Economic Crisis, in Today's News 03.03.10

Economic Crisis. Today's Wall Street Journal has a headline (page C16) that perfectly expresses the current frustration of the Cryptocracy: "Congress Is Wasting a Good Crisis." [!!]

The Cryptocracy had precipitated the economic crisis in the hopes of creating an atmosphere where several changes to American public life could be stampeded through Congress to the great benefit of the owners of the country's wealth. 

They had a big 'to-do' list and some things were accomplished: the election of Obama, the government take-over of General Motors, a rationalization and consolidation of the banking industry, and a disciplining of the insurance industry. But a couple of big items are stuck in Congress: health care and a reorganization of financial regulation.

The Cryptocracy and their agents are now making a last-ditch effort to ensure that Congress passes legislation to enable a government take-over of health care and to enable an empowerment of the Federal Reserve as the chief enforcement agency. Time will tell if they are successful, but they rarely give in.

The WSJ headline, consciously or not, summarizes the situation as seen from Cryptocracy headquarters. Here the Cryptocracy had made a perfectly good crisis to change things around, and now these self-inflated goof-offs in Congress are mucking the whole thing up by their constant dickering over details.

The Cryptocracy intends to get its way. And they will eventually, until and unless a conscious opposition arises to their manipulations.

Economic Crisis, in Today's News 03.02.10

Economic Crisis. Congress is moving toward adopting legislation that will significantly increase the power of the Cryptocracy, and yet there is little-to-no outcry.

Today's Wall Street Journal page one: "The two senators (Dodd and Corker) have also reached a deal that would let the federal government break up large, failing financial companies."

Further, "Regulators would have the option to force any financial company into an FDIC[Federal Deposit Insurance Corporation]-controlled dissolution if they believed market chaos required such an extreme step. Under the proposal, this step could take place only after the agreement of the Fed's board, a council of regulators, and the Treasury secretary, in consultation with the president."

And, "The new deal would wipe out shareholders [!] and give the FDIC the power to remove management. Creditors would be guaranteed only the liquidation value of their claims in bankruptcy..."

There a number of players here, but the one who has the power is the Fed, which after all controls the nation's money supply. The Fed will play the key role in defining which corporation is in trouble and needs to be reorganized. It just so happens that the Fed is also the entity that can cause a particular corporation to get in trouble. And, it just so happens that the Fed is owned by the central banks, which in turn are owned by the Rothschilds and others.

If this legislation is adopted it will thus constitute a decisive step toward a planned economy controlled by the Rothschilds. The Fed and others will plan the economy. If a financial corporation doesn't act according to the plan, the Fed will step in, get rid of the stockholders and reorganize the company complete with a new management. 

The model for this arrangement is the Soviet Union and its planned economy. The central planners there, just as in the US now, had the power to direct and to break up any company or management.

This legislation, therefore, is a significant power-grab by the Rothschilds. The economic crisis was engineered to a great extent to create this new arrangement. It will bring the Rothschilds one big step closer to total control of the US economy.

One would, therefore, expect a huge outcry against the proposed legislation. But, one listens in vain. All the voices who were very vocal in criticizing the Fed and calling for an audit of the Fed, seem to have developed a case of laryngitis about this reform.

Economic Crisis, in Today's News 02.26.10

Economic Crisis. Today's Wall Street Journal page A2: "The Federal Reserve is gaining support in the Senate and could emerge from the overhaul of financial-market rules as the primary regulator of the country's largest financial firms, according to people involved in the negotiations."

This possibility is a switch. Until very recently this particular reform has been stuck in Congressional mud with little hope of passage. But, the Cryptocracy desire to put the Fed (which they own) in charge of regulating large banks and others is very high on their priority list. A case can even be made that the Cryptocracy brought on the economic crisis just to accomplish this reform.

And so, in the last few weeks pressure (in all its manifestations) has been brought

to bear on Christopher Dodd, chairman of Senate Banking Committee, and on all his fellow committee cronies. 

When the Cryptocracy really wants something, they will pull all the strings to achieve it. And so they have.

How craven these Senate toadies can become was illustrated in the WSJ by a participant in the negotiations, "All eight of us said it is unthinkable [!] to have the central bank of the United States not have supervisory authority over the financial industry..." 

The most surprising aspect of this development is the silence of the critics. Those voices who have been criticizing the Fed and calling for an audit, have been completely silent on this regulatory change. And yet this change has a significance that is almost beyond measure for the economy and the American public.

The Fed in charge of regulating the financial industry means that the private owners of the banks that own the Fed will be in control of the nation's economy. The Cryptocracy already mostly directs and manipulates the economy thru the Fed and other devices, but this change would institutionalize private control and supervision. It means handing over the economy to these ghouls who will plunder anything and everything to grab the nation's wealth.

If history is any indication, when the Cryptocracy has exclusive control of something, bad things happen.

Government-Controlled Economy, in Today's News 10.28.09

Government-Controlled Economy. The great Rothschild power grab, otherwise known as the economic crisis of 2008-09, continues its audacious program of theft. 

Now they are on the verge of Congress giving power to the Federal Reserve System to police the country's largest financial companies, including the ability to seize and break up failing companies, and to order large firms to shrink.

Rothschild agents and front men were instrumental in the formation of the Fed early in the last century. The Rothschilds attained predominant control of the Fed decision-making then and they have not relinquished it since.

The Fed is a private organization that is owned by the largest banks which are in turn owned by the Rothschilds and others of their ilk. The Fed tries to present itself as a government agency because the Fed director is appointed by the President and approved by Congress. But the government has no shares in the stock of the Fed. The Fed's decision are strictly in the interests of the families which own it.

The economic crisis was precipitated by the bank owners with the aim of transforming the American economy into a government-controlled economy with the Fed as the principle instrument of the government. Soon after the crisis began the Fed sought to reform the entire financial regulatory arrangement in the economy to give the Fed the central and pivotal role. When this effort became stalled in Congress, the Fed just reread their own rules and decided they already had the power to oversee the banking sector.

Now the Fed is striving to attain even greater powers. The legislation under review would give the Fed the power to direct any large financial holding company to sell or transfer assets or stop certain activities if the central bank determined there could be a 'threat to the safety and soundness of such company or to the financial stability of the United States.' The proposal would also require financial firms to pay for the unwinding of a collapsed competitor.

The Obama administration has taken significant steps toward consolidating a government-controlled economy. The Obama people have done their best to meet the Fed demands. They have made unprecedented forays into major corporate entities, such as General Motors. They have established various 'czars' to oversee aspects of the drive to a planned economy, including a pay czar who decreed unilaterally and without appeal that bank salaries were to be cut drastically.

The Rothschilds and the other families and forces at the pinnacle of world power are intent on changing the American economy into a centrally-controlled economy under their iron fists. They show no signs of relenting until they get their way. And everyday the American economy looks more and more like a soviet economy in formation.

The Rothschilds already control the central economic units in the United States through their agents on the boards of directors. Now they are looking to have the ability to step in and rearrange the corporate world at their whim.

The ultimate aim is to create a world-wide fortune-creating machine under the control of the Rothschilds with the world's population serving as the wage slaves under tight control. They are well on their way to achieving their goals.

The Rothschilds' constant effort to rule the world is the most important development in the world today and for the foreseeable future. Anyone who is seriously trying to preserve and promote what is good and righteous in the world, must start their considerations with the reality of the Rothschild drive to control the world. One's appreciation of any event in world politics must start from the context of what the Rothschilds are trying to do.

And so we come back to the Church. The teachings of Jesus are the only antidote to the world of mammon promoted by the Rothschilds. But those teachings only have a minimal effect if the Church leaders and hierarchy do not comprehend what is happening to the world, and how the Rothschilds plan is an extreme danger to the Church and the faithful.

The Pope is about to have his third synagogue spectacular when he visits the synagogue in Rome. Such actions play right into the hands of the Rothschilds. The actions enable the Rothschilds to proceed with their grand plan with minimal opposition, and especially without the opposition of the one power in the world that can stop them -- the power of the Savior.

Were the Church leaders and hierarchy to orient the Catholic world toward establishing the world rule of the teachings of Jesus, the world would look very different, and the Rothschilds would have met their potential nemesis. There was a time not too long ago when the Church leaders attempted to bring the world to an understanding of the way of Jesus as the only means of saving the world and the world's population. 

There is no higher priority than bringing the Church leaders back to this orientation.

Economic Crisis, in Today's News 09.18.09

Economic Crisis. The cryptocracy's real purpose in precipitating the economic crisis was an audacious grab for more power. Most Americans probably thought the nation's situation before the crisis was okay. Not so the cryptocracy. They saw money that should have gone in their pockets being diverted into high salaries, health care, risky investments, etc. Their perspective saw a downhill slope with more and more of society's wealth escaping their grasp.

And so, they precipitated the economic crisis with several concrete goals in mind. One was to greatly increase the power of the Federal Reserve, which just happens to be the cryptocracy's central device to control the economy to their benefit. 

One of the first proposals to come along after the economic crisis hit was to put key economic regulation in the hands of the Fed, a privately-owned entity, and out of the hands of government agencies. The idea was to give the Fed, and thereby the cryptocrats, greater control over the economy and over the engines of wealth production. Evidently the cryptocracy felt very strongly that the present arrangement was an enormous infringement on their ability to pull in the lucre. This proposal is currently tied up in various congressional committees and looks pretty much doomed. 

Today the Fed revealed a plan to impose sweeping curbs on pay in financial institutions. Wall Street Journal page one: "The Fed's plan would, for the first time, inject government [sic] regulators deep into compensation decisions traditionally reserved for the banks' corporate boards and executives. Under the proposal, the Fed could reject any compensation policies it believes encourage bank employees-- from chief executives, to traders, to loan officers--to take too much risk."

This proposal is in reality 'Plan B'. Obama failed to shepherd 'Plan A', the regulatory reform, through Congress. So the cryptocracy played their trump card: they simply will take over corporate oversight using their existing authority. 

The thrust of the Fed's latest proposal is to curb pay at all levels of a financial organization. But think about it. If one controls employee pay, one also controls employee activity. And to control employee activity is to control corporate activity. Thus the cryptocracy will have the Fed and their control of corporate boards to ensure that financial institutions do exactly as the cryptocracy wants. The cryptocracy thus is seeking to put an iron grip on the economy and its principle institutions.

One can never say the cryptocracy doesn't have chutzpah. 

It is amazing that they are able to get away with this stuff. The innocence of the American public is enduring. And one of these days, they will come to realize that the cryptocracy has taken extreme advantage of their innocence. 

If the Church leaders were at all conscious of where things are headed, they would take a lead in educating the public. Don't hold your breath.

Obama, in Today's News 09.15.09

Obama. The left tends to see Obama in messiah-like terms and the right tends to see him as evil-incarnate. The truth is that Obama is just a central employee of the cryptocracy and he does what they want. And right now his handling of several of the cryptocracy's projects is no doubt causing the cryptocracy some displeasure.

Twice in one week Obama has had to give speeches that he shouldn't have had to make. It is always a sign of trouble when the top guy has to intervene to try to salvage a project that a subordinate should have handled. Obama last week tried to save the health plan in a speech to congress and the nation, and to save the reorganization of financial regulation in a speech on Wall Street.

Both projects are high priority for the cryptocracy and both are stumbling badly. So bad that Obama is trying to make a last desperate gamble to save them. Especially with the health issue Obama is staking his political capital. His prospects for success are not great.

The health reform is now tied up in a myriad of disputes, objections, partisan politics, public opposition, and you name it. About all that Obama and the cryptocracy can hope for is to pass something that gets the health reform off the ground.

Obama's speech on Wall Street yesterday appealed for support for his plan to transfer powers to the Fed. Not one CEO of a top bank attended his talk in an amazing display of opposition and lack of respect!! That dramatic rudeness just about says all that needs to be said about Obama's prospects on financial regulation reform.

The cryptocracy precipitated the economic crisis in part to establish an atmosphere that would better enable adoption of the health reform and the financial re-regulation. Both reforms are crucial for the cryptocracy to ensure the security of their wealth-producing set-up. Obama's failure to shepherd these projects to a successful conclusion has to cause pause for thought about Obama among the cryptocrats.

Obama's difficulties are complicated by two other situations: Afghanistan and Iran. Very soon Obama will have to make a decision on how to salvage the deteriorating situation in Afghanistan. Any decision he makes will increase his problems. If he sends in more troops the American people and the left of his own party will object. If he leaves the situation to its own devices, he faces the possibility of a soviet-type debacle in Afghanistan.

The cryptocracy would very much like to see Iran brought to its knees so that the cryptocracy's mother country, Israel, will have dominance in the middle east. While the US and Israel both agree on what should be done to Iran in the long run, some tactical differences have emerged under the Obama regime. Probably what has happened is that Obama has far too many central projects to be able to spend time and effort on Iran. Thus he has consistently pushed for negotiations to gain some time.

Israel, on the other, hand is becoming quite impatient. Israel has, in effect, given the US until spring 2010 to do something or Israel itself will militarily attack Iran. Today's Wall Street Journal has a column by Bret Stephens, "Obama is Pushing Israel Toward War." Stephens diligently puts together all the Israeli threats to the US if the US doesn't act. The column is meant as a shot-across-the-bow for Obama.

********

Incidentally, Obama's speech on Wall Street contains a quote that is pure bluster and also almost a declaration of war on the street. "Hear my words: We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses."

One can almost hear the central bankers thinking, "Who the hell does guy think he is? 'Hear my words.' Give me a break!!!!" 

Behind the bluster, though, Obama is asserting that he is more powerful than the street, and he intends to exert that power. One wonders how he thinks he can carry this threat out. At the very minimum he has made permanent enemies of the financial chiefs, and he will face a stupendous political fight.

Economic Crisis, in Today's News 09.09.09

Economic Crisis. When the cryptocracy precipitated the economic crisis, one of their primary goals was to grant the privately-owned Federal Reserve more power, especially regulatory power.

So, how is that project going?

Today's Wall Street Journal (page 1): "...Democrats' efforts to rework the rules for finance have bogged down amid infighting between federal regulators, fury among bankers and opposition from many lawmakers who believe that further expanding the government's reach will only create new problems. The all-consuming debate over health care has damped enthusiasm for tackling such complex legislation." [!!!]

The cryptocracy can not be pleased. They thought they had a winner in Obama, but so far he is screwing up the health care reform, and the all-important Fed empowerment is all but finished. Plus, he is heading for domestic and foreign trouble as Afghanistan blows up in this face.

There is a scary side to all this. The cryptocracy made an economic crisis to accomplish these goals and many more. As the efforts by their employees to change things limps along, the cryptocracy is apt to conclude that they need an even bigger crisis to accomplish what they want.

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.

Economic Crisis, in Today's News 08.04.09

Economic Crisis. Read these quotes, they're important in understanding the economic crisis. From today's Wall Street Journal, page one, "Treasury Secretary Timothy Geithner blasted top U.S. financial regulators in an expletive-laced critique last Friday as frustration grows over the Obama administration's faltering plan to overhaul U.S. financial regulations..."

"...the plan has been criticized by the financial-services industry, as well as by financial regulators wary of encroachment on their turf."

"Friday's roughly hour-long meeting was described as unusual, not only because Mr. Geithner's repeated use of obscenities, but because of the aggressive posture he took with officials from federal agencies generally considered independent of the White House."

"Mr. Geithner, without singling out officials, raised concerns about regulators who questioned the wisdom of giving the Federal Reserve more power to oversee the financial system."

One of the cryptocracy's central goals to be accomplished in the wake of the economic crisis they precipitated was to empower the Federal Reserve as the THE regulator of the financial world. This power-grab by the owners of the world's banks was chutzpah exemplified. 

And now the cryptocracy must be realizing that they didn't create a big enough crisis, because they have not intimidated the regulatory bureaucracy and the leaders of the financial world enough to go along with the cryptocracy's objective.

One of the rules of the modern political world is never underestimate the staying power of an established bureaucracy. And that is exactly what the cryptocracy did.

The frustration must be extreme as shown by the behavior of the otherwise mild-mannered Geithner. He is one of the central employees of the cryptocracy. His assignment is to manage the change-over in the regulatory world. His unsual performance at the meeting stems from the pressure his employers are putting on him to accomplish his assignment which is in danger of slipping away.

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.

Economic Reform, in Today's News 06.18.09

Economic Reform. Obama's vaunted overhaul of finance rules finally made into the light of day. The package of proposed legislation if adopted will further institute a government-run economy and mark a turning point in world history.

WSJ: "President Barack Obama urged policy makers to rewrite the rules governing U.S. finance, unveiling far-reaching proposals that would affect nearly every aspect of banking and markets."

If you desire a soviet-style economy and if you really want government regulation of every aspect of the economy and life, then to start the ball rolling this is the legislation for you.

"A new agency would regulate financial products for consumers, such as mortgages. There would be rules to mitigate booms and busts, a goal often sought but rarely reached.  The U.S.. would gain powers to take over tottering financial giants and supervise firms that could pose a threat to financial stability, even those that don't own banks. Executive compensation and hedge funds would face more scrutiny. Bank regulation would be streamlined somewhat. Financial firms would be required to hold more capital."

And in the center of it all is the privately-owned Federal Reserve. "The Federal Reserve would become the nation's most powerful financial overseer...The proposal, if passed, would represent one of the biggest changes ever in the Fed's role. The central bank would win power to monitor risks across the financial system, and sweeping authority to examine any firm that could threaten financial stability, even if the Fed wouldn't normally supervise the institution. The nation's biggest and most interconnected firms would be subject to heightened oversight by the central bank." (Emphasis added.)

So stop to think about this. The owners of the world's wealth through their control of the banks and through them the Fed now will have virtually unlimited power to direct the nation's economy in their interests. If some company doesn't do as it is told, the company will now be subject to the Fed's disciplinary powers, including taking over the company a la General Motors.

All this was but a dream for the bankers who conspired to set up the Fed in the first place. Their great plan was that someday in the distant future the Fed could evolve into the central planner for the nation's economy. Well, now they almost have it. All that stands in their way is the legislative process, which will probably tame the powers down a bit, but will leave the essential.

This development is a major, major change in the history of the world. And it is certainly a big step away from a world that looks to God for its direction. Will the Church leaders have anything to say about this? Dubious. Do the Church leaders even recognize what is occurring before their very eyes? Dubious.

Financial Regulations Ready for Prime Time, in Today's News 06.15.09

Financial Regulations. WSJ: "Barack Obama is expected Wednesday to propose the most sweeping reorganization of financial-market supervision since the 1930s, a revamp that would touch almost every corner of banking..."

Obama has backed off a bit on his goals, but his proposal still goes a long way to institutionalizing a government-run economy. "At the center of the plan...is a move to remake powers of the Federal Reserve to oversee the biggest financial players, give the government the power to unwind and break up systematically important companies...and create a new regulator for consumer-oriented financial products..."

Why is this being done? "Administration officials say their goal is to make it less likely the economy will ever again teeter on the brink of collapse by giving policy makers more tools to arrest a crisis the next time one occurs." Remember the slogan, 'the war to end all wars'? Such slogans and verbage are a favored cryptocracy tactic: create a fear, propose a 'solution' that will supposedly end the fear forever, and under the cover of the 'solution' put through changes that will benefit the cryptocracy. In this case, ending crises has nothing to do with it, except to provide a rationale. Here's what is really at stake: the central owners of the world's wealth are attempting to set up a system that gives them far more control of the nation's economy.

How will it work? "[Administration officials] envision a less volatile marketplace where banks are encouraged...to take fewer risks that have the potential to destabilize the economy. Hedge funds would be forced to register with the government and may face federal supervision...Mortgages and other consumer products would be monitored by a new watchdog, and there would be global transparency rules over exotic financial instruments." The cryptocracy doesn't care about a 'less volatile marketplace'. What they want is control of the market so that nobody can do things to damage their wealth production, much as some of the hedge funds (not under the cryptocracy's direct control) were able to do before the economic crisis.

The key part of all this is the empowerment of the Federal Reserve, a private entity owned by the largest banks, which in turn are owned by the world's richest families. "The Fed will likely have the power to set capital and liquidity requirements for the U.S.'s largest financial companies and scour the books of a wide range of firms." IOW via the Fed, the wealth owners will be regulating themselves. How do you think that will work out?

IOW, this 'reform' is nothing short of a power grab by the world's wealthiest individuals and families to gain exclusive control over the economy. In effect, they are establishing themselves as the board of directors for all the major companies in the American economy. Does it remind anyone of the politburo as head of all enterprises in the Soviet Union?

Where is all this going? "[Treasury Secretary] Mr. Geithner said...'We need a level playing field globally, or the effectiveness of our national safeguards against risk will be undermined.'" (!!!!!) So the American reform is just a step to 'globalizing' the control by the cryptocracy. Hang on!!! It is going to become very interesting!

Mark Whitney on the Economic Crisis

Economic Crisis. Mark Whitney has written an informative article on the background to the economic crisis and the current efforts to finance $1 trillion in debt. His insights can be helpful in gaining a better understanding of the current economy. His article may be read here.

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.  

Finance Reforms Pared Back, in Today's News 06.09.09

Finance Reforms Pared Back.  WSJ: "The Obama administration is backing away from seeking a major reduction in the number of agencies overseeing financial markets...suggesting that the current alphabet-soup of regulators will remain mostly intact."

Well, what do you know? The bureaucracy wins!!!! One of the cryptocracy's key mandates to the Obama administration was to reform the regulatory world that watches the financial industry. The goal was to centralize the work of various agencies through the privately-owned Federal Reserve, which would give the world's richest families (starting with the Rothschilds) the ability to regulate themselves. This was their great dream, nirvana in fact, and they precipitated the economic crisis to create an atmosphere to accomplish this dream among others.

And the existing bureaucratic apparatus set-up by the cryptocracy becomes an obstacle to the new cryptocracy plans. Priceless!!! "The [administration's] decision is partly practical and partly political...Officials worry that trying to start [the reform process] from scratch could ignite messy turf battles that might slow or even derail the entire process." Never underestimate the staying power of an entrenched bureaucracy!!!!

"But sidestepping a major regulatory restructuring could spark criticism that the administration has missed a once-in-a-lifetime chance."

"'History shows that opportunities for real reform are short-lived,' Federal Reserve Governor Daniel Tarullo, who has close ties to the White House, said in a speech on Monday. 'Momentum can too easily be lost, and the return of better times too easily leads to complacency.'"

In other words, the Obama administration blew it, and now it is too late. The economic crisis was for naught in regard to regulatory reform.

The Obama administration tries to save face: "Rather than seeking additional consolidation, the administration's plan now appears to be focused on setting up new rules for containing risk."  

There are some gains for the cryptocracy: "The Federal Reserve will likely emerge stronger, gaining power to oversee companies, financial products and industry practices that might pose systemic risk."

It must be frustrating for the owners of the world's wealth. They control so much and yet they still have to work through unreliable political operatives. Here they bought and paid for and trained Obama and gave him a unique opportunity, and still he couldn't bring home the bacon. Again: Priceless.  

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.