Bernanke, in Today's News 08.25.09

Bernanke. Wall Street Journal page one headline: "Obama to Reappoint Bernanke as Fed Chief."

The Obama team was decidedly against reappointment as of a couple of months ago. They put great pressure on Bernanke to join their team, or go. And now they commit to continuing with him.

That means that Bernanke may have made some deal to do as Obama wants. If so we will never know the details. Another explanation that is probably more likely is the Obama team may have decided they do not need another controversy, given all the crises and problems they face from Afghanistan to health care.

Bernanke, in Today's News 07.21.09

Bernanke. Bernanke's last stand?

Federal Reserve Chairman Ben Bernanke was on Capitol Hill today for two days of testimony as he tries to keep Congress from interfering in the Fed.

The background: It was Bernanke's ineptness during the height of the economic crisis that got Congress all riled up. Now two-thirds of the House members are sponsoring a bill requiring far-reaching congressional audits of the Fed.

The private owners of the Fed don't take this threat lightly. They have had close to a century of doing exactly what they want without anyone looking over their shoulders.

Bernanke's testimony is his last ditch effort to save his reputation with the bank owners. Should he fail to stop the legislation, his days as Fed chief are over.

Bernanke is basically a university professor. He seems to lack the 'street smarts' needed to guide the cryptocracy's central control mechanism for the American economy. He does seem to be a risk-taker, though, and such people often come out on top.

Bank of America, in Today's News 06.11.09

Bank of America. Today's news reveals a little of the reason for the cryptocracy's drive to undermine Kenneth Lewis, BoA Chief Executive. (See previous commentary on this issue here.)

The WSJ today quotes a number of statements and emails that indicate the central planners (Federal Reserve Chairman Bernanke and then Treasurer Secretary Paulson) were near-apoplectic about Lewis' attempt to back out of the purchase of Merrill Lynch, which Bernanke, Paulson and others had pressured BoA to undertake.

Lewis is now finding out that it isn't wise to get cross-wise with the cryptocracy on one of their high priority projects. The cryptocracy doesn't forget and now Lewis will have to pay the consequences for his temerity.  

Merkel Blasts Fed, in Today's News 06.03.09

Merkel Blasts Fed.  Today's WSJ features a major front-page headline "Germany Blasts 'Powers of the Fed.'"  From the article, "German Chancellor Angela Merkel, in a rare public rebuke of central banks, suggested the European Central Bank and its counterparts in the U.S. and Britain have gone too far in fighting the financial crisis and may be laying the ground work for another financial blowup." 

Actually, Merkel is mainly critical of the Fed and the British central bank.  "Ms. Merkel's critique jibes with statements from Axel Weber, the head of Germany's Central Bank and a member of ECB's 22-person Governing Council."

If ever there was an employee of the Rothschild's, Merkel is it.  So when a Rothschild key player attacks key Rothschild entities (the central banks), one might wonder what is going on.

On one level, there is not much going on.  It is a simple dispute about which tactics best serve the master family.  Merkel likes her German central bank (also controlled by Rothschild) and is here tooting its horn, as she is sometimes wont to do.  This is not the first time she has expressed these sentiments, but for reasons best known to the WSJ, the WSJ chose to feature her remarks today.

On another level, things get more interesting.  Merkel, in the past, has been a strong advocate for a world-wide central bank and centralized banking regulations. Merkel's critique merely poses a problem that requires an answer.  Is the world to have different national banks with different policies?  Is there no way to resolve such differences?  And the answer is: Well, yes there is, if we only had a world central bank to set policy and resolve disputes, and to make the world a better place.

The propaganda never ends.  The Rothschild interests and others will keep it up until they get what they want.  The world is now at the first stages of the creation of a world government, world banking, and a world currency.  Quite a bit more of preliminary activity is still required, but those who favor world government are helping lay the basis for the change by presenting the need for world government at any opportunity.

POSTSCRIPT 06.05.09.  Rothschild employee Bernanke, Chairman of the American Federal Reserve, made remarks to Congress on the need to reduce the federal deficit one day after Rothschild employee Merkel's remarks discussed above. Taken together the remarks seem to indicate a change of emphasis by the world's ruling families.  Gone are the days of freely generating money, throwing it at every 'problem' available, and piling up unprecedented debts.  Many of the goals that the ruling families wanted to pursue during the economic crisis have been accomplished.  Now is the time, therefore, for a little fiscal restraint, moderating the money-generation machine, and cutting costs.  Merkel and Bernanke often speak first on the desires of the ruling families, and so they have done here.