Are enough people waking up to make a difference like this cartoonist? Click on the image to enlarge it.
Central banks create “money” from thin air, call it quantitative easing, sell it as “public debts” or “treasury bonds” to get interest payments, and people are in awe of fancy papers and words they don’t understand.
Banks do the same, while talking about “financial products”…
And governments? They play along and betray their tax payers. That’s why the Treasury gets staffed with Bilderberg attendees.
Institutions live longer than people. They follow the money to employ people. In 1694, the Bank of England was the second central bank after the Swedish Rijksbank 30 years earlier…
Same circus, different clowns!…
Posted in Banks, Campaigning, Central Banks, City of London, Credit creation, European Central Bank, Federal Reserve, Government debt, Money as Debt, Nation States, National debt, Public debt
Tagged Central bank, Government, Quantitative easing
This article can be found on Finance and Economics, the website of ecnomist and former banker Alasdair Macleod.
However, his quote “Zero interest rate represents the most serious mispricing of money. It does not contribute to producing the savings industry requires for recovery.” indicates that he sees “money” only as a product.
I refer to his article here mainly to illustrate the “games” central bankers play
- with governments – through “government bonds“
- the value of money – through “freshly created paper money“
- the price of gold and silver – through price suppression schemes that GATA has been pointing out for years.
Alasdair Macleod predicts the “death” of money, by comparing with history in the 18th century. I shall not join him in predictions. But I do hope that the current trends will NOT continue!
Posted in Central Banks, Credit creation, Government debt, National debt, Public debt, Sovereign debt
Tagged Banknote, Central bank, Federal Reserve System, Government bond, Inflation, Medium of exchange