Thursday, October 31, 2013

Central Bankers Prepare to Flood the World with More Funny Money

This story from the New American. Just what we need to ruin the dollar faster. I think that's their plan.

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Bruce

'Recent comments by the head of the Bank of England, the U.K.’s powerful central bank, offered further evidence that Western central bankers are preparing to shower even greater quantities of fiat currency on private banks and financial institutions — all at public expense. Already, tens of trillions of dollars’ worth of debt-based currency has been created out of thin air by the Federal Reserve, the BoE, the European Central Bank, and other central banks to prop up private mega-banks and wild spending sprees by government amid the economic crisis. With help and guidance from the BoE’s new governor, Mark Carney, analysts say all of that appears set to accelerate.
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Of course, the BoE’s new policies are hardly happening in a vacuum. Carney, the central bank’s new governor, is also the chairman of the innocuous-sounding “Financial Stability Board.” The FSB, concealed behind its uninspiring name, is quietly working to develop a new global regulatory regime. Hosted by the Bank for International Settlements, a secretive but immensely influential powerhouse that functioned as a virtual arm of Hitler’s mass-murdering National Socialist (Nazi) regime during World War II, governments and central banks around the world are closely coordinating their monetary and regulatory gimmicks through the FSB.
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“The powers of financial capitalism had a far-reaching aim, 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,” wrote Prof. Quigley, who agreed with the goals but not the secrecy. “This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences. 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.”

In other words, the planet’s central bankers — including Carney, who leads the BIS-hosted FSB — are all working together to build a world order that will benefit the establishment at public expense. According to analysts, though, the BoE chief’s latest announcement helps shed some light on what is currently being planned on the road toward that end goal. Looking past all of the needlessly complex terminology used by central bankers to conceal the true nature of their activities — referring to the swindle of creating even more fiat currency out of nothing as “Quantitative Easing,” for example — the picture that emerges has critics up in arms.
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In the United States, the Daily Bell and numerous other analysts have noted, Big Government and “Quantitative Easing”-aficionado Janet Yellen will do the same after taking over at the Federal Reserve from “helicopter” Ben Bernanke, who helped funnel some $16 trillion to big banks around the world amid the crisis. The privately owned Fed, meanwhile, just announced that it would continue injecting $85 billion a month into the economy by gobbling up more U.S. government and mortgage debt.'


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