TAG Team 2: CBC shows how Central Bankers abet crime

What happens when you let Central Bankers, bankers

with access to a massive printing machine, go to town

one money supply and regulation, when there's no
political oversight.

Nobody even consults a government to see if the
M1, M2 sh*t that they're pulling is legal, fundable
or in the interest of any country.

Result: Chaos in a three-piece suit

It all happens in Basel. I don't know why nobody
called "BULLSHIT" on Mark Carney.

What the Basel gang does is :

going behind the backs of government

while getting them further in debt 

to pay for past and future banking crimes

so, basically it's "F$%^&k democracy time."

when people start to complain that 

their government and private 

pensions have disappeared,

Mark Carney, Central Banker says

"people get the government 

that they deserve"

OBVIOUSLY

we've all got a government

that is de facto ruled by bankers

and that's supposedly the 

fault of the voters.

BULLSH*T!

Did any of them, bankers

or politicians ask us if we 

wanted a bankocracy?

Oh, ya, that happened last
week while you were working
70 hours at minimum wage
to pay off your student loan.
There was a plebiscite down
at the pub.
fat F%^&&kin' chance

Checkit:  Cbc

Neil Macdonald: The 'monarchs of money' and the war on savers

Power Shift: First in a series on the rise of the central bankers and the global imposition of cheap credit

By Neil Macdonald, CBC News

Posted: Apr 29, 2013 5:03 AM ET

Quietly, without much public fuss or discussion, a new ruling class has risen in the richer nations.

These men and women are unelected and tend to shun the publicity hogged by the politicians with whom they co-exist.

They are the world's central bankers. Every six weeks or so, they gather in Basel, Switzerland, for secret discussions and, to an extent at least, they act in concert.

Watch Neil Macdonald's full documentary The Monarchs of Money tonight on The National at 10 p.m. /10:30 NT

The decisions that emerge from those meetings affect the entire world. And yet the broad public has a dim understanding, if any, of the job they do.

In fact, these individuals now wield at least as much influence over the lives of ordinary citizens as prime ministers and presidents.

    Who are the world's central bankers?

The tool they have used to change the world so profoundly is one they alone possess: creating money out of thin air.

There is an economic term for this: quantitative easing. More colloquially, it's called printing money.

… When the record of the 2008 global financial catastrophe is fully written — that story remains a work in progress — the world's central bankers will emerge either as heroes, or as the people who administered a cure that turned out to be as bad as the disease.

… One is that no one really understands the consequences of pumping such vast amounts of money into the world economy. It's already distorted the prices of certain assets, and some fear hyperinflation or market crashes are inevitable (the subject of tomorrow's column).

The other is that it's caused a massive shift in wealth, from savers to borrowers, and is taking money out of the pockets of almost everyone approaching or at retirement age.

… British pensioners Judy White and her husband Alan, at their home in Teddington, south of London: 'I now have 50 per cent less. 'British pensioners Judy White and her husband Alan, at their home in Teddington, south of London: 'I now have 50 per cent less.' (CBC )

The policy has savaged pension and savings returns worldwide, but particularly in Britain, a nation of savers and pensioners.

There is more money in British pension funds than in the rest of Europe combined, and now that money is just sitting, "dead," as some call it, not working for its owners.

Ask Judy White, a retiree in her late 60s who lives in Teddington, south of London, with her husband, Alan.

… But surely he understands the anger of an older person watching their savings being eroded, I ask him.

Carney smiles grimly. That question is clearly a sore point. He gets a lot of mail on the topic.

Canadians, he says, must understand that the alternative is massive unemployment and thousands of businesses going under, and "my experience with Canadians is that they tend to think about their neighbours and their children and more broadly … they care a little bit more than just about themselves."

Asked whether central bankers are not in fact enabling irresponsible behaviour by speculators enamoured of cheap money, not to mention politicians who can't curb their borrowing and spending, Carney merely remarks that voters in a democracy get the governments they choose.