Ovako se izrazio Carrol Quigley ranih 1960-ih: "Moćnici financijskog kapitalizma imaju jedan dugoročan cilj, ništa manje nego stvoriti svjetski sustav financijske kontrole u privatnim rukama koji bi bio stanju dominirati političkim sustavom svake države i globalnom ekonomijom u cjelini. Ovim sustavom kao u feudalnom dobu upravljaju svjetske središnje banke zajedničkim djelovanjem kroz tajne sporazume, česte privatne sastanke i konferencije. Na vrhu piramide ovog sustava stoji Banka Za Međunarodna Poravnanja (Bank for International Settlements) sa sjedištem u Baselu u Švicarskoj, privatna banka u vlasništvu i pod kontrolom svjetskih središnjih banaka koje su same po sebi privatne korporacije. Razvoj i širenje financijskog kapitalizma su omogućili centralizaciju kontrole nad svjetskom ekonomijom i korištenje ove moći za izravnu korist bankarima na štetu svih ostalih ekonomskih grupa".
Oni koji traže dobre vijesti ih mogu naći na Islandu. Međutim, dobre vijesti za Island su ujedno i loše vijesti za Veliku Britaniju i Nizozemsku. Nekih 93,1 posto islandskih građana je na referendumu glasovalo protiv sporazuma s bankama, masivno "Ne" je zasigurno jasan signal javnog gnjeva.
The banks that control the world’s supply of money are no better than counterfeiters – and their system of juggling debt has left the global economy teetering on the brink of ruin.
March 3 (Bloomberg) -- House Financial Services Committee Chairman Barney Frank asked Federal Reserve Chairman Ben S. Bernanke to investigate allegations of Fed involvement in the Watergate scandal and Iraqi weapons purchases in the 1970s and 1980s.
Representative Ron Paul asked questions about “inappropriate political interference” and “hidden transfers of resources” during a Feb. 24 hearing with Bernanke, and the allegations “must be fully investigated,” Frank said in a letter today to Bernanke and obtained by Bloomberg News.
The head of Germany's debt agency has warned that Greek withdrawal from the euro would have calamitous effects and destroy Europe's monetary union. "If one member of the eurozone were to step out for any reason, this would be a collapse of the entire system," said Carl Heinz Daube, director of the Finanzagentur. "It would mean that after ten years, the euro experiment has ended."
And with that Japan joins the competitive devaluation currency race, in which both the SNB and Federal Reserve have a substantial head start (the euro and the fat Brussels bureaucrats are in a ouzo daze, with no clue what the hell is going on). Speaking before lawmakers BOJ governor Masaaki Shirakawa, who recently said Japan was powerless to fight deflation on its own, has changed his tune, and today said that Japan will print the kitchen sink if it has to to beat "stubborn deflation."
In a speech before the Lower House Budget Committee Shirakawa said that not only will Japan continue monetizing its debt (at least unlike Bernanke, he admits it), but that they will happily accelerate this action if it means killing the Yen and creating a glimmer of hope for inflation. Carry traders everywhere rejoice.
In a speech before the UK Treasury Select Committee the Chairman of Goldman Sachs Bank, Gerald Corrigan, who also happens to be a former New York Fed President noted that it is not Goldman who is at fault in the whole Greek swap fiasco but Eurostat, "which was consulted on the transaction at the time it was entered into and which offered no objection." What is troubling is Corrigan's revelation that "Goldman Sachs was by no means the only bank involved with countries in these types of transactions... These transactions were not limited to Goldman Sachs and Greece." Just whose debt numbers will be put under the microscope next?
Charlie Munger, Warren Buffett’s longtime business partner in Berkshire Hathaway, warns in a new column that the U.S. economic empire is crumbling before our eyes, thanks to federal debt and poor planning.