Thursday, March 01, 2012 – by Staff Report
Dominant Social Theme: More is better. But each bank "does its own thing."
Free-Market Analysis: It is a much denied fact that what may be called a New World Order is continually being developed at the highest reaches of power. But what is less well known is the amount of coordination already developed between the facilities that provide the engine for global governance.
Central banks are separate banking facilities and responsible for various elements of their country's economies. Some are operated at an arm's length from government but all are likely, one way or another, controlled by the Anglosphere power elite.
This elite is apparently made up of great Jewish (elite) banking families along with corporate, religious (Vatican) and military interests and they have continually pushed forward with their homogenizing agenda. The general public is not supposed to be aware of this, of course, and Western media is not supposed to explain it.
It is, in fact, a kind of sub-dominant social theme – a promotion of sorts. The idea is that countries are generally driven by independent monetary and economic agendas. The world does not run from the top down.
And yet, we can see increasingly frank indications that Western media, especially in the US, is beginning to state the obvious: Monetary policy is being coordinated worldwide. Here's some more from the article:
Central banks have revealed no plans to reverse course and tighten credit soon. The Fed has said it expects to keep short-term rates at record lows near zero until at least late 2014. At a House hearing Wednesday, some lawmakers pressed Bernanke about the risks of keeping rates so low for so long.
"One of the problems with setting these horizons out so far is that the private sector starts to expect that, and if circumstances change, crawling back off that limb could be very difficult," Rep. Melvin Watt., D-N.C., told Bernanke. "The policy is a conditional policy," Bernanke responded. "It's based on what we know now. If there's a substantial change in the outlook, we'd have to adjust accordingly."
Bernanke hinted that if the U.S. economy continued to improve consistently, the Fed might have to consider raising rates sooner. For now, following the Fed's lead, other central banks have kept their benchmark short-term rates at super-lows. They've created low-rate lending programs for commercial banks, like the three-year loans the ECB is providing.
We can see from this article's initial excerpt and the one above that the elite narrative is a simple one: The Fed has responded adequately to the problems the world has faced since the 2008 meltdown and that other central banks have taken their cue from the world's greatest and best-run central bank to follow along.
The article also mentions bond purchases known as "quantitative easing," or QE. This is just a fancy way of saying the Fed is printing money and buying paper instruments that the market would otherwise value with far more severity.
In Europe, the central bank is pursuing a policy similar to the Fed's, as is the Bank of England. Earlier this month, the article informs us, the Bank of Japan strengthened its asset-purchase program.
And the Bank of Japan, according to the article, has also been cutting short-term rates aggressively and basically giving money away to the commercial banks that then distribute the "funds" to the public.
Here's a telling quote, according to the article, from David Jones, head of DMJ Advisors and Fed researcher and book author: "Everyone is following the Federal Reserve's example of printing money to get out of this economic slump."...Finish reading @Source DailyBell
