 |
| http://www.bbc.com/news/world-europe-27973473
The raid on Wprost's offices by a prosecutor was broadcast live by several TV channels in Poland last week. According to the excerpts,
Mr Sikorski told former Finance Minister Jacek Rostowski at a
restaurant in Warsaw early this year that "the Polish-US alliance isn't
worth anything". Using vulgar language, he compared Polish subservience
to the
US to giving oral sex. He also warned that such a stance would cause
"conflict with the Germans, Russians". He also used a racially loaded
term to describe the Polish stance - "murzynskosc", which suggests a
slave mentality. "[We are] suckers, total suckers. The problem in Poland is
that we have shallow pride and low self-esteem,'' Mr Sikorski was quoted
as saying.
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As everyone else sells, China buys U.S. debt
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>> http://www.cnbc.com/id/101625105
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| Central Bank of the People of China [CBPoC] |
http://www.truthdig.com/report/page2/out-of-control_central_banks_on_a_corporate_buying_spree_20140623
EllenBrown, Web of Debt, From Monetary Policy to Asset Grabs
Central banks are allowed to create money out of nothing in order to conduct the monetary policies necessary to “regulate the value of the currency” and “maintain price stability.” Traditionally, this has been done with “open market operations,” in which money was either created by the central bank and used to buy federal securities (thereby adding money to the money supply) or federal securities were sold in exchange for currency (shrinking the money supply).
“Quantitative easing” is open market operations on steroids, to the tune of trillions of dollars. But the purpose is allegedly the same—to augment a money supply that shrank by trillions of dollars when the shadow banking system collapsed after 2008. The purpose is not supposed to be to earn an income for the central bank itself. Indeed, the U.S. central bank is required to return the interest earned on federal securities to the federal government, which paid the interest in the first place.
Further, as noted earlier, it is not the US Federal Reserve that has been massively investing in the stock market. It is the PBoC, which arguably is in a different position than the US Fed. It cannot print dollars or Euros. Rather, it acquires them from local merchants who have earned them legitimately in foreign trade.
However, the PBoC has done nothing to earn these dollars or Euros beyond printing yuan. It trades the yuan for the dollars earned by Chinese sellers, who need local currency to pay their workers and suppliers. The money involved in these transactions has thus doubled. The merchants have been paid in yuan and the central bank has an equivalent sum in dollars or Euros. That means the Chinese central bank’s holdings are created out of thin air no less than the Federal Reserve’s dollars are.
EllenBrown, Web of Debt, From Monetary Policy to Asset Grabs
Central banks are allowed to create money out of nothing in order to conduct the monetary policies necessary to “regulate the value of the currency” and “maintain price stability.” Traditionally, this has been done with “open market operations,” in which money was either created by the central bank and used to buy federal securities (thereby adding money to the money supply) or federal securities were sold in exchange for currency (shrinking the money supply).
“Quantitative easing” is open market operations on steroids, to the tune of trillions of dollars. But the purpose is allegedly the same—to augment a money supply that shrank by trillions of dollars when the shadow banking system collapsed after 2008. The purpose is not supposed to be to earn an income for the central bank itself. Indeed, the U.S. central bank is required to return the interest earned on federal securities to the federal government, which paid the interest in the first place.
Further, as noted earlier, it is not the US Federal Reserve that has been massively investing in the stock market. It is the PBoC, which arguably is in a different position than the US Fed. It cannot print dollars or Euros. Rather, it acquires them from local merchants who have earned them legitimately in foreign trade.
However, the PBoC has done nothing to earn these dollars or Euros beyond printing yuan. It trades the yuan for the dollars earned by Chinese sellers, who need local currency to pay their workers and suppliers. The money involved in these transactions has thus doubled. The merchants have been paid in yuan and the central bank has an equivalent sum in dollars or Euros. That means the Chinese central bank’s holdings are created out of thin air no less than the Federal Reserve’s dollars are.
Battle of the Central Banks?
Western central banks have generally worked this scheme discreetly. Not so much the Chinese, whose blatant gaming of the system points up its flaws for all to see.
Georgetown University historian Professor Carroll Quigley styled himself the librarian of the international bankers. In his 1966 book Tragedy and Hope, he wrote that their aim was “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,” central banks that “were themselves private corporations.”
It may be the Chinese, not acting in concert, who break up this cartel. The PBoC is no more transparent than the US Fed, but it is not an “independent” central bank. It is a government agency accountable to the Chinese government and acting on its behalf.
The Chinese have evidently figured out the game of the “independent” central bankers, and to be using it to their own advantage. If the Fed can do quantitative easing, so can the Chinese – and buy up our assets with the proceeds. Owning our corporations rather than our Treasuries helps the Chinese break up US dollar hegemony.
Whatever power plays are going on behind the scenes, it is increasingly clear that they are not serving we-the-people. Banks should not be the exclusive creators of money. We the people, through our representative governments, need to be issuing the national money supply directly, as was done in America under President Abraham Lincoln and in colonial times.
Ellen Brown is an attorney, founder of the Public Banking Institute and the author of twelve books, including the best-selling Web of Debt. Her latest book, The Public Bank Solution, explores successful public banking models historically and globally.
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Western central banks have generally worked this scheme discreetly. Not so much the Chinese, whose blatant gaming of the system points up its flaws for all to see.
Georgetown University historian Professor Carroll Quigley styled himself the librarian of the international bankers. In his 1966 book Tragedy and Hope, he wrote that their aim was “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,” central banks that “were themselves private corporations.”
It may be the Chinese, not acting in concert, who break up this cartel. The PBoC is no more transparent than the US Fed, but it is not an “independent” central bank. It is a government agency accountable to the Chinese government and acting on its behalf.
The Chinese have evidently figured out the game of the “independent” central bankers, and to be using it to their own advantage. If the Fed can do quantitative easing, so can the Chinese – and buy up our assets with the proceeds. Owning our corporations rather than our Treasuries helps the Chinese break up US dollar hegemony.
Whatever power plays are going on behind the scenes, it is increasingly clear that they are not serving we-the-people. Banks should not be the exclusive creators of money. We the people, through our representative governments, need to be issuing the national money supply directly, as was done in America under President Abraham Lincoln and in colonial times.
Ellen Brown is an attorney, founder of the Public Banking Institute and the author of twelve books, including the best-selling Web of Debt. Her latest book, The Public Bank Solution, explores successful public banking models historically and globally.
http://www.truthdig.com/report/item/out-of-control_central_banks_on_a_corporate_buying_spree_20140623
[sidebar: Mr. Bryan, ET AL,
http://theartof12.blogspot.com/2014/06/robert-j-bryan-united-states-district_23.html
http://www.theartof12.blogspot.com/2014/06/robert-j-bryan-united-states-district.html
can keep the GAME in the secret place where the gamers used to play in so much non-transparency? NO. But, that's how MON SATAN 'mind' works. The poisoned organ (brain) is a function that is in the BLOOD, duh. The blood doesn't get clean in a liver that is extended, expanded and filled basically with decay (pus). That is why the BODY is so LARGE, the organic form has become artificial and is decomposing, as bodies do when poisoned to death. DEAD WRONG. Our entire CONGRESS is for the most, DEAD WRONG. They've been in controlled everything in everywhere to be exactly what IT wants, and what IT is: Experiments that are controlled fully, do exactly what the experiment is dictated to do and when the experimented upon commodity: isn't controlled exactly-properly, then dispose of IT. LIFE DOESN'T HAVE VALUE. Not to Mr. Bryan. He can't FEEL with his HEAD and THINK with his HEART, he is already in the CENTRAL BANK OF CHINA'S DIGITAL DATA, all his so called 'wealth' has already been transferred make no doubt about this fact. AND, and when bodies decompose the BLOAT .... obviously, is due to the 'pus' inside where healthy organs once were. Mr. Bryan writes papers that protect the RACKET of the CENTRAL BANK, FEDERAL RESERVE 'US' [FED/CB], or call what HENRY FORD called the THUGS: INTERNATIONAL BANKERS [ICB]. Mr. Bryan is one of the TRIBE that has been made into exactly what the ICB wants. He has used the products which the ICB manufacture to cause the human being to be a mass murderer, a truly vile evil that exterminates our own species. 
He enjoys, as do the other criminally insane,
COURT SYSTEM U.S.A. Central Bank of the People Of China 'government' psychotically TRIBAL debt slaves. Flesh human capital, paid to the proper MON SATAN/$
.. to be continued ...]
Central Bank of the People of China United States of the VIRTUAL DEBT slaves to the same ole MON SATAN$
ReplyDeleteRobert J. Bryan, People's Bank of China and the U.S.A. MON SATAN degradation of the brain/mind body and spirit!
ReplyDelete