Busted: Bankers and The Global Economy

August 20, 2008

What’s the Digital Economy; Does it Matter?


busted: bankers

For the past two centuries, the hallmark of the American economy has been that the United States is almost always first in inventing and implementing cutting-edge technologies. That has been true in every area from ranging from semiconductors to computers, vaccines, pharmaceuticals, automobiles, electronics, aeronautics, TV and radio, but has been diminishing. The economic and creative engine that drove world technology has been decentralized. Exploration and hard work is no longer the main focus of technology, but rather, control of what exists has become the focus of technology. Mankind has adopted a kind of fatalistic mindset of self-imposed limitations in the name of global power and influence.

Even United Nations reports find that the United States is no longer a world leader, but instead has become a follower in the development of technology. This has had somewhat of a chilling effect on the development of publicly-held technologies. World-ruling economic governments no longer hold the power they did, but have essentially relinquished the power to a fascist global corporate oligarchy in the name of expedience, money and the appearance of regional political power over people.

What makes the electronic age of computers so important as it encompasses the globe is that this technology is the means that the coming world will be ruled with. You will be tracked through the very products that you buy and the appliances that serve you via a worldwide global internet, a springboard of what you enjoy now. With that power comes the ability to monitor and ultimately control the population that ultimately must hold the technology in order to function in lockstep with the evolving scope of the new global powers.

The United States is in the middle of this transition politically and philosophically. More and more plaudits and support are given to global thinking and global authority. The new philosophies of climate control, environmental preservation, population support and monetary control are showing themselves to be a new norm in the scope of world influence. National sovereignty is being disposed of in favor of a new brand of global security.

This makes the digital economy very important and a currently misunderstood watchword for a new global movement that, in reality, is happening under our very noses. This movement is all about control of the individual in the name of securing profit and power. Every authority wants to carve out its own niche and is in process of doing so as you read this.

The application of technological change is akin to a lobster being slowly boiled on a stove. The lobster is unaware of the gradual change is its environment until it is too late. The same is true with the technological digital economy that the world is adopting as the ultimate source of connectedness. The truth is that the lobster in the pot is the privacy and freedom that sooner or later, every man and woman craves. By the time the corporate oligarchy is finished with the new system and implementation of the new global mindset, free thinkers will be under the watchful eye of power and subject to full control. This isn’t a sick or twisted conspiracy theory. This is the coming global reality, partly in place at this time.

Soon, in the name of security, you will be willing to give all nature of former rights that you have held and you will convinced be that you are doing yourself a favor. You will become safe as a ward of the State, a new global power that is ready to unfurl its influence on a largely unsuspecting world.

This digital economy involves politics, technology, government and business with the chief purpose of an orderly world built to drain the global population of every economic resource to achieve the ultimate in control and economic redistribution across the globe. It started with the central bankers nearly a century ago and they aren’t finished yet. Get ready for the digital economy coming straight to you.

This coming reality is no small thing. To the uninitiated, it seems outlandish and otherworldly. Current events and realities say otherwise. This has been the functional purpose of this blog from the beginning. Prepare to enter a brave new world sponsored by the International Society of Bankers that rule it.

September 29, 2007

Fed Addresses Banking Risks

Governor Mishkin speaks out of both sides of his mouth as he addresses the vulnerable market and systemic risk to the banking system. He speaks of disruption of information flows. Why is there a communication problem between bankers in international banking? He stresses the risk management role as central banks cannot be a “lender of last resort” in third-world countries.

“After the calm of the past several years, the events of this summer are a strong reminder that our increasingly globalized and sophisticated markets are still vulnerable to systemic risk. When we speak of systemic risk, we mean the risk of a sudden, usually unexpected, disruption of information flows in financial markets that prevents them from channeling funds to those who have the most productive profit opportunities.”
~ Governor Frederic Mishkin at the Tenth Annual International Banking Conference, Federal Reserve Bank of Chicago, Chicago, Illinois on September 28, 2007

Systemic Risk and the International Lender of Last Resort

September 25, 2007

Fed Discusses U.S. Competitiveness Concerns

Filed under: banking, federal reserve, government, money, politics — Tags: , , , , , , , , — digitaleconomy @ 10:20 am

Bernanke discusses the importance of education and training for the global labor market. I hold that as a nation, we do entirely too little to train and retrain workers in this country. The Bush Administration and previous administrations would rather give money away than retrain or actively assist workers in employment efforts to keep the economy and gross national product strong. Bernanke is very mild is expressing the true need for training, instead emphasizing higher education as an earmark for success.

“Ongoing globalization of economic activity will also lead to continuing changes in the structure of the U.S. economy–including the composition of our output of both goods and services, and thus the structure of our labor force. The world economy is benefiting from the expansion of trade and the rising productivity of countries abroad that are making great strides expanding both their infrastructure and the educational attainment of their workforces. That can be good for them, and for us. Importantly, our ability to reap the benefits of globalization will depend on the flexibility of our labor force to adapt to changes in job opportunities, in part by investing in the education and training necessary to meet the new demands (Bernanke, 2004).”
~ Chairman Ben S. Bernanke at the U.S. Chamber Education and Workforce Summit, Washington, D.C. on September 24, 2007

Education and Economic Competitiveness

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