Tie The Money Together And Make Everybody Mediocre

You could be following the controversy surrounding the AZ immigration bill and wondering about the hundreds of thousands that will be marching this weekend, or you could be reading about Barry’s supposed affair with Vera Baker (how is that possible, she is a woman), but what you should be doing is paying attention to the head of the european central bank, Jean-Claude Trichet, who is pushing for global governance of finance all the way down to the local level while speaking to…wait for it…the Council on Foreign Relations. Talk about preaching to the choir.

Please take the time to watch the following video and listen to America get hammered by a central banker.  Also, do not have anxiety about listening, you are definitely smart enough to understand this criminal bankster as he speaks about controlling your lives.

ECB President Favors Global Governance

The President of the European Central Bank, Jean-Claude Trichet, told Forbes that global governance is extremely necessary if we want to prevent another financial crisis. In his prepared printed and spoken remarks to the Council on Foreign Relations, Trichet emphasized that politicians, economists, and financiers must work across the Atlantic and collaborate on methods to create an international set of standards. It is his belief that through global governance, the resiliency of the global financial system can be assured, noting that ultimately it was governments’ use of taxpayer’s money, equivalent to around 25% of GDP on both sides of the Atlantic, that prevented another catastrophic great depression from occurring. With the backdrop of a U.S. financial regulation bill being stuck in the Senate, he argued three main points in support of creating internationally agreed rules.

1) First, the principle of subsidiary is essential. No rule should be imposed at a global level or supranational level that cannot be more or equally effectively set at the national or local level.

2) Second, it’s not easy to create a complex set of rules in a complicated and often obscure field like finance, but that it is absolutely critical if we want to create stable financial markets.

3) Finally, global rules can be limiting from country-to-country, but that it is imperative now more than ever, because financial innovation has spiraled out of control in a negative way.

Additionally, he stressed that the financial emergencies created by investment banks and governments creates some contradictory issues.

“On the one hand it has unleashed a tendency to reengage in financial nationalism if not mercantilism; on the other hand it had contributed to the recognition that a very high degree of interdependencies between economies called for a much higher level of cooperation.”

In the end, Trichet believes it’s the financial sector’s responsibility to respond to economic challenges.

“While financial liberalization, deregulation, and innovation all have the potential to make our economies more productive and more resilient, the financial sector must not forget that its purpose is to serve the real economy, not the other way around.”

14 thoughts on “Tie The Money Together And Make Everybody Mediocre

  1. As always, Diamond, your facets are many and sparkling with rays of truth rarely seen in today’s world. Keep up the great work and thanks again for pulling the Big Picture out of the worm can of diversions provided on a daily basis by TPTB.

  2. By know we should all see the connections as to why the U.S. Taxpayer dollars went to “bailout” the Central Banks of England, Germany, France, and Spain. It is our economy that is at EXTREME risk, for they will always have the Capitalist system, and the U.S. taxpayers, to bail the European Central Banks. It is not all about finance.

    It is the printing press of the U.S. Federal Reserve, and the buying of U.S. Treasury Bonds by the Chinese & Japan that keep this money laundering scheme all afloat. Trichet is just the figurehead of these Central Banking wizards of manipulation, and deceit. He says that “financial innovation has spiraled out of control in a negative way”. How can that be… They have had control of that financial “innovation”.

    Our President FDR warned the U.S. saying that ” In politics, nothing happens by accident. If it happens, you can bet it was planned that way”. This is just more proof that that big Government has CREATED the problems. As Rahm Emanuel, Obama’s Chief of Staff, said “a crisis is an opportunity to do the things that we could not normally do”. Do you get the picture yet?

    It’s about the power and control by the statists, and the financial tyranny to come. They don’t need to solve a financial situation, they created by their outlandish spending. All they have to do is stop the government spending, and let the Capitalist system work without government interference (what government gives it can take away you know). By lowering the burden of interference it will allow people to keep more of what they earn and they will spend for themselves. The economies in the world, don’t need this global governance, they need to grow again creating self worth, and self wealth. This world financial governance will give the financiers the power to spend, not you. The power to take more from you. You will be their slaves. You will have their “mark” of the beast.

    The other part of all this “global governance” is that the U.S. Constitution LIMITS the power of Government. Trichet and his cabal of world money elitists, only want to do away with our U.S. limits on government. No other government has these limits. They choose to do it by way of these financial measures and “rules” which endanger our Liberty to choose and reduces those freedoms to the point of obscurity. That is the danger to the economies of the world. It’s about them, not you.

    The citizens have been led into these financial disasters because of the power, and deception by the Central Bankers. Add to this the money given to the IMF and it all makes sense. The international PLAN is out in the open because all citizens, in every industrialized nation, have been sucked into their money laundering scheme that “only government can solve the problems”. Rubbish!

    The U.S. economy got in trouble by our own Democratic leadership who refused to “oversee” their Congressional responsibilities. Presidents of both parties, who have created opportunities to expand their control over those who produce the economic well being, the small businesses.

    So now it’s all tied together by way of the Central Bankers like Trichet who say “global governance is extremely necessary if we want to prevent another financial crisis”. This is the same line that FDR used after the Great Depression to siphon money into an expanded government, and it hindered the U.S. economy back into health. Now this line is being played on the world economy? Where is the world individual’s sovereign Liberty in all this? Gone.

    Trichet and his cabal want you to call on the thieves, dressed in police uniforms, to stop a robbery. The robbery of the smallest minority of all…the individual. The statist elite think we are too stupid to see the plan for our own enslavement to them, are “We the people” of the world, and the U.S. that stupid?
    How soon will it be before they control the Internet, and the Liberty to write against their tyranny?
    Socialism fails when it runs out of other peoples money!

  3. Um, excuse me? Anybody surprised that within 8 hours of putting this post up, my server was hacked again and my site is going sideways – yet again? Anybody, anybody?

    If you folks stop coming by the Monster to read about the banksters – they win.

  4. IDEA………………………….

    let’s all get together and SEND more “MODERATES” “RINOS”
    elected leaders with ZERO political courage.. ZERO desire to represent the LEGAL CITIZENS of this country… !…

    why do we blame everyone EXCEPT THE idiots who keep electing the folks who are ruling against us on every issue…

    Take it to the streets or put duct tape over your mouth for
    the next 50 years…..

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