Busted: Bankers and The Global Economy

November 7, 2008

Obama Promises Change: Fed Wants Control

conflict-of-power Obama FedWith the election of the new 44th U.S. President of the United States, the mandate of U.S. politics has been clarified. The hope of much of the American populace has been ignited. The Federal Reserve and the global consortium of central bankers aren’t nearly so excited, showing a typical understated and conservative resistance to change that doesn’t put them in the driver’s seat.

Apparently Kevin Warsh, Governor of the Federal Reserve believes that the world should look upon the financial hell of the last year with a hint of reminisce. “This challenge of creating a new financial architecture is hardly unique to the United States. The difficult choices made by policymakers and market participants around the globe will have real implications for future growth prospects.” That is in fact what many world leaders are intently interested in at the projected global financial summit that is planned at U.N. headquarters in New York City. The wild promotion of the financial summit is driven by the desire to change the current financial architecture.

Warsh spews plenty of bankerspeak which essentially boils down to this summary: the new financial architecture must be properly understood, in full recognition of current business relationships and restrained accordingly. Not so coincidentally, this recommendation would keep the control firmly among the International Society of Bankers, the loosely amalgamated brotherhood of central bankers headquartered in Switzerland and Rome.

Warsh correctly blames the current financial crisis on inadequate market discipline, excessive reliance on credit ratings coupled with poor credit and liquidity risk-management practices by many financial firms. However, until recently, the Federal Reserve has been unwilling to promote any changes, instead promoting the vaguely governmental mantra of financial literacy.

Warsh recognizes the global economic challenge, but does not admire the “implementation of well-intended housing policies.” Instead, the central banking consortium clearly sees the new financial architecture solely in business terms that will fuel economic growth, a clear promotion of continued Republican financial policy that has been gradually adopted over the last several decades. In essense, the advance of Republican power, policies and laissez-faire trickle-down economics has bolstered the role of not only the Federal Reserve, but the global power of central bankers through the power and prestige of the dollar, now firmly under their control.

The new Obama administration has more to fight than mere Republican policies. They must come squarely to terms with global bankers that currently hold the keys to their financial success. With the current fiscal situation of this nation regarding the fiat money of the dollar, the bankers have politicians largely where they want them. Arguably, John F. Kennedy lost his life as a result of opposing the global central banking community. They still hold the same power of life and death in the world today, only more so. ~ E. Manning

August 24, 2008

To Know Inflation is to Love Inflation

A recent survey of top economists shows that many are growing more concerned about inflation and slightly less worried about mortgage and credit market problems. Economists love to worry, based on the terms of their limited value in the system altogether. They love to measure, calculate and count beans, but somehow are most always wrong. Someone else is always more right depending on the politics. The devil, you see, is in the presentation.

The financial crisis that has pounded the United States, coupled with higher inflation than the Fed cares for, is taking a larger toll on the U.S. economy than planned and poses a major challenge to the Fed’s ability to restore order. The Fed has a planned inflation rate, which is essentially the fee they charge, along with copious interest charges, to support the International Society of Bankers, the bevy of global central banks. The more money they generate, the more they can send to Rome and Switzerland to horde more gold and precious metals.

In fact, you could consider inflation a good thing. Why? Everyone, all the way to the top, suffers a loss of buying power because of the slippery slope of inflation. Inflation forces creativity upon the business world and the land of government. Still, nobody is more creative than central bankers, as they invent more ways to snatch the lifeblood of your labor. The theft of inflation is real. Inflation is a planned part of international banking prowess. Bankers may be riding a wave of wealth, but they don’t get to enjoy it. They store and horde their wealth with only the thought of building more to horde more. It’s a sickness that never ends. If you like revenge, bankers have it coming, whether in this world or the world to come.

April 25, 2008

Seduction of Investor Profits Continues

The new Home Ownership and Equity Protection Act was recently discussed by Federal Reserve Governor Randall Krozsner. Naturally, he mentioned the Hope Now Alliance, what he calls a broad-based coalition of government-sponsored enterprises, industry trade associations, counseling agencies and mortgage servicers. This alliance is working to find ways to help borrowers through the lengthy loan modification process.

The alliance is working on ways to standardize the loan modification process for sub-prime and alt-a loans to provide the relief needed for distressed borrowers. Unfortunately, each modification is done in a slow case-by-case basis at this time. They have not figured out a way to automate the process. (more…)

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