This full article is only accessible to subscribers. But the beginning gives enough away to understand how the Federal Reserve and other Western central banks create smoke and mirrors with their reporting than any truth.
Anybody still believing in the ‘goodness’ of any central bank for its country or currencyzone will hopefully begin to question and find our for themselves.
The author is one of the regular contributors to GATA – The Gold Anti-Trust Action Committee – consisting of professional investors in gold.
This article in the Australian Daily Telegraph yesterday is nicely coincidental, as I have decided to publish this blog in English, having launched the equivalent in German in November 2009.
After all, the Bank for International Settlements (BIS) in Basel, Switzerland, is the central bank of all central banks. Furthermore, the European Central Bank (ECB) in Frankfurt, Germany, is the first of “regional” central banks that are planned by the globalisers.
In contrast to us localizers, globalisers aim at one world government with Special Drawing Rights as one world currency and the International Monetary Fund (IMF) as global central bank.