Smile… you’re on candid camera (internet edition)
For all you Fed watchers out there, here are two very timely bits of information that may be of interest to you.
Firstly, we have the provocative and insightful work of the editors over at ZeroHedge where they explain just who the overlords of the United States Federal Reserve System are and how much money they are extracting each month from the citizenry.
How The Fed’s Latest QE Is Just Another European Bailout
The headline sounds so repetitious to what we’ve been seeing for five years that it nearly lulls you into a benign sleep, but the truth is that the strategy is essentially based in treason.
Secondly, from Ellen Brown author of Web of Debt we have her latest “Who Owns The Federal Reserve?” from the Centre for Research on Globalization.
It’s been Dave’s position all along that the plan is to collapse the Fed from the inside. It will be one of those “Pain Capital… the only thing left is an HP Printer kind of stories” once all the wealth has been extracted. Just look at the simple fact that it’s going to take a full “dog year” for Germany to get its gold back and you know how hollowed out the ever-inflating balance sheet really is. If you’re planning a reset you have to make it so deep and so impactful that it’s guaranteed that the vast majority will be unable to resist it.
The only argument that I have with the article is how in the comments thread, “Tyler Durden” diminishes the role of a single global currency (ala Special Drawing Rights) due to its difficulty in addressing balance of trade issues. That’s the whole idea behind the “divorced currency’ and “prebit” theme that I have been writing about for years. In a divorced currency model once you successfully separate goods into either the “convenience” category or the “wealth” category then you can indeed impose a single global currency for the purpose of wealth management while leaving the convenience items to be addressed with high velocity electronic money be that in sovereign novelty form (i.e. a reborn Greek Drachma), bitcoin or Outback Steakhouse Giftcards.
Separating your from you true wealth while leaving you with an Ipad and the obligation for a cell phone contract and student loan payments are the plan. How’s it working for you?