Have the old heads of the British colonial heritage private central banking old boys pyramid fraud network been trying to warn their progeny that if they got even greedier than they are, they would not be able to keep the pyramid fraud stable and may end up with only ashes in the mouths of all of society and their own? The Bank of International Settlements (BIS) is essentially the board of directors of the British colonial heritage private central banking network. Even some among the directors have stated in the most recent annual report of 2014 that some of their own have gone way to far in their actions, as stated in this section that was titled - In need of a new compass - the BIS remarks in its report, it is essential to move away from debt as the main engine of growth. .... The temptation to postpone adjustment can prove irresistible, especially when times are good and financial booms sprinkle the fairy dust of illusory riches. However, as they go on to point out, the consequence is a growth model that relies too much on debt .... and which over time sows the seeds of its own demise end quote I put up for consideration that even former longtime Governor of the private owned US Federal Reserve - Alan Greenspan - was back in 1997 trying to curb the ways of some of his own within the private central banking mafia that their actions were risking blowing the lid on their grand scale counterfeit credit pyramid scam; minneapolisfed.org/publications_papers/pub_display.cfm?id=3629& Alan Greenspan 1997 said - There is a key policy issue that we must confront in the process of maintaining financial stability in a global economy. That is the division of responsibilities for containing systemic risk between the public and private sectors. This division of responsibilities in turn rests on the scope of sovereign credit extension and the private hurdle rate for the cost of capital...... The central bank and the finance ministry—can issue unlimited claims denominated in their own currencies and can guarantee or stand ready to guarantee the obligations of private issuers as they see fit. This power has profound implications for both good and ill for our economies........ Pressures for increased credit unrelated to the needs of markets emerge not only as a consequence of new government debt obligations, both direct and contingent, but also because of government regulations that induce private sector expenditure and borrowing...... Accordingly, central banks must remain especially vigilant in maintaining a proper balance between a safety net that fosters economic and financial stabilization and one that does not. It is in this context of competing demands for resources and the governments unique position that we should consider the role of the central bank in interfacing with banks, and in some instances with other private financial institutions, as lenders of last resort, supervisors and providers of financial services. It is important to remember that many of the benefits banks provide modern societies derive from their willingness to take risks and from their use of a relatively high degree of financial leverage. Central bank provision of a mechanism for converting highly illiquid portfolios into liquid ones in extraordinary circumstances has led to a greater degree of leverage in banking than market forces alone would support..... end excerpt Vincent C Vickers the Governor of the Bank of England 1910> 1919 essentially said that to insure against no more Hitlers you most first rid the world of the financial structures that created him. Detailed here below if you dont take my word for it, as you should not take my word for it, but his; userpage.fu-berlin.de/roehrigw/vickers/ Vincent C Vickers 1939 - Unless we can contrive to design and establish an improved and reformed financial system, which is the first essential towards a new and better economy in our own country, no satisfactory outcome of the war is possible; for where there is still widespread injustice and discontent there can be no ending to that war, unless it be a tangle of internal revolts and revolutions. How can we presume to hold up our own social System as a pattern for other nations to follow, whilst it breeds selfishness, unrest, and dishonest competition amongst our own people, and whilst it is dominated by a decadent financial system in which we possess an ever-diminishing confidence and which is not even under the unbiased control or management of Government chosen by the will of the people? How can we hold out to the German people or to the world, the promise of justice under a new and better economic system that will eliminate poverty, malnutrition, and unemployment, whilst no such system exists, and whilst our own system is still permeated with these same evils? On the other hand it is unthinkable that we should pretend to ourselves that we can, first of all, and by the successes of our arms, create in Germany an economic vacuum and, having done so, compel her to adopt a moneylending system of international finance, designed for the benefit of international financiers who will become more and more anxious to preserve their monopoly and their immunity from governmental control. Are we now fighting to uphold freedom and democracy, or are we fighting to uphold and strengthen the dictatorship of international finance? The mere conception that His Majesty’s Forces should fight for the benefit of such dictatorship, which already wields an independent power in exact opposition to social progress throughout the world, is wholly incompatible with the defence and maintenance of democratic freedom and seems utterly absurd. But this world power, with its permitted control of the national money supply and with its support of a monetary System that has plunged every nation into the miseries of irretrievable debt and the world into economic strife, should not be underestimated. It would have been wise to have expended some of our energies in strengthening our home defences by placing democracy in an impregnable position under a money machine managed and controlled by its Government and worthy of the public confidence. But although it is simple and obvious enough to suggest that the time for constructive reform is long overdue, this is a problem entailing war against a dictatorship of international finance which holds every key position on the battle front and the power to cut off essential supplies at the mere threat of attack. We have only to remember the fate of President Roosevelt’s policy in the United States, which aimed at the introduction of the ‘honest dollar’ and a better standard of living for his people. Yet even these considerations must not be allowed to prevent us from making an endeavour to free democracy from the one great obstacle standing in the way of social progress; and we must also bear in mind that the alternative path leads to revolution and bolshevism and the break-up of what we call World Civilisation. youtu.be/W43wzgLyfSk
Posted on: Thu, 14 Aug 2014 10:09:01 +0000
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