such a bad name that we're going to see a clamoring for lean, local, individual contracts managing roads,
bridges, title offices and whatever else people see an absolute need for, that the free market can't address on an individual basis.
"In a nutshell, Janet Yellen and the other members of the Fed’s Board of Governors have no idea what to do."
How many more stupid articles will be written like this? Of course they know what they're doing. Whatever will bring about the destruction of the USA and move us toward the One-world-govt and currency that Rockefeller said we'll have whether we want it or not, is what they'll do.
Once they rid themselves of those pesky European cultures that believe people are born free, then things will go nicely for the intl bankers and their families.
The false-Jew bankers do the work of Rome's false-elite (viz. "Bilderberg," née "Aristocrazia Nera") now, with their 9/11-committing, mass shootings-staging, Big Media-operating Organized Crime mishpochas, no less so than were their "Synagogue of Satan's" Khazar ancestors' impaling tens of thousands of Christs and Immanuel, then, to build the Roman Empire/Church on mass terror.
Our founder and prophet, Mr. Jefferson was correct: their conjoined "good cop/bad cop" psychopathy constitutes "an engine for enslaving mankind," "the real Anti-Christ" we came here to Isaiah's actual "Zion," "New Israel," in express covenant with God to escape.
Those who blame "Jews" alone, shield Rome (intentionally perhaps) and damn the true Jews - Isaiah's "righteous remnant of the House of Israel" who simply love God and seek holiness and righteousness - we Zion-founding Gentiles are directed to "shelter" here in God's "Promised Land," usurped by Gog and Babylon (Zio-papist/fascist/Talmud Khazars), as also prophesied.
Justice for John and Martin, for Pat Tillman, and for our dead of Vietnam, 9/11, Iraq, and Afghanistan: Death for Treason