Thursday, February 16, 2017

😻Fed’s tutelage to cartelization of central banking — toward single monetary run by single world central bank. Such development is, or course, in interest of establishing single world government😻

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What Will Trump Do About the Central-Bank Cartel?

The US is by far the biggest economy in the world. Its financial markets — be it equity, bonds or derivatives markets — are the largest and most liquid. The Greenback is the most important transaction currency. Many currencies in the world — be it the euro, the Chinese renminbi, the British pound or the Swiss franc — have actually been built upon the US dollar.

The world is effectively on a US-dollar-standard, and the US Federal Reserve (Fed) has risen to the unofficial status of the world’s central bank. The rise of the Greenback has to a large extent been propelled by international banking, which has basically “dollarized” in terms of its lending and issuing activities.

The Fed Sets Global Policy

The Fed’s policy not only determines credit and liquidity conditions in the US, but does so in many financial markets around the world as well. For instance, movements of long-term US interest rates regularly have effects on credit and equity markets in, say, Europe and Asia. The Fed’s actions are the blueprint for monetary policymaking in many countries around the world.

The graph shows the Fed’s supply of newly created US dollar liquidity sent to other central banks around the world. It also shows the so-called “euro cross currency basis swap,” which can be interpreted as a “stress indicator”: If it drops into negative territory, it means that euro banks find it increasingly difficult to obtain US dollar credit in the free market place. The Fed’s injection of new US dollar balances into the financial system has helped to reduce the euro currency basis swap. Since late 2016, however, it has started to venture again into negative territory — potentially signaling that euro banks are again heading for trouble.


The financial and economic crisis 2008/2009 has increased further the dependency of the world’s financial system on the US dollar. As early as December 2008, the Fed provided so called “liquidity swap agreements.” Under the latter the Fed is prepared to lend newly created US dollars to other central banks around the globe.

For instance, the European Central Bank (ECB) can obtain US dollars from the Fed and lend the funds on to shaky domestic banks in need for US dollar funding. In other words: Liquidity swap agreements can easily replace foreign currency funding in the market place by foreign currency credit provided by central banks.

Meanwhile, all major central banks around the world — the European Central Bank, the Bank of Japan, the Chinese central bank, the Bank of England, and the Swiss National Bank — have joined the liquidity swap agreement club. They also have agreed to provide their own currencies to all other central banks — in actually unlimited amounts if needed.

It is no wonder, therefore, that credit default concerns in financial markets have declined substantially. Investors feel assured that big banks won’t default on their foreign currency liabilities — as such a credit event is considered politically undesirable, and central banks can simply avoid it by printing up new money.

Moving Toward a Worldwide Central Bank

The close cooperation and coordination among central banks under the Fed’s tutelage amounts to an international cartelization of central banking — paving the way toward a single world monetary policy run by a yet to be determined single world central bank. Such a development is, or course, in the very interest of those in favor of establishing a single world government.

How will President Donald J. Trump and his administration deal with the cartelization in central banking? Mr. Trump doesn’t seem to be an “internationalist,” seeking to build a new world order by political and military means. If that is so, he will sooner or later have to come to grips with the Fed’s policies — most notably with its liquidity swap agreements.

The Fed’s policy has made the world’s financial system addicted to ever greater amounts of US dollars, easily accessible and provided at fairly low interest rates. From this the US banks benefit greatly, while average Americans bear the brunt: they pay the price in terms of, for instance, boom and bust and an erosion of the purchasing power of the US dollar.

What Trump Should Do

If the Trump administration really wishes to live up to its campaign promise “Make America great again,” there is no way of getting around addressing Fed policy. A first step in that direction is the idea to subject the US central bank to public scrutiny (“Audit the Fed”), bringing to public attention the scope of the Fed’s interventions into the world’s banking system.

Of course, the liquidity swap agreements in particular can be expected to be heavily defended by central bankers, bank representatives, big business lobbyists, and mainstream economists as being indispensable for financial system stability. And for sure, a sudden withdrawal from this practice would almost certainly deal a heavy blow to financial markets.

If push comes to shove, it could even make the worldwide credit pyramid, built on fiat money, come crashing down. However, the really important argument in this context is that the continuation of the practice of central bank cartelization will eventually result in a despotic regime: and that is a single world fiat currency regime.

Of course, change for the better doesn’t come from politics. It comes from better ideas. For it is ideas that determine human action. Whatever these ideas are and wherever they come from: They make humans act. For this reason the great Austrian economist Ludwig von Mises (1881 – 1973) advocates the idea of the “sound money principle”:

The sound-money principle has two aspects. It is affirmative in approving the market's choice of a commonly used medium of exchange. It is negative in obstructing the government's propensity to meddle with the currency system.1
Mises also explains convincingly the importance of the sound money principle for each and every one of us:

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of right.
Mises’s sound money principle calls for ending central banking once and for all and opening up a free market in money. Having brought to a halt political globalism for now, the new US administration has now also a once in a lifetime chance to make the world great again — simply by ending the state’s monopoly of money production.

If the US would move in that direction — ending legal tender laws and giving the freedom to the American people to use, say, gold, silver, or bitcoin as their preferred media of exchange — the rest of the world would most likely have to follow the example. That said, Mr. Trump could really make a real change, simply by embracing Mises’s sound money principle.

😢 No free boarding in Blaire House. Bibi! The Tightass wanted to be Israeli PM for Life. NO Embassy move to Jerusalem, NO Promise to Tame Iran. The impeachment just began😮

the-impeachment-just-began

Trump abandons the “two-state” formula for Israel

The Economist - ‎8 hours ago‎
The contrast to that scorn was rather striking as Mr Netanyahu arrived at the White House on February 15th for his first official visit to a White House run by Donald Trump. True, Mr Trump urged Israel to show some restraint, telling his guest at a ...
 

Donald Trump's abandonment of the two-state solution descended into dark comedy very quickly

The Independent - ‎9 hours ago‎
It was almost as funny to listen to the “experts” on US channels trying to summarise Donald Trump's ravings on the Middle East as it was to listen to his original gobbledegook at his press conference with Bibi Netanyahu. Unable to understand what the ...
 

Tel Aviv Diary: Can Bibi Get Trump to Change His Mind?

Newsweek - ‎Feb 14, 2017‎
Israeli Prime Minister Benjamin Netanyahu is now in Washington, DC, in advance of his scheduled meeting on Wednesday with President Donald Trump. His chief advisors have been in the Capitol since the end of last week, meeting with former National ...
 

The Trump-Bibi-Murdoch Love Triangle Puts Us All at Risk

The Nation. - ‎Feb 14, 2017‎
Though they hail from different ethnic and economic backgrounds, Bibi Netanyahu and Donald Trump are, politically speaking, brothers-in-arms. Each serves as the titular head of a government out of his control, held hostage by far-right forces that care ...
 

Daily Trump Tracker: When Donald met Bibi

Macleans.ca - ‎22 hours ago‎
U.S. President Donald Trump, right, looks towards Benjamin Netanyahu, Israel's prime minister, during a news conference in the East Room of the White House in Washington, D.C., U.S., on Wednesday, Feb. 15, 2017. Netanyahu is trying to recalibrate ties ...
 

Trump to Netanyahu 'I'd Like to See You Hold Back on Settlements a Little Bit'

NBCNews.com - ‎Feb 15, 2017‎
President Donald Trump said he would support the peace agreement Israel and Palestinians "like the best" in a joint press conference during which Israeli Prime Minister Benjamin Netanyahu railed against Palestinian efforts to reach a deal. "I'm looking ...
 

Trump, Meeting With Netanyahu, Backs Away From Palestinian State

New York Times - ‎14 hours ago‎
WASHINGTON — President Trump jettisoned two decades of diplomatic orthodoxy on Wednesday by declaring that the United States would no longer insist on the creation of a Palestinian state as part of a peace accord between Israel and the Palestinians.
 

Bibi's 'psychotic territory' luring ill Trump into war with Iran

Press TV - ‎17 hours ago‎
Kevin Barrett made the comments in an interview with Press TV on Wednesday about Trump's anti-Iran remarks following a meeting with Israeli Prime Minister Benjamin Netanyahu. At a joint press conference with BibiTrump vowed to “prevent Iran from ever ...
 

TrumpBibi seek new approaches

Intermountain Jewish News - ‎2 hours ago‎
WASHINGTON — Meeting with President Donald Trump, Israeli Prime Minister Benjamin Netanyahu called for a “regional approach” to making peace with the Palestinians and other Arab countries in the Middle East. At a White House news conference ...
 

Netanyahu butters up Trump

Politico - ‎Feb 15, 2017‎
“I'm very happy with the one that both parties like,” Trump continued. “I can live with either one. I thought for a while the two-state looked like it may be the easier of the two. But honestly, if Bibi, and if the Palestinians, if Israel and the ...
 

Trump touts prospects for 'great' Mideast peace deal, prods Netanyahu on settlements

Fox News - ‎Feb 15, 2017‎
Bibi and I have known each other a long time … and I think we're going to make a deal,” Trump said. After Trump joked about Netanyahu's apparent skepticism, the Israeli leader quipped: “That's the art of the deal.” Trump said in his opening remarks ...
 

What Trump's two-state solution rollback means

CNN - ‎3 hours ago‎
"I thought for a while the two-state looked like it may be the easier of the two but honestly, if Bibi and if the Palestinians -- if Israel and the Palestinians are happy, I'm happy with the one they like the best," he said, referring to Netanyahu by ...
 

Netanyahu Came to Washington to Hear One Thing

Slate Magazine - ‎21 hours ago‎
U.S. President Donald Trump (R) and Israel Prime Minister Benjamin Netanyahu (L) Israel Prime Minister Benjamin Netanyahu and President Donald Trump during a joint news conference in the East Room of the White House on Wednesday in Washington.
 

Trump Says Palestinian Statehood Isn't Necessary for Peace. Netanyahu Calls Him the Greatest.

The Intercept - ‎Feb 15, 2017‎
I thought for a while that two state looked like it may be the easier of the two, but honestly if Bibi and if the Palestinians, if Israel and the Palestinians are happy, I'm happy with the one they like the best.” The two-state solution traditionally ...
 

Trump steps back from US commitment to two-state Israeli-Palestinian solution

Washington Post - ‎Feb 15, 2017‎
Bibi and I have known each other a long time,” Trump continued, using the Israeli leader's nickname. “Smart man. Great negotiator. And I think we're going to make a deal. It might be a bigger and better deal than people in this room even understand ...
 

Trump has awkward moment with Netanyahu's wife

New York Post - ‎Feb 15, 2017‎
But as “Bibi” elegantly pecked the First Lady on either cheek, Trump kept Netanyahu's wife, Sara, at arm's length — giving her the kind of straight-arm handshake one might expect from one's insurance broker. Moments later, as Netanyahu stepped back ...
 

'Whatever': Trump's not-bad Rx for Mideast peace

New York Post - ‎20 hours ago‎
While Bibi was routinely called upon to take political risks for the sake of peace, no similar demand was made to Palestinian Authority President Mahmoud Abbas, whose political weakness made officials nervous about pushing him too far. He couldn't ...
 

Trump tells Netanyahu he wants to make a Middle East peace deal - but Israel needs to hold back 'a little bit' on ...

Daily Mail - ‎Feb 15, 2017‎
At a White House press conference, Trump said he believes that he and Benjamin Netanyahu can make a Middle East peace deal, emphasizing the the length of their relationship compared to predecessors who failed at the diplomatic process. But Trump said ...
 

Transcript And Analysis: Trump And Netanyahu Hold Joint Press Conference

NPR - ‎Feb 15, 2017‎
President Trump is hosting Israeli Prime Minister Benjamin Netanyahu at the White House on Wednesday. The two held a joint press conference amid differing messages emanating from the Trump administration about its stance on the two-state solution in ...
 

Did Trump just dump the two-state solution?

Vox - ‎5 hours ago‎
On Wednesday, Donald Trump backed away from the policy with little more than a shrug. President Bill Clinton was the first US president to officially endorse the policy of a two-state solution, just before leaving office in 2001, though the idea had ...
 

Krauthammer's Take: Trump Calling for No New Settlements Is 'Doing Netanyahu a Favor'

National Review - ‎19 hours ago‎
For Bibi and for the Israelis it was an unbelievably successful event. I thought Bibi was going to break into song at one point. First of all, the two-state solution is no longer the Holy Grail. It is the most likely, it is still the most supported ...
 

Bibi Netanyahu needed just ONE line to perfectly demonstrate foreign diplomacy at presser with Trump

Conservative Review - ‎Feb 15, 2017‎
Answering questions during Wednesday's joint-press conference, President Trump reasserted his position that he would like to see Israel “hold back on settlements” in pursuit of a peace deal between Israel and the Palestinian authority. “As far as ...
 

Trump directly tells Netanyahu to 'hold off on settlements for a bit' in Israel

Business Insider - ‎Feb 15, 2017‎
"But Bibi and I have known each other a long time — smart man, great negotiator — and I think we're going to make a deal," he continued, using a nickname for Netanyahu. "It might be a bigger and better deal than people in this room even understand.".
 

Israel's Bibi wanted Obama gone, but he's testing Trump | Opinion

Sun Sentinel - ‎Feb 14, 2017‎
When you cause Donald Trump to sound like Barack Obama, you might want to reconsider your approach. The only democracy in the Middle East looked much less than that last week, when the Israeli Knesset approved legislation to retroactively legalize ...
 

'Doesn't sound too optimistic': Watch Trump and Netanyahu's awkward exchange over West Bank settlements

Business Insider - ‎Feb 15, 2017‎
[TRUMP] As far as settlements, I'd like to see you hold back on settlements for a little bit? We'll work something out, but I would like to see a deal be made. I think a deal will be made. Bibi and I have known each other a long time. A smart man ...
 

Trump Sidesteps Commitment to Two-State Solution After Meeting With Netanyahu

Newsweek - ‎Feb 15, 2017‎
Trump echoed Netanyahu's calls for Palestinians to recognize Israel as a Jewish state – something they have refused to do – and to halt incitement against Israelis. Trump Bibi President Donald Trump greets Israeli Prime Minister Benjamin Netanyahu ...
 

For some left-wing groups, Trump-Bibi meet-up is not top protest priority

The Times of Israel - ‎Feb 15, 2017‎
Although a wide swath of Jewish organizations have mobilized against Trump's executive order concerning immigration in the weeks since the president's inauguration, only a handful of groups planned to protest in front of the White House on Wednesday.
 

Trump-Netanyahu meeting couldn't come at better time

New York Post - ‎Feb 14, 2017‎
But no, the world won't come to an end if Trump announces plans to move the US embassy to certainly-not-occupied West Jerusalem. Nor will Donald and Bibi turn their backs on each other if the embassy stays put. “The real strategic agenda that Netanyahu ...
 

Trump greets Netanyahu with smiles, handshakes and a jolt or two

Reuters - ‎Feb 15, 2017‎
"Bibi and I have known each other a long time -- a smart man, great negotiator," said Trump, referring to the 67-year-old Israeli leader by his nickname. Netanyahu was equally effusive in response: "There is no greater supporter of the Jewish people ...
 

Trump says he 'can live with' either one- or two-state solution in Israel

ABC News - ‎Feb 15, 2017‎
I thought for a while the two-state looked like it may be the easier of the two, but honestly, if Bibi [Israeli Prime Minister Benjamin Netanyahu] and if the Palestinians, if Israel and the Palestinians are happy, I'm happy with the one they like the ...

😢 No free boarding in Blaire House. Bibi! The Tightass wanted to be Israeli PM for Life. NO Embassy move to Jerusalem, NO Promise to Tame Iran. The impeachment just began😮

😢 No free boarding in Blaire House. Bibi! The Tightass wanted to be Israeli PM for Life. NO Embassy move to Jerusalem, NO Promise to Tame Iran. The impeachment just began😮
 

😢 The Tightass wanted to be Israeli PM for Life. NO Embassy move to Jerusalem, NO Promise to tame Iran. The impeachment just began 😮


Thursday, February 9, 2017

☺Daily Mail & Daily Mirror Anal Floss: ISIS Puts $1 Million Bounty On Danish Student’s Head For Killing 100 ISIS Militants☺

😻 I featured this whore on October 18, 2014, Joanna Palani ain’t Danish. She’s Kurd and very much beheaded and dead then. Assholes! “Viewers Discretion Is Advised” 😻

☺Daily Mail & Daily Mirror Anal Floss: ISIS Puts $1 Million Bounty On Danish Student’s Head For Killing 100 ISIS Militants☺ 😻 I featured this whore on October 18, 2014, Joanna Palani ain’t Danish. She’s Kurd and very much beheaded and dead then. Assholes! “Viewers Discretion Is Advised” 😻
☺Daily Mail & Daily Mirror Anal Floss: ISIS Puts $1 Million Bounty On Danish Student’s Head For Killing 100 ISIS Militants☺ 😻 I featured this whore on October 18, 2014, Joanna Palani ain’t Danish. She’s Kurd and very much beheaded and dead then. Assholes! “Viewers Discretion Is Advised” 😻