Are Central Banks Now Operating as One Global Monopoly?

Thursday, March 01, 2012 – by Staff Report

Central banks' joint efforts sustain global system ... Never before have the world's central banks sent so much money sloshing through the global financial system. From slashing interest rates and buying government debt to dangling cheap loans to banks and taking on their risky assets, central banks have taken extraordinary steps since the 2008 financial crisis to nurse the international banking system back to health. Over the past 3 1/2 years, the central banks of the United States, Britain, Japan and the 17 countries that use the euro have pumped out so much money that their balance sheets have reached a combined $8.76 trillion. That's a record, by far. The infusion of money has eased borrowing costs and raised confidence in banks, governments and companies. – Boston.com
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."
We've noticed another sub-dominant social theme as well. Fed Chairman Ben Bernanke is constantly talking about how the economy is improving and about the possibility that the Fed would soon tighten credit and stop printing so much money.
This is because he knows that by injecting so much paper money into the system he is devaluing the money already there. This is known as "inflation" – and leads to price inflation. Price inflation is increasing around the world and in the US has been estimated to be up to nine percent per year – maybe more.
The article quotes Diane Swonk, chief economist at Mesirow Financial, as saying, "Central banks around the world are making a bet that they will be able to handle inflation down the road."
Of course, in the history of monopoly money printing such an event has never occurred. Central bankers have NO IDEA of how to "drain" inflation. It never happens. Ruin is a one-way street.
There is another reason why central banks either won't "drain money" adequately or will do it so aggressively that the globe will be dumped into a kind of hyper-depression. That reason, in our estimation, is that the elites are TRYING to create a depression.
This is part of a larger one-world agenda. The twin pincer of global depression and global war is being prepared like a grim cocktail and sooner or later it will be administered to the unwilling patients.
In many ways, worldwide governance is already an operative fact. The BIS has well over 100 central banks reporting to it and almost all countries now HAVE a central bank. This does not mean, of course, that the central bank era is bound to be a success or that a formal New World Order is a fait accompli.
What we call the Internet Revolution is evidently and obviously undermining the pathologically ambitious plans of the power elite, and many of the fear-based memes that have been used successfully to consolidate power and wealth are not working so well any longer.
From our point of view, ever since the unexpected explosion of the new Information Age, the plans of the elite have been increasingly questionable.
Conclusion: Yes, there may be a good deal of centralizing going on – and we disagree that such centralizing is a good idea generally, let alone as part of a global enterprise. But we are not certain that one world is in the offing, no matter how aggressively central banks coordinate their policies and printing.