“In addition to these pragmatic goals, the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.” – Carroll Quigley, Tragedy and Hope, 1966
Neil Macdonald: The ‘monarchs of money’ and the war on savers
Neil Macdonald, CBC News | April 29, 2013
Power Shift: First in a series on the rise of the central bankers and the global imposition of cheap credit
Quietly, without much public fuss or discussion, a new ruling class [not new] has risen in the richer nations. …
They are the world’s central bankers. Every six weeks or so, they gather in Basel, Switzerland, for secret discussions and, to an extent at least, they act in concert. …
The tool they have used to change the world so profoundly is one they alone possess: creating money out of thin air …
It’s very interesting listening to Mark Carney explain the consequences of raising interest rates.
The system we live under is just wrong – creating money out of thin air! We shouldn’t be at the mercy of people with so much power. Governments shouldn’t be borrowing money and going into debt either.
This episode tends to sugar-coat criticism of the bankers, but it’s so obvious that they are using these debt crises to move us into a global system of control. Over and over again in recent years, “global governance” is the mantra at international meetings, but why do we want to be run by a world government? Who are these people? Why can’t we control our own money and have our own independent country? It’s all authoritarian.
An example of this is Mark Carney’s Financial Stability Board (created in 2009), and its predecessor the Financial Stability Forum (created in 1999). It meets at the Bank for International Settlements in Basel, Switzerland.
The segment with Mario Draghi is interesting in which he insists that the euro is here to stay and there is no going back. He said they would do whatever it takes [13 min 40] and then they set a new precedent of taking control of bank accounts in Cyprus. So debt crises (created by the banking system in the first place) create opportunities for grabbing power over sovereign nations and ordinary people who would have never dreamed that could happen. The video illustrates some of these points very clearly.
Order out of chaos. Problem reaction solution.
The Monarchs of Money
Details on Ben Bernanke (Federal Reserve), Mark Carney (Bank of Canada, soon to be Bank of England, Financial Stability Board), Mario Draghi (European Central Bank) and others.