Quantitative Easing 2 Is A Central Bank Coup

The nationalization of the US Banking System via TARP and other Federal Reserve Facilities under QE 1, and now the money printing operations of QE 2 to the tune of $600 Billion to 1 Trillion constitute social, economic, banking and political coups.

These fulfill the bible prophecy of the First Horseman of the Apocalypse. The horse is white signifying conquest over mankind, and the fact the rider has a bow with no arrows, foretells a bloodless political coup.

The Scripture reference is Revelation 6:1-2 where the NIV relates: “I watched as the Lamb opened the first of the seven seals. Then I heard one of the four living creatures say in a voice like thunder, “Come!” I looked, and there before me was a white horse! Its rider held a bow, and he was given a crown, and he rode out as a conqueror bent on conquest”.

Arlen L Chitwood relate the Greek word “crown” here is “stephanos” or “conqueror’s crown”.

Through European Union Economic Governace, Quantitative Easing 2, and trade agreements such as that of the ASEAN group,  eeconomic and political conquerors are now rising to establish ten regional oligarchies of state corporate rule; this is also known as global corporatism.

This as four rival world powers, consisting of the North being Russia, the East being China and Japan, the South being South America and Africa, and the West being the United States, Great Britain, and Europe come to polarize the world. 

The leaders will announce Security and Prosperity Framework Agreements, such as the Federal Reserve’s TAF, TSLF, and PDCF, and also the Security and Prosperity Partnership of North America, the SPP, which replace traditional and constitutional law. The Leaders’ announcements waive national sovereignty and establish a region of global governance where powers are federalized. Sovereignty becomes a principle of a bygone era as collective decisions are made by the ruling elite comprised of banking, governmental and media leaders. Stakeholders, such as the North American Competitiveness Council, that is the NACC, will oversee natural resources, the factors of production and manage the economic institutions of finance, commerce, trade and investment.

Leaders’ announcements waived national sovereignty and established a region of global governance in the Eurozone as evidenced by the Conclusions of the European Council October 28, and 29, 2010 Summit in PDF Format,  these being found on the European Council press release page, and the remarks of Herman Van Rompuy, President of the European Council at the press conference following the meeting of the Heads of State of Government entitled Strengthening Economic Governance In The EU in PDF Format, as well as the announced Fiscal Surveillance Procedures In The EU In PDF Format.  The latter provides for vetting of national budgets before they are presented to the national legislatures and institutes fiscal federalism in the Eurozone.

John Redwood, Member of Parliament for Wokingham and Chairman of the Conservative Economic Affairs Committee writes in article European Union Economic Governance writes I have been reading the lengthy documents on EU Economic Governance which the Uk administration invites Parliament  to take note of . I do not think I can in any way support them. The economic surveillance goes well beyond deficits to  include a “scoreboard of competitiveness indicators, including productivity, labour costs, employment, productivity, current accounts, foreign assets and real exchange rates”. Recommendations are the constructed for each member state based on how well or badly they are doing according to EU judgement.  “The Government believes there is some merit in the idea of the “EU semester”, which would allow the EU to consider each Member state’s fiscal position at the same time as analysing its performance on structural reform issues… this would also allow all Member states to be given recommendations under the Stability and Growth Pact at the same time of year”  The UK is exempted from the sanctions and enforcement measures, but is still part of this big increase in economic surveillance and common policy making. If it is all as harmless and unimportant as the governemnt says, why don’t we just exempt ourselves from the whole thing, and demand powers back in return for any assent to a new Treaty?

Additional evidence that a European region of global governance has formed is the package of Commission Proposals On EU economic Governance DG Ecfin 29 September 2010.

Societies will become ever more pyramidal in shape.

Bible prophecy relates that eventually, a Sovereign will arise as world ruler …  as Revelation 13:5-10 foretells of a sovereign king, that is a monarch, who has sovereign power and authority to rule.

He will be complimented by the False Prophet and Seignior, that is a world religious leader who also acts as chief world banker … as Revelation 13:11-18 tells of a globally sovereign religious leader and banker. He is the Seignior, meaning, top dog who takes a cut; in modern-day terms, an investment banker who securitizes credit and manages lending, he is also the world’s religious leader, and via investment and commerce connections institutes a global seigniorage wealth and commerce system as well as a global currency system. 

Seigniorage means top dog bank-note system, and comes from the Scottish and Bank of England financial system which was devised to maintain the value of currency, with reference found in ‘The History of Seigniorage Wealth Elaine Meinel Supkis’ February 7, 2008 Money Matters Blog.

Again Arlen L Chitwood notes the difference between the Greek words “stephanos” and “diadema”, relative to the Antichrist and his kingdom. Stephanos is used of the type crown worn by the Antichrist, when he is first introduced in the book of Revelation (6:2), but later diadema, is used relative to his exercise of delegated power and authority, (12:3; 13:1, 2).

Related Reading

1) A Beast System, Sovereign, and Seignior to rule mankind Bible reveals

2) Is a one world church, an inter-faith world religion, rising to unite mankind?

3) Rod in Sovereign Awakening article Ron Paul: Some Big Events Are About To Occur provides clips from Steve Watson Infowars.net Thursday, July 17, 2008 article:  “Texas Congressman Ron Paul has warned the House that he is “convinced the time is now upon us that some Big Events are about to occur.” that will cause liberty to go “into deep hibernation”. 

Paul told the House: “These fast-approaching events will not go unnoticed. They will affect all of us. They will not be limited to just some areas of our country. The world economy and political system will share in the chaos about to be unleashed.”

“There are reasons to believe this coming crisis is different and bigger than the world has ever experienced. Instead of using globalism in a positive fashion, it’s been used to globalize all of the mistakes of the politicians, bureaucrats and central bankers.” Paul continued.

In one of Paul’s most memorable speeches to date, the Congressman spoke of rampant authoritarianism having replaced the principles of liberty that the United States was founded upon and warned that current empire building financed through inflation and debt signals a most frightening period in history.

“Our arrogance and aggressiveness have been used to promote a world empire backed by the most powerful army of history. This type of globalist intervention creates problems for all citizens of the world and fails to contribute to the well-being of the world’s populations. Just think how our personal liberties have been trashed here at home in the last decade.” Paul urged fellow representatives.

Paul outlined the history of the current economic crisis and alluded to key events such as the inception of the Federal Reserve System, the creation of the Bretton-Woods Monetary System and the creation of a “dollar bubble”.

“This bubble is different and bigger for another reason.” Paul argued.

“The central banks of the world secretly collude to centrally plan the world economy. I’m convinced that agreements among central banks to “monetize” U.S. debt these past 15 years have existed, although secretly and out of the reach of any oversight of anyone–especially the U.S. Congress that doesn’t care, or just flat doesn’t understand.”

Yesterday, the Congressman also confronted Federal Reserve Chairman Ben Bernanke over what he described as a 35 plus year dollar bubble, telling him “You are probably the biggest taxer in the country”, citing the inflationary fiat money system as the most unfair and regressive form of taxation there is.

A stunned Bernanke put up little resistance and simply agreed with Paul, stating “Congressman, I couldn’t agree with you more that inflation is a tax, and that inflation is currently too high.”

Paul also pointed out that government bail out packages for lenders will inevitably lead to a further increases in the already stratospheric national debt.

Paul outlined the history of the current economic crisis and alluded to key events such as the inception of the Federal Reserve System, the creation of the Bretton-Woods Monetary System and the creation of a “dollar bubble”.

“This bubble is different and bigger for another reason.” Paul argued.

“The central banks of the world secretly collude to centrally plan the world economy. I’m convinced that agreements among central banks to “monetize” U.S. debt these past 15 years have existed, although secretly and out of the reach of any oversight of anyone–especially the U.S. Congress that doesn’t care, or just flat doesn’t understand.”

Yesterday, the Congressman also confronted Federal Reserve Chairman Ben Bernanke over what he described as a 35 plus year dollar bubble, telling him “You are probably the biggest taxer in the country”, citing the inflationary fiat money system as the most unfair and regressive form of taxation there is.

A stunned Bernanke put up little resistance and simply agreed with Paul, stating “Congressman, I couldn’t agree with you more that inflation is a tax, and that inflation is currently too high.”

Paul also pointed out that government bail out packages for lenders will inevitably lead to a further increases in the already stratospheric national debt.”

Following is a clip from Ron Paul’s speech before the House regarding monetization of  US government debt.

“We have to pay the piper. Our huge foreign debt must be paid or liquidated. Our entitlements are coming due just as the world has become more reluctant to hold dollars. The consequence of that decision is price inflation in this country–and that’s what we are witnessing today. Already price inflation overseas is even higher than here at home as a consequence of foreign central banks’ willingness to monetize our debt.

Printing dollars over long periods of time may not immediately push prices up–yet in time it always does. Now we’re seeing catch-up for past inflating of the monetary supply. As bad as it is today with $4 a gallon gasoline, this is just the beginning. It’s a gross distraction to hound away at “drill, drill, drill” as a solution to the dollar crisis and high gasoline prices. It’s okay to let the market increase supplies and drill, but that issue is a gross distraction from the sins of deficits and Federal Reserve monetary shenanigans.

This bubble is different and bigger for another reason. The central banks of the world secretly collude to centrally plan the world economy. I’m convinced that agreements among central banks to “monetize” U.S. debt these past 15 years have existed, although secretly and out of the reach of any oversight of anyone–especially the U.S. Congress that doesn’t care, or just flat doesn’t understand. As this “gift” to us comes to an end, our problems worsen. The central banks and the various governments are very powerful, but eventually the markets overwhelm when the people who get stuck holding the bag (of bad dollars) catch on and spend the dollars into the economy with emotional zeal, thus igniting inflationary fever.

This time–since there are so many dollars and so many countries involved–the Fed has been able to “paper” over every approaching crisis for the past 15 years, especially with Alan Greenspan as Chairman of the Federal Reserve Board, which has allowed the bubble to become history’s greatest.

The mistakes made with excessive credit at artificially low rates are huge, and the market is demanding a correction. This involves excessive debt, misdirected investments, over-investments, and all the other problems caused by the government when spending the money they should never have had. Foreign militarism, welfare handouts and $80 trillion entitlement promises are all coming to an end. We don’t have the money or the wealth-creating capacity to catch up and care for all the needs that now exist because we rejected the market economy, sound money, self-reliance and the principles of liberty.

Since the correction of all this misallocation of resources is necessary and must come, one can look for some good that may come as this “Big Event” unfolds.

There are two choices that people can make. The one choice that is unavailable to us is to limp along with the status quo and prop up the system with more debt, inflation and lies. That won’t happen.

One of the two choices, and the one chosen so often by government in the past is that of rejecting the principles of liberty and resorting to even bigger and more authoritarian government. Some argue that giving dictatorial powers to the President, just as we have allowed him to run the American empire, is what we should do. That’s the great danger, and in this post-911 atmosphere, too many Americans are seeking safety over freedom. We have already lost too many of our personal liberties already. Real fear of economic collapse could prompt central planners to act to such a degree that the New Deal of the 30’s might look like Jefferson ’s Declaration of Independence.

The more the government is allowed to do in taking over and running the economy, the deeper the depression gets and the longer it lasts. That was the story of the 30s and the early 40s, and the same mistakes are likely to be made again if we do not wake up.

But the good news is that it need not be so bad if we do the right thing. I saw “Something Big” happening in the past 18 months on the campaign trail. I was encouraged that we are capable of waking up and doing the right thing. I have literally met thousands of high school and college kids who are quite willing to accept the challenge and responsibility of a free society and reject the cradle-to-grave welfare that is promised them by so many do-good politicians.

If more hear the message of liberty, more will join in this effort. The failure of our foreign policy, welfare system, and monetary policies and virtually all government solutions are so readily apparent, it doesn’t take that much convincing. But the positive message of how freedom works and why it’s possible is what is urgently needed.

One of the best parts of accepting self-reliance in a free society is that true personal satisfaction with one’s own life can be achieved. This doesn’t happen when the government assumes the role of guardian, parent or provider, because it eliminates a sense of pride. But the real problem is the government can’t provide the safety and economic security that it claims. The so called good that government claims it can deliver is always achieved at the expense of someone else’s freedom. It’s a failed system and the young people know it.

Restoring a free society doesn’t eliminate the need to get our house in order and to pay for the extravagant spending. But the pain would not be long-lasting if we did the right things, and best of all the empire would have to end for financial reasons. Our wars would stop, the attack on civil liberties would cease, and prosperity would return. The choices are clear: it shouldn’t be difficult, but the big event now unfolding gives us a great opportunity to reverse the tide and resume the truly great American Revolution started in 1776. Opportunity knocks in spite of the urgency and the dangers we face.

Let’s make “Something Big Is Happening” be the discovery that freedom works and is popular and the big economic and political event we’re witnessing is a blessing in disguise.

4)  MoneyTalk questions Can The Fed Inflation The Debt Away: The FED’s job for many decades have been to faciliate credit inflation. But can the FED monetize debt and still remain in control? Inflation, especially high inflation induced by monetized debt is not going to fix our problems. It is going to make it worse!  The economy is built with an assumption that the money supply will have certain amount of purchasing power. The FED in theory can keep printing money, punish the savers and creditors and keep the total value of money supply the same by increasing paper amount while reducing unit value. However, most of our money supply is credit. It is not printed money. FED printed 1.5 trillion and tripled the base money supply last year. But debt is to the tune of 50 to 300 trillion if you include unfunded liabilities such as social security, medicare. If FED prints too much, lenders will stop lending. Nobody in his right mind is going to hand out a long for 30 year mortgage. Nobody is going to buy long term treasuries. Long term lending will cease to exist. Credit markets will freeze. That is a credit deflation. To compensate for such credit deflation, FED will have to print much much more and completely erode the trust in the US dollar. That will make things worse. Not better. Having a job that pays you a billion dollars so that you may be able to pay your rent is not going to feel like a recovery. Without money, without borrowing power, nation will not be able to borrow and invest in any major project and we will become a third world country in a few decades if we go that route.

5) Dave Levine in Quantitative Easing is fancy new term for “printing money” writes:  Suddenly a new term “Quantitative easing” has been created and is on TV every day, but is “Quantitative easing” really something new? The proper economic term for QE is “monetizing the debt” and the more colloquial phrase is “printing money”.

There are a few reasons central banks don’t use the term “printing money”.
#1 – The central bank does not actually have to print money, they just create digital credit in a computer and give it to banks.
#2 – All central bankers learned in banking class 101 that printing money is bad for the currency and the economy that uses that currency.

There is one reason that central bankers don’t use the proper economic term “monetizing the debt”
#1 – All central bankers learned in banking class 101 that monetizing the debt is bad because it creates inflation which is bad for the economy and for the currency.

So if printing and monetizing is bad, why is the central bank doing it? They are doing it for the same reason that all governments who had a currency not based on gold have printed money for centuries. They have run out of money and don’t want to pay the price of default. It is much easier to steal from the productive people in society who trust the currency than to reform and restructure debt.

“Central banks” were separated from the government for the sole reason to prevent this recurring tendency of governments to ruin its economy by printing money and giving that money to itself or struggling friends.

(I add the struggling friends are the Investment Bankers, KCE, the too-big-to-fail banks, such as Bank of America, BAC, the Banks, KBE, the Mortgage Finance companies, KME, the Mortgage REITS, REM, those who manage intermediate bond funds, such as Goldman Sachs US Mortgages, GSUAX,  and the Community Banks, QABA, which have a large investment in mortgage back bonds, MBB.  Ben Bernanke announced QE 2, Wednesday November 3, 2010, and in the week ending November 5, 2010, the 30:10 US Sovereign Debt Yield Curve, steepened, to 1.628. The QE 2 cool aid caused a dramatic rise in value all of the financial firms mentioned above. )

Thus, central banks were given independence from government with a priority to keep the currency stable (ie. no printing allowed!)

The US central bank wants to print money but they can’t say “I want to print money”. Nor will intellectuals allow them to say “I plan to monetize the debt.” Instead they created a new term which makes it seem like they are doing something new that has a chance of working. We are told that all of our bad debts can be washed away with this new inventive process called QE!

Sorry . . . printing money has never worked and never will. And putting a fancy name like “quantitative easing” on it won’t increase its chances for success either

Keywords

europeaneconomicgovernance, economicgovernance, eueconomicgovernance.

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One Response to “Quantitative Easing 2 Is A Central Bank Coup”

  1. Kassandra Coron Says:

    Good article, Each and every point is good enough.Thanks for sharing with us your wisdom.

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