Sunday, June 22, 2014

Buying Up the Planet 
Central Banks Are Buying   
Up The World's Corporations
Ellen Brown* sees the trend of using finance as a form of warfare - instead of military warfare, the idea is for central banks to use credit creation to buy foreign resources, real estate, public & private infrastructure, bonds & corporate stocks .. who needs an army when you can accomplish the same objective with monetary means & asset confiscation using financial warfare? .. "This is a rather alarming development. Central banks have the power to create national currencies with accounting entries, and they are traditionally very secretive .. What is to stop a foreign bank from simply printing its own currency and trading it on the currency market for dollars, to be invested in the U.S. stock market or U.S. real estate market? What is to stop central banks from printing up money competitively, in a mad rush to own the world’s largest companies? Apparently not much. Central banks are for the most part unregulated, even by their own governments." .. highlights the potential for China for financial warfare: "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 U.S. dollar hegemony. Whatever power plays are going on behind the scenes, it is increasingly clear that they are not serving we-the-people. The global central banking scheme is systemically flawed and needs to be radically overhauled."
LINK HERE to the essay

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