'Dominant Social Theme: There's no money! The governments can't help! Help! Free-Market Analysis: As the power elite that wants to run the world grows more crazed and desperate, their bought-and-paid-for financial facilities and media mouthpieces become crazier, too. If we had a free-market system of money instead of a monopoly/government/mercantilist one, then the market itself would take care of the money necessary. That is not what the powers-that-be want you to think. They want you to be frightened and thus use their dominant social themes like this one (the world is running out of money) to make you feel hopeless and powerless. These themes are almost always scarcity-based. At the end they propose globalist solutions (run by the power elite) to provide the necessary antidote to market failure. The powers-that-be are by now fully aware that they have poured their tens of trillions into a dysfunctional economic system that needs to be allowed to fail. But since this bubble system of banks and financial firms is NOT to be allowed to fail, it will go on wasting gigantic sums of money. Then, central banks will have to print MORE money and even MORE money. At some point price inflation shall bring the whole system down. Unless, of course, the powers-that-be can somehow make the case to people that the market failure is organic. But it is not organic. The current money system is a fake and a fraud. It is a system of command and control for a very few. And now these few are faced with explaining and justifying its failure during what we call the Internet Reformation. Conclusion: Good luck.'

'Of course markets stay high with central banks printing huge sums, inflating everything except jobs.'

'The emperor has no clothes. The noose is tightening on your organization, vast amounts of money printing are now required to keep your manipulated economy afloat. It will ultimately result in huge price inflation, or, if you stop printing, another massive economic crash will occur. There is no other way out. Let’s have one good meal here. Let’s make it a feast. Then I ask you, I plead with you, I beg you all, walk out of here with me, never to come back. It’s the moral and ethical thing to do. Nothing good goes on in this place. Let’s lock the doors and leave the building to the spiders, moths and four-legged rats.'

'I describe the present economic crisis in terms of economic resonance. The economy experiences oscillating money-flows between the commodity market and the bond market. When money flows from the bond market to the commodity market we witness the inflationary phase of the cycle. Inevitably, rising interest rates accompany this phase. At the top of the cycle the money-flow will reverse itself and will go from the commodity market to the bond market. This is the deflationary phase of the long-wave cycle that, no less inevitably, is accompanied by falling interest rates. These huge money-flows are driven by speculation. When the central bank intervenes in the market to control the rise of interest rates, it inadvertently makes prices fall; and when it intervenes to stop prices from falling, it inadvertently makes interest rates rise. The upshot is that the central bank intervention, rather than tempering movements, aggravates them. This is the fundamental flaw of Keynesian economics. At the present junction the Fed is buying bonds to combat deflation. Bond speculators know this and will buy the bonds first, driving down interest rates in the process. The result is more deflation, not less. The Keynes-inspired central bank action is counter-productive. Policymakers are blind and don't see this. They stick to their self-defeating monetary policy. They actually become the quartermaster general of the depression they are trying to avoid. As if cursed by a particular kind of madness, policymakers saddle society with the vampire of risk-free speculation. They turn the constructive energy of stabilizing speculation into a most destructive kind of energy: destabilizing speculation. The problem cannot be cured because bond speculation cannot be eliminated.'

'...these stress tests and new rules will choke off the one aspect of fiat money that actually is positive (within the larger negative context). Not only will people have to deal with the monetary inflation that has already been created, they'll have to deal with it within the parameters of a monetary drought. Having caused a rapidly developing depression, the elites behind the world's damnable central banking system are now busily engineering a situation where further capital will not be available (without punitive interest rates) to any but the biggest corporations. How clever it is, eh? If you want to set up global governance, the first thing you want to do is gain control over money and its issuance. You do this by setting up a global network of central banks. Having created central banking and the mechanism for printing-money-from nothing, you now print a great deal of it. In doing so you set off a series of great booms and busts that culminate in the greatest boom and bust of all – leading (as it did in the 1930s) to what should be labeled a depression. Now, once the depression (or "great recession) is underway, you begin to run from bank to bank like a busy bee. You are, in fact, busily engaged in creating a credit squeeze. Having bankrupted middle classes around the world, you are determined to ensure that they will not be able to get their hands on further funds!'

'Dominant Social Theme: Inflate! And everything will work out. -- The BIS, whatever it is, is all for printing lots of money. And the BIS is no small-time trade group. It is perhaps the most powerful (and least known) global business body in the world. Its mysteries are manifold. Its workings are well-hidden. Of course, somebody actually set up the Bank for International Settlements in the late 1930s. And since then someone has set up or helped set up about 200 central banks around the world, many of them reporting directly to the BIS. But who? And how did it happen? Dunno. Who speaks to the head of a state, asking him or her to set up a central bank? Dunno. Do you? Why is that Libya, Afghanistan and Iraq have central banks when they didn't before, or not the kind they do now? Did you read about it? Meh ... this ruinous financial system is not a plant or a tree. It did not grow spontaneously. It did not grow naturally. And we would submit to you that those who created it know what they're doing. The key as always is to pretend that one does NOT know. The key is to create cognitive dissonance. Out of chaos ... order. It is quite clear. Follow what IS rather than what you are being TOLD. The BIS wants to inflate. It ENDORSES inflation. The proximate cause is the unraveling of the current financial system. But it is "their" system. They made it.'

'More rounds of ammunition were fired off in the global currency wars today, as six of the world's central banks including the Federal Reserve, Bank of England, and the European Central Bank coordinate to get cheap dollars to starving European banks. Meanwhile, across the pacific, China is cutting its reserve requirements by 50 basis points for the first time in nearly 3 years, a sign that the world's second largest economy and biggest exporter is now reversing its policy of trying to curb inflation and loan growth. We are joined by James G. Rickards, author of Currency Wars to discuss these issues, as well as the growth in gold buying and gold repatriation by foreign central banks, the world over. We also speak to Jim Rickards about the role he thinks the IMF and its global SDR will play in the years to come, and if the latest bailout 600 billion euro Italian bailout rumor may be just the opportunity for the IMF to step up as a player in the global currency war.' -- One paper currency to rule them all, One paper currency to find them, One paper currency to bring them all and in the darkness bind them.

'This is a critical call to action #OccupyWallStreet. We must first end the global central banks and jail the criminals they employ before we can talk demands.' -- A challenger appears

'After singing the praises of China and its vibrant "free market" for years, the Economist editors have now run smack into reality, giving rise to this squib of a story that indicates the ChiComs are hitting the proverbial brick wall when it comes to their hyperactive and impossibly stimulated economy. We're not supposed to understand this, of course. It's an elite dominant social theme, after all, that the ChiComs' murderous command-and-control economy has much to recommend it that the West's anarchic and "free" economies (sarcasm off) do not. ...there's not going to be a Chinese soft landing. The rotting, empty Chinese cities and shoddy, tipsy skyscrapers, profligate and corrupt Chinese central bank, entrepreneurial flight (see yesterday's article) and rising civil violence across the country (so bad it's not being reported formally anymore) should be red flags (no pun intended) that explain what one needs to know. The Chinese miracle is dead. It never existed anyway, anymore than the West's late-20th century consumer mania was a product of Anglo-American "genius." No, the story of modern directed history is the story of elite-controlled money stimulation and central banking largess. Control tens of trillions and you can control the world. And they have. Not just in the US but in China, too. When the bust comes – and it is coming – all three legs of the stool will have been knocked away. America, Europe AND China will be no longer capable of firing the cylinders of the modern central banking economy. The world will sink into the deepest depression it has ever known. Chaos and worse will sweep across the world. And what then? Are the elites waiting in the wings with their next fancy project? And what will it be called? World government?'

'On your territory, only you are permitted to produce money. But that is not sufficient. Because as long as money is a regular good that must be expensively produced, there is nothing in it for you except expenses. More importantly, then, you must use your monopoly position in order to lower the production cost and the quality of money as close as possible to zero. Instead of costly quality money such as gold or silver, you must see to it that worthless pieces of paper that can be produced at practically zero cost will become money. Because you can create paper money out of thin air, you can also create credit out of thin air. In fact, because you can create credit out of nothing (without any savings on your part), you can offer loans at cheaper rates than anyone else, even at an interest rate as low as zero (or even at a negative rate). With this ability, not only is your former dependency on banks and the banking industry eliminated; you can, moreover, make banks dependent on you, and you can forge a permanent alliance and complicity between banks and state. You don't even have to become involved in the business of investing the credit yourself. That task, and the risk involved in it, you can safely leave to commercial banks. What you, your central bank, need to do is only this: You create credit out of thin air and then loan this money, at below-market interest rates, to commercial banks. Instead of you paying interest to banks, banks now pay interest to you. And the banks in turn loan out your newly created easy credit to their business friends at somewhat higher but still submarket interest rates (to earn from the interest differential). In addition, to make the banks especially keen on working with you, you may permit the banks to create a certain amount of their own new credit (of checkbook money) in addition and on top of the credit that you have created (fractional-reserve banking).'

'To conflate Wall Street – as an industry, anyway – with central banking is simply wrong. One is an evolution of the free market. The other hides behind it. Put central banking out of business and the worst excesses of Wall Street will almost immediately become a thing of the past. Put Wall Street out of business and central bankers will reconstitute over the weekend. Money Power lies with central banks, run by the Anglosphere power elite. These elites are quite prepared to sacrifice Wall Street. They WANT to regulate the private sector. Regulate it until it is cold as a corpse so that they can re-animate as they choose. The more laws there are, the better they do. The process is called mercantilism. The powers-that-be CONTROL governments. Pass a law and you are only adding to their arsenal. In fact, the leaders of Occupy Wall Street are DELIBERATELY turning the movement into a populist protest that looks to government for changes that will make societies work better. It is evident and obvious. Who knows who they work for – but evidently they are not who and what they say they are. We wish we were wrong.'

'Many are eager to transfer the system of money printing from central banks like the Federal Reserve to PUBLIC central banks that would be under the control of federal and state officials. For this reason the PRIVATE nature of central banking is often emphasized, though the Fed is not by any means entirely a private entity. In fact, it didn't even come into being until an Act of Congress was passed in 1913 authorizing it. Central banks like the Fed are what we call MERCANTILIST. That is they hide behind the power and authority of government to pursue private business goals. They use the color of government for private gain. Inevitably they are not entirely private entities. They cannot be. Central bank apologists like Ellen Brown have campaigned to ensure that people believe central banks like the Fed are ENTIRELY private when they are not. This is because "Brownians" (and others) want to propose that central banks be owned outright by public entities. If it must be tried, it should be attempted within the ambit of monetary competition and without naming the central bank printed money as the sole legal tender. When it comes to money, private markets should have a chance to compete. Absent the force of law, they will win every time.'

'Across the Atlantic, the global financial troubles have reached the UK, as it becomes the latest nation to feel the pinch. Rating's giant Moody's has downgraded 12 of Britain's financial firms and banks, including the Royal Bank of Scotland and Lloyds TSB. That comes after the Bank of England chief said the country's economy is at its lowest point since the 1930s if not ever. RT gets more on this from British Euro MP, Godfrey Bloom.' -- "If [money-printing] was successful, why doesn't he give money-printing machines to every family in the United Kingdom, that they could put in their attic and print money whenever they wanted to go buy something?"

'"More money printing? My masters are you mad? ... According to the BBC, the Bank of England has decided to 'inject a further £75 billion into the economy'. Who knew it was that easy? I mean, why not inject £500 billion? Or a trillion? According to the BBC's logic, it would surely make us the wealthiest nation on Earth." – Daniel Hannan, UK Telegraph' -- 'Dominant Social Theme: Let the printing presses roll. It must be done. -- Central banks are inflation MANUFACTURERS. They are money-printing factories. They are set up to produce inflation, which they do by performing their designated function, which is printing money.These paper producers fix the price of money with interest rates and money printing – and fix it downward. Over time they devalue currency and ruin the savings of the middle class. Since the Anglosphere power elites are at war with the middle class – seeing them rightfully as an impediment to world government – central banking is a great way to diminish opposition. To make people so miserable that they cannot concentrate on anything but ensuring their next meal is a recipe to implement the coming new world order. It's been going on, worldwide, for at least a century with evermore velocity and malice aforethought.'

'"Britain has become a zombie economy. Capital is no longer being allocated. – UK Telegraph" -- ...people (normal people) are aware of the elite money giveaways. To them it doesn't look like a substantive policy – it just looks like a bunch of rich people propping up "their" financial system. In fact, that's exactly right. This elaborate charade was presented with some level of dignity in the 20th Century but collapsed utterly in the 21st Century when the Internet exposed it. In a single decade, central banks have gone from possessing an almost religious aura to being a laughingstock. The elite still doesn't "get it." What's been lost is the moral justification. People see the central banking system as a scam now, even when they can't quite explain it. And that's what's going to kill it eventually.'

'Printing money from nothing is not just corrosive, it has significantly changed the face of modern society, and even the history of the world. It is difficult to imagine our lives without so much monetary stimulation. Probably there would be far fewer wars. And healthier food. And far less drug abuse. Far fewer people in jail and much less poverty. Far fewer dictators and much less torture. Fewer taxes and significantly less inflation. Regulatory authorities and their dictates would not be in vogue. Lawyers would not be in such significant demand. There would be fewer horrible depressions. And the fear-based promotions that the elites rely upon to push Western middle classes toward fuller global governance would not likely be available. Most importantly, the world would not be controlled, at least partially, by a tiny cabal of sociopathic central banking families.'

'The great central banking families that want one world government seem to be driving the West toward bankruptcy in order to get their way. Yes, perhaps the economic degeneration will not cease until global governance is achieved. People will be forced to cry out in grief and pain, accepting the political, monetary, military and judicial centralization... They will be driven toward one world government like beasts herded toward an abattoir. Is there some other explanation that makes sense? This economic system with all its dysfunction and ruin is premeditated. It didn't just "evolve." There are central banks all over the world now, where 50 years ago there were not. Most of these report to the Swiss-based BIS. And what the heck is the BIS? Did you ever hear a news item about the BIS? Did you ever see a reporter standing in front of the BIS, explaining what was going on inside? The BIS may as well not exist. It is part and parcel of a system that does not explain itself...'

'Almost no modern advisers will admit that central banks fix the price of "money"... Central banking blows up economies regularly, and during economic contractions the middle class becomes increasingly unprosperous while more and more wealth is centralized in the hands of great Anglosphere banking families. These families then use their wealth to create dominant social themes – fear-based promotions featuring scarcity memes – that are intended to push Western middle classes into surrendering wealth and power to the globalist solutions (UN, IMF, WHO, etc.) that the familial elites have already prepared. One of the dominant social themes that was remarkable successful in America during the late 20th Century was the idea that various forces were conspiring to erode middle class wealth. The only way to address this potential ruination was through "investing" in a menu of pre-prepared investment solutions featuring rigid, fragile and highly controlled "public" money pools.'

'The FBI writes: “Attempts to undermine the legitimate currency of this country [ie. unconstitutional Federal Reserve notes] are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence [ie. they are voluntary systems with no victim], they are every bit as insidious and represent a clear and present danger to the economic stability of this country [ie. their wide spread adoption may collapse the corrupt banking system],” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.” [ie. we will engage in acts of domestic terrorism to prevent the voluntary trade of private property.]' -- Competition is a sin!

'Mike Maloney is asked if we are moving toward a one world currency, but is this possible? What is the relationship between the wealth of a country and war? Would all countries lose their economy in order for this to happen? At what cost?' -- I see plans within plans. http://www.thedailybell.com/2683/Edward-Mandell-House

'Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next decade... short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.' -- "Voodoo, hocus-pocus scheme."

'For astute observers of recent history, we have seen what happens when people like Saddam Hussein or Libya's Muammar Gaddafi threaten to create gold backed currencies or international trade (in particular, oil) that could be settled not in US dollars – but gold. These people have very short life expectancies, to say the least. And here we have the little dictator from Venezuela coming along and demanding the repatriation of his country's gold from the Bank of England at that. This is really not going to go over very well with the powers that be, to say the least. The international oil-game has long been a significant piece to maintaining dollar dominance. Having nations go their own way and seek alternative means to settling that trade would be devastating to the dollar. Once again, neither Iraq nor Libya will see that happen – at least not now. Will Chavez get away with this plan? Or will he face a newfound Western attack unleashed, already in place to unfold when needed?'

'Well, we do not think more jaw-jaw is what people want to hear right now, or that the money magicians are capable of doing anything to stop the rapid erosion of public confidence. It is only the confidence of the public that enables the continuous printing of unrestrained fiat currencies – which combine to provide the base of an international Ponzi scheme. But something's happening around the world that the money masters didn't plan on. People are waking up. Stop the insanity! You cannot fix a dysfunctional monetary system that is built on a fraudulent premise by simply increasing the degree of the crime. The impossibly wealthy families who desire one-world governance will stop at nothing – including the use of force – to complete their centuries-long mission. But arrogantly, they will refuse to cease their devious efforts and instead will try to use these crises to bind the masses into accepting a fear-based international monetary solution. Out of chaos… order.'

'This wasn't unexpected by many who have been watching the unfolding events in Europe's backyard. Just as in 2008, when US regulators stepped in to protect the "Holy Grail of banking," here we have another blatant attempt by the central planners to try to "force" people to have confidence in an over-leveraged fiat money empire that is on the verge of collapse. In fact, we don't think it matters much what the regulators do at this point. We think the US dollar and the Federal Reserve are both on their deathbeds -- the euro, too, for that matter. The entire world is experiencing an awakening, which exposes the fraudulent nature of a global monetary system that's been used by international Money Power to collectivize and enslave a large swath of the world's population under authoritarian rule. Imposing a ban on people's ability to profit from the downfall of a corrupt system will not keep the funeral from occurring.'

'...the real problem is the unrestrained and continuously inflated currency unit itself and the central banking system that manages it .... The system allows Western politicians to make unrealistic promises to a mass of non-thinking "takers" who've been educated into believing they have a "right" to a free ride through life. It feeds Money Power's hunger for global government and enables its use of NATO and the US military-industrial complex to mold foreign countries into manageable pieces that can eventually be amalgamated. The Internet Reformation ... threatens to reshape the world as we know it by exposing the power elite's machinations for all to see. Mainstream media is under attack. Establishment politicians stumble through one embarrassing press conference to the next attempting to maintain the illusion that they are really working for the people. Instead, they are willing soldiers intent on increasing the debt-pressure and ignoring the rising barometer of understanding.'

'In this MSNBC interview, Greenspan was asked, "Are US Treasury bonds still safe to invest in?" You have to listen to his answer to believe it. Greenspan sits there and utters a single sentence that basically says what no dollar-debt holder wants to hear: We will devalue your debt into the ground by cranking up the printing presses.'

'Daily Bell: What is socialism? Jesse: Socialism is where the government lies and tells people they can have things for free. Daily Bell: Why would government make such promises? Jesse: So they can get more money from the Federal Reserve. Daily Bell: Why would the people who run the Federal Reserve like that? Jesse: Because they have the machines and they can make themselves a lot more money by lending it to the government. Daily Bell: How do they make money by lending it to the government? Jesse: Because the government has to pay interest. The government taxes the people in the country to pay them back on the money they made on the machines. Daily Bell: How much do you think it costs the Federal Reserve to make the money on the machines? Jesse: They just need a whole lot of paper and paint. Daily Bell: Why do you think people let this process happen? Jesse: I think because they don't know it's happening really.'

'People make billions and billions, perhaps trillions and trillions, of decisions each and everyday about a whole host of things that affect their lives. The totality of all these decisions shapes the overall environment around us. And the closer the decision maker is to the ultimate effect of the actual decision being made, the more likely the individual will choose a course that best represents his or her interest. The globalists are once again feeling the pressure that comes from an increase in public consciousness. It has been roughly 500 years since the Gutenberg Press inspired its "season of change." Well, we are just in the dawning days of this 'Net-inspired "season of change" and the collectivist agenda is rapidly being exposed for the brutal destroyer to natural liberty that it is. The pool of "believers" is shrinking. There will be pain to come as reality takes root, but the positive, dear reader, is that we all have a chance to build something new – a free-market.'

'Two things have happened: First, people have been made aware as never before of the essential unfairness (not a strong enough word) of the system; second, the massiveness of the bailout (handout) shows clearly that the system itself is finished. The last time something of this magnitude occurred was during the Great Depression and it took a World War to reconfigure and reassert elite control. Absent another world war (which is impossible because of nuclear devices) nothing is going to bring it back. The price distortions are so great, thanks to the directed money printing, that it cannot unwind. In fact, around the world, central banks are busily printing money for the very elite power nexuses (banks and financial institutions) that need to fail. Those in charge of the money printing will not let them fail. This means the unemployment and misery will continue to grow. The whole system is insane. It is beyond salvage.'

'These economic crises cannot be pure happenstance. We've suggested they can spin out of control, and perhaps they will; but they are all manmade events, the direct outcome of economic constructs and policies of enormous wealth and control. Somebody set up the 100 central banks around the world that report directly to the Bank for International Settlements in Switzerland. These are quasi-private entities, many of them. Are we supposed to believe that no one takes a profit on them? That there is no way they compensate their creators? The money and power is unimaginable. The BIS controls the central banks that in turn control the big banks around the world. Constitutions mean nothing. Promises are made to be broken. Treaties are talk for children, merely incremental markers trailing in the wake of global governance. By their actions ye shall know them. As with sharks, their momentum must be never stilled. The shadow play continues.'

'The Fabian-socialist economist John Maynard Keynes famously said not one man in a million could comprehend the workings of the central bank – so large is the lie that the money system is based upon. But Keynes's statement was pre-Internet. The giveaway of the Fed's trillions and trillions has played out under the merciless spotlight of digital coverage. Thousands of bloggers and perhaps millions of articles have commented on these impossible figures. And gradually, around the world – and certainly in America – it has occurred to the jobless, homeless and hopeless that SOMETHING IS NOT RIGHT. The great, grasping mechanism of mercantilist central banking has been exposed for all to see. Societies that use some form of gold-as-money are apt to be fairer and healthier than fiat-money societies. The Chinese who have experienced eight ruinous bouts with fiat currency call it "flying money." Gold doesn't fly. In this sense, it has a morality as well as a utility.'

'The world's economy is a kind of planned madhouse. Those in power have inflicted upon it scores of central banks – all busily printing/creating money from nothing at the push of a button. Those who run these central banks are well aware of their ruinous disposition. They understand fully the boom bust cycle that brings bankruptcy and hopelessness to so many. But one does not ever acknowledge this. If one works within the system, one is not supposed to. In the upside-down world of modern finance, central bankers who print money are "hawkish inflation fighters." Politicians who endlessly create the distortive price fixes, called "laws," are "public servants." Corporate leaders who generate profits by linking their companies to the great, grinding machinery of Western legislation are "entrepreneurs." ...the Anglosphere elites also work via OMMISSION. That is, in addition to advocating fear, they actively encourage ignorance. The mendacity is breathtaking.'

'Finally, wealth created by productive hard work cannot simply be confiscated by the people who control the money supply. There is no understating how important this development is. Hard work and savings will actually be rewarded! Productive people everywhere should literally let out a sigh of relief upon realizing this fantastic fact. The only people who should be worried are bankers. They will not be able to continue snatching wealth from everyone by printing more money. Their giant scam now has a time limit—as bitcoin grows, they will shrink. They will have to learn how to actually produce wealth rather than steal it if they want to survive. Bitcoin is not a scam. Bitcoin is a solution to the giant scam that is central banking. The sooner you realize this, the sooner you can be freed from banking tyranny.'

'The system of central banking has created perhaps the most monumental bubble ever seen. There are literally thousands of major banks and bank branches all over the world. The downtowns of every major city in the developed world and the developing world are littered with them. People are so conditioned as to their ubiquity that they don't even notice it. Imagine if banks were actually ... tire manufacturers. Now imagine entering a strange city and seeing the entire downtown was FILLED with skyscrapers, each one representing a different, competing brand. Imagine the city and the countryside was full of branches, all selling tires. It wouldn't make any sense. Nor does it make any sense to have so many banks. But they are protected by central banks; they are appurtenances of central banking. ...the Anglosphere elites behind them will never discard a large bank. They may MERGE the bank, but they will never wish to lose it.'

'...Without the ability to print money from nothing, the elites would not be able to start the wars they have prosecuted so promiscuously in the past decade, would not be able to control governments, manipulate universities and their scientists, purchase wholesale the political process, etc. In other words, the ability of Western elites to pursue and impose one world government would be much constrained. Money Power is the gift that keeps on giving. The key to this pusillanimous process of wealth redistribution lies with Federal Reserve. Simply examine the 20th century and its "world wars," all of which occurred AFTER the US Federal Reserve received its brief. ...the central banking promotion is beginning to fail. John Maynard Keynes said not one man in a million understood the current money system. He had it wrong. Today, not one man in a million, if asked, would approve of it. And what happens when millions wake up and rise up in unison? You get the drift, dear reader.'

'If the mainstream media news actually reflected the reality of world events, every news broadcast would start with an update on BIS policies and then discuss the economic moves of some of the larger central banks. ...the power elite that has quietly seeded – that's right, "planted" – these central banks around the world in the past century know quite well what they are capable of and how they operate. Every few years, central banks cause economic collapses by printing too much money. The Anglosphere elites further consolidate their power and wealth each time one of these collapses occurs under the guise of "Democracy." We are aware that Money Power is established via chaos and draws its order from a planned response to social unrest. From chaos, therefore, springs forth a "New World Order." Is this really what the elites have in mind in the short term? We entitled this article "A Planned Depression." But we will end it with an alternative title: "A Planned Revolt?"'

'The Chinese people are still in the phase, thanks to Western monetary stimulation, where they believe that everything that has happened to them is due to their industriousness and native intelligence. ...after the Chinese economy crashes as it must inevitably (unless they manage to pull off the proverbial soft-landing). What will be revealed by the wreckage is the full panoply of central banking deceit. The scales will fall from the eyes. The stock market will be revealed as manipulated; the companies as inept monopolies; the ChiComs themselves as the hands-on managers of their wrecked enterprises. In the near-term, the great cities and skyscrapers will go unfilled; the 10-lane highways shall remain untraveled. A billion people, newly wealthy will find that their condos are not sellable, that food is not available at almost any price and that their jobs were merely the extended froth of the most powerful central-banking bubble that the world has ever known.'

'This video credited to the hacker group Anonymous is calling out Federal Reserve Chairman Ben Bernanke to resign. Anonymous has called for public protests beginning on June 14th, continuing "until Federal Reserve Chairman Ben Bernanke steps down." To make their case, they have presented a list of recent scandalous Federal Reserve actions.' -- Comment: razeromg: 'why is this on RT? have anonymous hacked RT? xD'

'Stefan Molyneux of Freedomain Radio interviewed by Jake Kettle on the prospects and possibilities of one world government, the Arab spring in the Middle East, the death of Europe and the end of the US dollar as a global reserve currency.' -- "Wrenching changes are coming."

'The ability to print money from nothing is the singular achievement of modern elites and the single most ruinous practice of the modern state. It is responsible for most if not all of the abuses of modern history, from torture, to war, to genocide. Money-printing (not money) is at the root of all evil. -- ...if EU protests over austerity are to be effective, it is central banks that have to be peacefully targeted on a consistent basis. A message needs to be sent... There are no good central banks. There is only honest money – gold and silver – and PRIVATE banking (run privately by private individuals) with or without fractional reserve lending: money competition, in other words. What is necessary if EU citizens want the "austerity torture" to stop is for individuals to target central banks with peaceful protests. Not private banks. Not commercial banks. Not savings banks. CENTRAL BANKS! Surround the great, granite temples of money printing and begin!'

'The elite's modern genealogy is said to include Venetian bankers who arrived in Britain and intermarried with English royalty. Today, the world's most powerful families make the City of London either their home or base of operations. Even the Queen of England bows before she enters the City of London and when she walks in ceremonial parades, her place is a few steps behind the Lord Mayor. Today, the City of London is the epicenter of central banking worldwide. It is the place from which world wars have emanated and plans for global conquest are apparently hatched there even today. The fear-based dominant social themes that the power elite uses to extract wealth and power from Western middle classes have their home in the City of London. The UN and League of Nations were given birth there. The EU was likely conceived there. Every centralizing influence in the world today of any note has its roots in the City of London or its sister-municipalities – Washington DC and the Vatican.'

'What happened in the heart of Greater London in 1694 under the direction of King William III of the House of Orange? Well, that would be when King William privatized the Bank of England, established the City of London, and turned control of England's money over to an elite group of international bankers. Like Vatican City, London City (not to be confused with Greater London) is a privately owned corporation operating under its own flag, with its own constitution and free from the legal constraints that govern the rest of us. And it was King William III in 1694 who paved the way for a private cartel of international bankers (money elite) to embark on a plan of implementing world governance, albeit secretly (that is until now, thanks to the Internet Reformation). Find out more about how the power elite has built their base of global infrastructure for controlling world economies, media, politics and religion. Watch this telling video presentation.' -- http://youtu.be/PGhl7ysL_1U

'"If Gaddafi had an intent to try to re-price his oil or whatever else the country was selling on the global market and accept something else as a currency or maybe launch a gold dinar currency, any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world's central banks," says Anthony Wile, founder and Chief Editor of the Daily Bell. "So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward from moving him from power." And it has happened before. In 2000, Saddam Hussein announced Iraqi oil would be traded in euros, not dollars. Some say sanctions and an invasion followed because the Americans were desperate to prevent OPEC from transferring oil trading in all its member countries to the euro. A gold dinar would have had serious consequences for the world financial system...'

'"If Gaddafi had an intent to try to re-price his oil or whatever else the country was selling on the global market and accept something else as a currency or maybe launch a gold dinar currency, any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world's central banks," says Anthony Wile, founder and Chief Editor of the Daily Bell. "So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward from moving him from power." And it has happened before.'

'"If Gaddafi had an intent to try to re-price his oil or whatever else the country was selling on the global market and accept something else as a currency or maybe launch a gold dinar currency, any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world's central banks," says Anthony Wile, founder and Chief Editor of the Daily Bell. "So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward from moving him from power." And it has happened before. In 2000, Saddam Hussein announced Iraqi oil would be traded in euros, not dollars. Some say sanctions and an invasion followed because the Americans were desperate to prevent OPEC from transferring oil trading in all its member countries to the euro. A gold dinar would have had serious consequences for the world financial system...'

'It is almost comical that central banks have chosen to buy gold now after selling so much of it early in the 2000s. Britain's former Prime Minister Gordon Brown famously sold tons of his country's gold at the bottom of the market. Today, out of office, he campaigns to become head of the International Monetary Fund and is said to be one of the front-runners. Only in the modern world could someone who espouses such financial blindness be considered for one of the world's top financial positions. It has little to do with one having common sense and a lot to do with one being a willing foot soldier. -- Buffet has managed to profit from the system as it is and his mouth has been hovering close to the fiat-money spigot for a long time now. But people have profited from unjust and savage systems of production throughout the ages. That doesn't mean that Buffett is any the wiser for having made so much money, only that he is adept at exploiting the current system to create wealth.'

'We believe the powers-that-be are trying to bludgeon America into the kind of austerity that Europe is currently undergoing. Explaining to Americans that hegemony is lost, that empire is over and that they must accept straightened circumstances could be construed as part of a promotional effort aimed at laying the groundwork for austerity. Why austerity? It's all part of the same effort by the Anglo-American elites running the show. Make people miserable, control their prosperity, provide them with circumstances that will give rise to the belief that the system as it is has failed – and then offer them something else, perhaps a more globalized financial system complete with a new global currency. -- Central banking and fiat money has created a mess not just in the West but around the world, and the Chinese are struggling in that trap just as much as the West is. Chinese growth has been way too explosive. What's going on today is not a race to the top. It's a race to the bottom.'

'One needs a problem in order to provide a solution. And the move is on, most obviously, to create ever-closer global governance and perhaps an alternative currency. Modern central banking has done its work, throwing Western economies into confusion and disarray. Europe is already suffering from IMF-style austerity tactics and Britain is implementing them now. The US is next on the list. The IMF austerity message is being "prepped" by the S&P warning... The result is a controlled social implosion that the powers-that-be can capitalize upon to introduce a new system, presumably a more globalized one, complete, perhaps, with a global central bank administering a new currency. IMF provisions featuring privatization, tax hikes and public sector "austerity" are designed in my view to provoke the very public anger that Western elites are counting on to fuel a conversation about yet MORE centralization and MORE governmental control...'

'Huerta de Soto wonders why people are happy with socialism for the banking system, and why more people are not correctly blaming central banks and fractional reserve banking for the financial crisis.' -- Like a splinter in your mind.

'Even little countries like Panama and Uruguay have banks springing up like palm trees on every corner. The Anglo-American banking establishment doesn't want you to know this, dear reader. Citizens of major Western countries are used to seeing lots of banks in their downtowns. They figure it's because these cities are "major financial centers." Nothing could be further from the truth. The WHOLE WORLD looks like that. It's a bubble. A bank bubble. The world right now is run by central banks and central banks simply will not let their distribution chains contract. Central banks don't need banks for currency distribution. They could just as easily provide currency directly to people's individual accounts. Of course central banks would never do such a thing! It would create "inflation" (price inflation is what they mean). People can't be trusted with "fresh" central bank money. Only banks can. The mercantilist Ponzi scheme needs an ever-increasing base of new demand.' -- I want my corners.

'I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising. This buttresses the suspicions in my earlier post where I highlighted an odd U.S. Treasury statement that froze Gaddafi's assets but made clear that if "subsidiaries or facilities come under different ownership and control, Treasury may consider authorizing dealings with such entities." This continues to look like a major oil and money play, with the true disaffected rebels being used as puppets and cover, as the oil/money transfer takes place.' -- Barksdale (The Wire): I'm just a gangster I suppose and I want my corners.

'...the powers-that-be may intend for Africa to be the next China – an impoverished region brought to life by the miracle of fiat money-from-nothing and, generally, the miracle of "capitalism." Instead of trying to promote global warming head-on in the West, the powers-that-be are going to try to establish a carbon reduction infrastructure in the developing world and generate a kind of fait accompli in the next decade by creating a powerful industry that will be self-replicating and expansive. The idea that this most essential of all gases is some sort of environmental poison is apparently intended to allow the powers-that-be to control people's energy habits and thus their behavior. Can one blame the power elite for this effort? They have precedent on their side. Over 100 years ago, Anglo-American elites decided to propagate central banking around the world. Once one can print money-from-nothing, anything can be monetized, even the weather.'

'Own much?' -- None dare call it COMMUNISM.

'Apparently 70 percent of all Japanese women are unmarried. We had no idea. We do know that demographically, the Japanese population has continued to age at a substantial rate, aggravating many of the problems that the Japanese economic infrastructure already faces. This is actually the best evidence we have of the dysfunction of Japanese society; demography doesn't lie. The Japanese system is dysfunctional and discouraging population growth. When people are truly miserable they stop reproducing. They don't get married, don't build families, don't have children. That's what's going on in Japan. This is a society in seemingly terminal decline; one in which Western style central-banking economics has been grafted onto an ancient, hierarchical culture with devastating results. So much of the world is already subject to various kinds of democratic convulsions and regime changes; Japan may be due for its own modest socio-political reconfiguration.'

'Here's what you won't hear discussed on CNN or FOX or in the pages of the NY Times, etc.: The US dollar, priced in oil, became necessary for ALL nations to maintain as a reserve currency. That is if they wanted to buy any oil—as dollars were what the Saudis and the rest of the OPEC members would accept. This created the effect of an ever-growing demand for dollars. And like any Ponzi scheme, you need an ever-expanding base of demand, or else it crumbles, which they all eventually do. So, under the guise of spreading their new religion, democracy, Western elites have brought various developing countries under the control of non-elected world government agencies. If it were just about the oil supply, why wouldn't the US open up their vast oil resources in the mid-west? The answer is because it isn't really about oil at all. It is about maintaining the global oil trade in the fraudulent US dollar so that the 20th century game of wealth redistribution and mind manipulation can continue.'

'Russia is imposing sanctions against Colonel Gaddafi's regime, banning the exports of weapons and military equipment. It's part of mounting pressure for action against Libya, following fresh clashes between rebels and the government. Anthony Wile – founder and chief editor of online newspaper The Daily Bell told RT that the opposition in Libya is far from united.' -- "[The 'rebels'] are going to get help whether they like it or not and some would say that help is what has been driving this 'revolution' to begin with."

'The main meme that the powers-that-be want to establish is that the world's economic system can be run scientifically through the management of "wise men" – central bankers empowered to fix the quantity and value of money. Price fixing never works of course... For them, central banks are not a failed institution; they are merely works-in-progress. A corollary to the meme of the infallible central bank (printing money-from-nothing) is the certainty that the banking system itself, the distribution arm of central banks if you will, is inevitably, a sacred necessity. Throughout the world from central to South America, from Europe to Africa and everywhere else, the downtowns of major metropolises are crammed with individuated banks. There are in some cases more banks than fast food places. This banking bubble is perfectly predictable because banks ARE the biggest bubble in the world. Central banks will never let their distribution arm fail.'

'We think that Western central banking policies may have deliberately introduced raging price inflation in developed and developing countries. We believe the sudden advent of food scarcity (to be followed by water scarcity) may be no accident either. All these factors are controllable via money power and we it would seem to us, arguably anyway, that this controlled – and expanding – chaos is meant to be. In America, Barack Obama has added trillions to the national debt and made George Bush's profligacy look almost modest by comparison. Again, we believe that this may be a deliberate destabilization of the nation's fiscal and monetary situation. Homeland Security's authoritarian depredations are acting as deliberate incitements as well. ...we would not put it past this shadowy cabal to purposefully begin to destabilize the euro as they have evidently destabilized the dollar. Far-fetched? Sure. But no more than many other events occurring in the world today.'

'By treating the current, fallacious system as a kind of "gold standard" that cannot be taken down without an attack, one enshrines what is injurious. The conversation moves beyond remedies from reconfiguration to strategic necessities intended to defend what is evidently and obviously the Western economic system. Only it is not. The central bank economic system that has been put in place by the Anglo-American elite is far from a free-market system. It begins by printing money-from-nothing and as this fiat-currency circulates, it begins to inflate various markets, certainly the stock market. It also fools entrepreneurs into thinking times are better than they really are – and thus firms begin to over expand while other companies create trivial or non-essential products that would not have been successful in a less simulative environment. Eventually, the economy, stuffed with paper money, reaches a breaking point... People begin to wake from their Dreamtime at this point...'

'King's statement to the Treasury Select Committee as reported in the UK Telegraph is a pitch-perfect defense of central banking using the meme of private-sector blame. ...central banking blows up economies, leading to more regulation which further concentrates power in the hands of a few, allowing government and society to be even more efficiently run by the elite via mercantilism. It's kind of a closed feedback loop. The more chaos, the more regulation, the more leverage the elite has to reignite the process. Power is continually being centralized and the middle classes themselves (the elite's ultimate target) will actually clamor for the regulation that facilitates the process. In order to initiate the process, blame must be cast. There has not been enough anger at the private banking sector, especially in Britain where wrath has been focused – most alarmingly from the elite's point of view – at central banking itself. This is a direct result of the Internet...'

'Dominant Social Theme: Invest wisely and well. – Let's try to put this long-running power elite promotion into perspective. We don't agree with the LA Time's perspective (see article excerpt above). It's not nest-egg versus Social Security (which the US cannot afford, especially because there are no SS funds, only fancy IOUs). There is a third way, which is to get rid of central banking entirely and let tortured Western economies gradually deflate. As economies undistort without the endless goad of monetary stimulation, people would gradually begin to be self-sufficient again. Nuclear families would collapse and extended families would reappear; this is the logical solution to old age, not frantic investing leading to the selection of an old-age home where one is likely to be abused before dying. ...the dollar-reserve system died in 2008, along with the popular belief that one could count on "investing" for retirement. It was never a reality; it was fiction.'

'May this kind of demonstrations spread all over the world. Respectful, organized, non-violent. Let them know that we know their money scam.'

'While Super Stagflation will no doubt afflict the West's and the world's economies, whether the elite can transform crisis into "opportunity" and then into a global currency is questionable indeed. Suggestions from elite spokespeople are already being circulated by the mainstream media. The IMF floats the idea of a bancor; Alan Greenspan speaks of a gold standard. But the truth-telling of the Internet may already have rendered such suggestions moot. It is perfectly possible that people will be resistant to elite suggestions this time around. It is possible that a second Bretton Woods is simply not going to be acceptable to a mass of people radicalized by austerity and educated about money by the Internet. ...it could be – as we have suggested – that the system itself simply breaks down and gold and silver begin to be used spontaneously. The world, or at least the West, begins to function with private money and free-banking. The precedents are there.'

'Dominant Social Theme: Find a job, invest, save and then retire. -- The unraveling of American prosperity has to be regarded as the single most significant event that most American citizens young or old will face in their lifetime. In Europe, the comfortable myths about socialism have given way to the harsh realities of modern austerity. Meanwhile, the American Dream is unraveling "across the pond." The idea that municipalities would be able to continue to provide an endless array of upscale social and professional services – education, housing, civil services – is being exposed as a chimera. The whole issue of money creation was off-limits in the 20th century (how long ago that seems) and the result was a mythos that people grew up believing regarding their "prosperity" because they had no way of determining the truth. The Internet has provided an unexpected education. Elite media continue to play the beguiling tunes of 20th century Dreamtime, but for many the music has stopped.'

'The Internet, with its combination of narrow-band and broad-band presentation has allowed for the dissemination of blunt central banking critiques along with detailed examinations of the central banking problem. Central banking is price fixing of the quantity and price of money and price-fixing is an anti-market activity that must always fail, leaving lesser or greater ruin in its wake. The result has been that the hitherto leftist oriented intelligentsia is waking up to the enormous destruction of the global central banking economy. This sort of paradigm shift must eventually be reflected in the media as well; the mainstream media must track the evolution of a culture's intelligentsia or lose credibility. -- Until the advent of the Internet, [the 'faux-libertarian monetarism vs statist keynesianism' dialectic] was a most effective strategy. But now that central banking is virtually imploding, the elite-dominated mainstream media must begin to acknowledge it.'

'The banking industry simply remains cocooned inside the world's biggest bubble. Central banking itself is a bubble though people don't think of it that way, but those who print the money decide which industries expand—and no self-respecting central banker is going to let the central-bank distribution system (commercial banks) deflate. And so the banking business just gets bigger and bigger. There is no reason for such a big banking industry. In fact, banks, at root, are nothing but money-warehouses; during the industrial revolution, funding for businesses often came locally, from extended families and partnerships. But that is not how our modern economy works. Central banks have created a massive, Western banking infrastructure and they use it to fund massive multinational companies – and this results in a kind of Anglosphere brand imperialism. The world may not need Coca-Cola, but the powerful dollar reserve system has made Coke's ubiquitiousness possible.'

'The banking industry simply remains cocooned inside the world's biggest bubble. Central banking itself is a bubble though people don't think of it that way, but those who print the money decide which industries expand—and no self-respecting central banker is going to let the central-bank distribution system (commercial banks) deflate. And so the banking business just gets bigger and bigger. There is no reason for such a big banking industry. In fact, banks, at root, are nothing but money-warehouses; during the industrial revolution, funding for businesses often came locally, from extended families and partnerships. But that is not how our modern economy works. Central banks have created a massive, Western banking infrastructure and they use it to fund massive multinational companies – and this results in a kind of Anglosphere brand imperialism. The world may not need Coca-Cola, but the powerful dollar reserve system has made Coke's ubiquitiousness possible.'

"The Rise of the New Global Elite" – 'The author tries to make the case that modern bankers deserve their millions annually because they are "hard working." But plenty of people are hard-working. Bankers get what they do because the elites have created a perverse system of monetary stimulation that prints money-from-nothing and bankers occupy the pitiless heart of it. The kind of article she is writing might have been more believable 20 or even 10 years ago. But people are well aware of the mechanism now—generally if not specifically. They know something is wrong and that they are not getting a fair shake. The century-old fiction that the elite created—that the banking industry was a profitable one and thus people got paid more—has been erased by the elite's own actions taking place under the glare of the Internet. Europe is ablaze not just because of austerity programs but because people understand they and their governments are submitting to an austerity from which banks are exempt.'

'The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of us Americans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.' -- The Red Shield

'The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of us Americans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.' -- The Red Shield

'"Out of chaos, order" may guide the actions of globalists, but there is such a thing as too much chaos. The Greater Recession provided people with an impetus to read about alternative economics on the Internet... The truth-telling of the Internet has begun to have an impact. "Austerity" provided the trigger. The seeds were planted long ago, with the spread of mercantilist central banking around the world. In 2008, however the post-war system finally failed. Since it failed, the powers-that-be have printed about US$50 trillion in phony currencies to try to prop up the system. The nonsensical "banking" industry has been "bailed out" – though commercial banks are merely the distribution arm of central banks. They are not for the most part necessary, and have distorted Western economies terribly. Nonetheless, they have been preserved along with the rest of the ruinous system. It is this system that the powers-that-be are trying desperately to preserve.'

'The public school system in the West is deliberately positioned to produce dumbed-down graduates. Industry in Western countries is so hamstrung by various regulations and tax provisions that those participating are actually helping to make them uncompetitive. Those who work in the public sector are also helping destroy the fabric ... that has nurtured their families in the past. The Anglosphere's organization of society has acquired the unwilling cooperation of the citizenry. People tend to believe that modern, Western cultures have evolved the way they have naturally. In fact, they have not. It is not normal for societies to have 30 percent unemployment. It is not normal for older people to find that their skills are unmarketable because they have "too much" experience. These deviant experiences are the hallmarks of a central banking economy that values destructive centralization over dynamic entrepreneurship and mindless production over creative profit-seeking problem-solving.'

'Like Paul Krugman, Ben Bernanke also believes – and this is why his voice cracks and his lips quiver when he speaks "confidently" of the Fed’s policies – that hedging against what would be pretty much instantaneous chaos here in America (if all support was withdrawn from the system, no matter how problematic such support is over the long term) through the infusion of trillions of fiat dollars into the economy is the only possible path to follow. (As for the growing austerity-driven crisis in Europe, we’ll just have to wait and see. I mean if war breaks out, it won’t be fought in our streets, right Mr. Chairman?) -- I am a nominal man living in a real world. In the real world, austerity and poverty hasten the arrival of civil strife. In the real world, real hunger and real suffering leads inevitably to the rise of radical and violent political and social movements. War will come. War is the health of the state, but only if the war is fought somewhere else, correct? ' -- Collapse.

'Is there a recovery? Do you feel it, dear reader? Deep down in 'dem bones? We don't. We've explained the reasons why in dozens of articles: The fiat meltdown of 2008 was a meltdown of MONEY caused by the Internet's ability to expose the truth of a fraudulent central banking controlled monetary system and the power elite who benefit from the process of wealth redistribution. It was not caused by "faulty" economies specifically. It is the system itself that collapsed and at the base of it all is the myth of the mighty US dollar. What "melted down" in 2008, as we've long observed, was a 100-year-old central banking system. The mainstream Anglo-American media won't comment on this of course. We're still reading articles attributing the meltdown to the removal of Glass-Steagal or the mispricing of sub-prime mortgages. No, the same thing happened in 2008 that happened in 1929. The system collapsed. But this is the mother-of-all-collapses. It is the Big Bang of Black Swan events.'

'Nations engage in manic economic and political projects to get a "dopamine rush" that counters the depression and guilt about their success. Political paranoia and slow ego disintegration are seen in conspiratorial group-fantasies, fears of femininity [countered by persecution of homosexuals], imaginary humiliations by other nations [countered by a search for external enemies as grandiosity fails and Poison Alerts and sacrificial group-fantasies proliferate] [and Purity Crusades multiply as anti-modern and anti-child (Bad Boy) movements]. These are countered in the economic sphere by manic overinvestment, risky ventures, excess money supply growth, soaring debt and stock market speculations, and in the political sphere by jingoistic nationalism, expansionist ventures, military buildups and belligerent, insulting foreign affair behavior. As in drug addiction, each dopamine rush leaves a dopamine hangover that requires an even larger manic activity to overcome the resulting depression.'

'That depressions are self-inflicted wounds and not just the results of "mysteriously wrongheaded monetary policies" is still not admitted by most economists. The task of controlling growth panic by depressions is given to central banks, which first flood the nation with low interest liquidity to encourage overinvestment, excess borrowing, inflation and stock market bubbles, and then, when the expansion becomes too sinful for the national psyche, reverse the monetary expansion by increasing interest rates and reducing liquidity ("Taking away the punch bowl when the party gets going.") Depressions come because really people become depressed, reducing their spending and investment, and feel hopeless. ...nations enter into depressions because they feel persecuted for their prosperity and individuation by what Jungians have termed the "Dragon Mother" – the needy, "devouring mother of infancy who cannot let her children go because she needs them for her own psychic survival."

'(3) Internal Sacrifice Solution: If the leader cannot find an external enemy with whom to engage in a sacrificial war, he often turns to an internal sacrifice, either a violent revolution or an economic downturn. As Treasury Secretary Andrew Mellon said in 1929 as the Federal Reserve pushed the world into the Great Depression, "It will purge the rottenness out of the system." Business cycles are driven by the manic and depressive cycles of group-fantasy, as manic defenses against growth panic are followed by depressive collapses into emotional despair and inaction. Depressions and recessions are thus not due to "the Invisible Hand" of economics but are motivated sacrifices that often kill more people than wars do, halting dangerous prosperity and social progress that seem to be getting "out of control." Periodic economic downturns are the antidotes administered by sacrificial priests for the disease of "greed." ..."greedy" childhood selves felt to be responsible for the trauma...'

'There is no doubt that the Chinese "miracle" is going to end badly. An economic crack-up in China would likely put paid to any "recovery" the West might hope for... With the West and Asia suffering twin economic breakdowns it is most doubtful that the outlook for the global economy would be anything other than dire. If the event is coupled with rising food prices and a kind of artificially imposed trade war that further freezes goods and services worldwide, then the results could be truly catastrophic for millions, even billions. This is when we will begin to see whether the powers-that-be are truly Machiavellian in terms of their strategies and goals. This is when we will begin to find out if there is a workable plan to introduce a one-world financial system, and even one-world government. China may be the trigger. The wild card, however, is the Internet. We do not believe the power elite had any idea of the amount of antipathy that would be generated by this new communication tool.'

'The idea that that the world needs "leaders" and "governmental organization" is the logical conclusion of the fear-based themes that the elite attempts to circulate using a wide variety of sympathetic instrumentalities such as universities, think tanks, NGOs and the mainstream media which it by and large controls if it does not own it outright. The idea that individuals are powerless, that money is a governmental excretion and that the only way to get things done is to lobby politicians is a core foundational element of power elite propaganda. Central banking doesn't work. No one, not even the smartest person in the world, not even Ben Bernanke, can fix the value and quantity of money for the larger marketplace. Articles like this one in the Washington Post – well written and perceptive as they are – cannot hide this fundamental point. And thanks to the Internet, we have the intellectual resources to formulate for ourselves what is wrong and to try and put it right.'

'This is how Western capitalism operates after all. Too little is made of the connection between stock exchanges and central banking, though much is made of the connection between central banking and the graduated income tax which is seen as necessary to pay off the interest of the debt that the larger government accumulates. But in fact stock exchanges along Western (American) lines are part of the process of managing the booms and busts that central banks inevitably generate. Because too few people understand the inevitability of booms and busts, nor the connections between central banks and exchanges, the middle class is inevitably damaged by market downturns. Only those who have some understanding of Austrian economics have a chance, in our view, of participating in the stock market on equal footing with market pros. ...understanding macro-economic forces are perhaps the most efficient for people who don't want to spend all their spare time involved in market analysis.'