JP Koning — Another Fedcoin sighting

Comparison of blockchain to Fedwire.

Moneyness
Another Fedcoin sighting
JP Koning

Norbert Haering — ECB Bond buying as a hard-right bank centered political strategy

…If this sounds like a conspiracy theory for you, just consider what Hans-Werner Sinn, President of the IFO economic research institute, one of the politically better connected economists in Germany, let slip in a guest comment in “Handelsblatt” October 7, 2014 (in German) about the true rulers of Europe. He confides that in autumn 2011 Italian prime minister Silvio Berlusconi wanted to solve Italy’s economic problems by leaving the Euro and devaluating. “To that goal, he had already had some preliminary talks with other governments of the euro area. He had an agreement with the Greek prime minister Papandreou, who had wanted to make his people chose in a referendum between exit and a hard austerity policy”, Sinn informs us and continues: “Both had to step down in November 2011, almost at the same time”. He gives the following reason: “An exit was going against higher-ranking political interests, but also against the interest of the banking system.” 

Such wild “conspiracy theories” we are used to hear only from the fringes of politics – not from heads of economic think tanks! If the interests of the banking system are at stake (the interests of the “fifth power”, as the former head of Deutsche Bank, Rolf Breuer, or the former chief economist of the Bundesbank and the European Central Bank, Otmar Issing, named it) then the citizens of European countries have nothing to decide any more. In such cases, they are given a government which does what suits the “higher-ranking interests and the interest of the banking system”. Democracy takes a break. Everybody is invited to figure out for themselves what the “higher-ranking public interests” are and, above all, whose interests these are.

Real World Economic Review

ECB Bond buying as a hard-right bank centered political strategy
Norbert Haering

Read the whole post in the light of:

"The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank... sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world." — Carroll Quigley (1910-1977) | Professor of History at Georgetown University, member of the Council on Foreign Relations (CFR), mentor to Bill Clinton, in Tragedy and Hope, 1966


Carroll Quigley, Tragedy and Hope: A History of the World in Our Time (PDF)
Volumes 1-8
New York: The Macmillan Company, 1966