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Economic Collapse News - Posse of Central bankers to save Global Economy (Again!)

Friday, June 15, 2012 17:58

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The Major Central Banks of the World (the Fed, ECB, BOJ, BOE and a few others) are reported to be preparing their big guns over the Greek Parliamentary Elections on Sunday; but if the past 4 years are any indication of what is to come, all they will be firing will be blanks. Central Banks are not the solution, Central Banks are the problem – when will people wake up and realize that? Had the Central Banks been doing their jobs on behalf of the people that they claim to serve, there would have been no Financial Crisis in the first place! And all their proposed solutions since 2007 have only led to the crisis getting bigger not to the crisis being resolved. 2007-2008 all we had was corporate and banking failures; now whole nations (PIIGS), and regions (Eurozone) are under the gun, the gun of the Central Bankers, that is! Here’s a quote from the Reuters report linked above: ”Officials from the G20 nations, whose leaders are meeting in Mexico next week, say numerous central banks are preparing to take steps to stabilize financial markets – if needed – by providing liquidity and prevent any credit squeeze.” This is a broken record that keeps playing the same tune over and over and over again… How many meetings have the G-7, G-8, G-20, the IMF, the EU, the Fed, and other organizations had in the past 5 years – 10, 20, a 100? How many times have they announced coordinated decisive actions to finally resolve this Great Financial Crisis? And how successful have they been? Depending on the viewpoint, either the Central Banks and other authorities have been miserable failures or they have been wildly successful!

I would argue that Central Banks have been wildly successful at their mandate if we understand that their job is to redistribute wealth within nations, and within the world. Their real purpose is to make the rich (the .1%) even richer and make everyone else poor. The historical norm of the Feudal model with a very few Haves and a majority of Have-Nots is the ideal that the Ruling class is shooting for; so the guns that the Central Banks have readied for Sunday’s Greek vote are in reality WMD’s for the Middle Classes of the whole world. Just the other day a report came out that proved that the American Middle Class had lost 40% of their wealth since the Great Financial Crisis began in 2007, so the Central Bankers have already achieved a great deal of success in their mission. Now as they take down Greece, and Spain, and Italy and eventually the US and the rest of the world, look for the remaining 60% of Middle Class wealth to get vaporized by the big guns of the Central Bankers. By the way, I believe this Greek vote will be a non-issue; the pro-bailout party will win unless the PTB have decided that it is time to pull the plug on the Global Economy. I do not think that time is just yet; a few bigger fish like Spain, Italy, and India must be fried first before we get to that day. However that doesn’t mean that that day is years away; it is more than likely that it is only months away!

My Blog: http://apocalypse2010.blogspot.ca/

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