FedUpUSA

Archive for the ‘Central Banks’ Category

Coming off the heels of a fantastic performance in recent local elections, the UKIP under the leadership of Nigel Farage continues to make waves in both the UK and the Continent itself. In this case, I refer to a recent powerful performance at the European Parliament courtesy of Godfrey Bloom (UKIP), member of the European Parliament.

For many years, I have stated that Ben Bernanke was and is committing crimes against humanity, and would one day stand trial much like the war criminals at Nuremberg. It appears I am no longer alone in echoing such sentiments, as Mr. Bloom has just done so before the European Parliament.

I once said that Nigel Farage is Category 5 political hurricane.  That hurricane has landed.

h/t to globaleconomicanalysis.blogspot.com for unearthing these gems.

A Lightning War For Liberty

Still no recognition of reality over in Europe….

Cash-strapped Greece on Tuesday raised the money it needs to avoid default when a Treasury bill matures later this week, but investor nerves are unlikely to be calmed as negotiations for the next slice of much-needed aid continue.

The rift among Greece’s official lenders over how to pare the country’s growing debt pile spilled into the open late Monday, complicating efforts for an agreement that will free up a long-delayed aid payment to the country. The European Central Bank’s reluctance to provide additional money to Greek banks poses a risk to the government, which in order to keep afloat has depended on support from local banks to sell its debt.

Repeating lies does not make them truths.

Fiscal deficits are identical in economic form and function to a tax, but that tax falls not only on income (“earnings”) but also on saved capital, and as a consequence is extraordinarily destructive to capital formation and thus economic progress.

“Financing” such deficits is identical in form and function to abusing stimulants to evade the requirement to sleep.  It “works” in the short term (that is, it allows you get up and go to work) but it slowly destroys the economic vitality of the nation (as this abuse destroys your health over time) and thus makes it more-difficult to find a sustainable balance and increases the amount of damage you must absorb when you cease the abuse.

The longer the lying goes on the worse the problem is.  Greece and the European Union cannot resolve their problems until they tell the truth.  The media is not doing its job so long as it continues to be a part of the lying.

The United States cannot find a solution so long as we lie about the same thing; there is no simply no solution that comes from continued deficit spending, no matter how we allegedly “finance” it.

Greece is now headed for the wall with the pedal mashed to the floor, and the remainder of Europe is right behind them.  Some time in the new year, by my best estimate, Italy, Spain, France or all three will hit that wall.

And so, incidentially, will we in the United States.

IS THE ONGOING GREAT RECESSION THE FINANCIAL EQUIVALENT OF A NATURAL DISASTER OR A MAN-MADE ONE? THE ANSWER IS THE LATTER, AND IT, AND THE PLUNDER OF THE POOR AND MIDDLE CLASS THAT FOLLOWED, WAS INTENDED FROM THE BEGINNING.

Those who aren’t aware of the skullduggery going on in the EU may be less prepared to accept the fact of a worldwide conspiracy to steal from the poor (middle class) and give to the rich (bankers). They may think this is purely a U.S. phenomenon and that U.S. economic/financial conditions have forced the hand of government to take tax payer money to bail out banks–to save us all.

But those who are watching the EU counterparts of U.S. officials realize that there is obviously more to this than meets the eye. After all, it would hardly be a coincidence if crises spontaneously arose on both sides of the pond that “forced” government to steal from us and give to the rich bankers who implemented bad policies.

I showed in my last article that the U.S. bailouts are inconsistent with the Constitution. Here we see that they are unlawful in the EU as well:

http://www.centralbanking.com/central-banking/news/2103850/eu-bailout-rule-strengthened-bundesbank

Article 125 of the Treaty on the Functioning of the EU, often referred to as the ‘no-bailout clause’, states that a member state “shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of another member state, without prejudice to mutual financial guarantees for the joint execution of a specific project”.

Folks, there is no way that this is happenstance.

It was planned as a man-made crisis to impoverish us, in keeping with the mandates of Agenda 21.

As things now stand, they can take anything they want. First, they overrode the laws and constitutions, claiming the crises — which they created — justified this. Then they plundered ruthlessly, all the while pretending they were “doing everything to help.”

The linked/quoted text shows that the bailouts that have been implemented throughout Europe are illegal. Yet few seem to care or notice.

Anyone with normal mental faculties must know exactly what is happening throughout the Western world.

First, they took the fruits of our labor. Next they could claim our lives if they so desired. No, that is not at all far-fetched. Their meddling in the Middle East has cost the lives and fortunes of minorities there, especially Christians. Why would they spare you if they see you as a dissenter?

We must get control of our governments or lose everything.

Donald Hank – American Daily Herald

The astounding hubris of central bankers is comical, but the consequences of their actions are playing out as needless tragedy.

Central bankers present themselves as Masters of the Universe. They are, but only in their own little Theater of the Absurd. In the real world, they are as clueless as any other mortals about the unintended consequences of their actions and the speed with which the corrupted, unsustainable financial Status Quo will decay and die.

The only attribute they possess in abundance is hubris. Their claims to godhood are comical when viewed in their little Theater of the Absurd, but they become tragic when the consequences of their actions play out in the real world.

Their job, such as it is, is to deflate a tottering system based on phantom assets slowly enough that it doesn’t implode. Stripped of mumbo-jumbo, their strategy to accomplish this is to inflate other phantom assets to replace the phantom assets that are falling to zero.

All their promises, preening and posturing boil down to patting their breast pocket and speaking vaguely about a “secret plan” to end the crisis without bringing down the system that spawned the crisis as a consequence of its very nature.

There is no secret plan, of course, and no secret financial weapons; all they really have is artifice and the hubris to present artifice as reality.

To admit the usustainable is not sustainable would bring the entire rotten edifice crashing down, so the central bankers invite us into their little Theater of the Absurd and evince a phantom confidence in their phantom solutions that depend on phantom assets.

A swollen cloud of doom hangs over the central banker’s little Theater of the Absurd;all their chest-pounding hubris and empty confidence is artifice, as phantom as the assets they claim will replace the phantom assets that have been destroyed by exposure to reality.

On their absurd little stage, they claim the Emperor’s robes are thick and fine; and we laugh, bitterly, for these threadbare lies are all they have to “save” a parasitic, predatory, anti-democratic financial Status Quo.

Charles Hugh Smith – Of Two Minds

That pretty much sums it up.  Many of us have known this truth for a while.  What’s stunning is that this was on the mainstream media.  Wonder if there’s any chance that people are waking up?