Georgi Stankov, January 17, 2015
The key source of fraudulence of the current Orion monetary system is the existence of global Central banks (CB), which are allowed to manipulate the money of the people at their discretion – e.g. by printing trillions of dollars, euros and yens out of thin air – according to the hidden dark agenda of the private banksters and thus destroy many national economies without being made responsible to the people.
The Fed is a private banksters’ bank and the ECB is, albeit superficially a supranational cartel institution, in fact fully controlled by the criminal Orion faction of the Bilderbergers and other Rothschild Reptilians. Mario “Drago”, the Italian Reptilo-Mafioso and CEO of ECB, is only a Vatican stooge of these rogue banksters and darkest entities on this planet, together with “helcopter Ben” from the Fed and the Orion Co from Wall Street of financial atrocities.
Global Central banks’ reputation has always been on borrowed linear time. ALL of the so called, “economic recovery” in the still ongoing and rapidly deepening 2008-depression has been based on the Central Banks’ fraudulent practice to contain the collapse by printing unlimited amounts of money in form of “quantitative easing” (QE).
The first round of interventions QE1 and QE2 (2007-early 2009) was performed in the name of mending the many burst bubbles of the financial system – subprime mortgage crisis, derivative crisis, stock exchange crash, corporate defaults such as the entire US car industry in Detroit, etc. The second round (2010-2012) was done because it was generally believed that the first round had not completed the task of getting the world back to recovery, contrary to opposite claims of Bombama from the not so White House and the Ape Cameron from the Dawning (Street) Collapse of the British-Orion Empire.
However, from 2012 onward, everything changed. At that point the Central Banks went “all in” on the Keynesian lunacy of counter-cyclic monetary intervention in the real economy that they had been employing for decades and excessively since 2008, first and foremost to bail out the “too-big-to-fail” US banks by filling in the empty bank reserves with tax money, while constantly increasing the fractional banking leverage from 20 to 1 before the crisis to 50 and even 100 to 1 after 2008. We no longer had QE plans with definitive deadlines. Instead phrases like “open-ended” and doing “whatever it takes” began to emanate from Central Banksters’ mouths, including the recent decision of Congress to “bail in” the 200 trillions derivative bubble of the “too big to fail” Orion banks with tax money.
The insanity of the CB and their stooges in the legislative in all Western capitals had no limits. It is one thing to bluff your way through the weakest recovery in 80+ years with empty promises; but it’s another thing entirely to roll the dice on your entire country’s solvency just to see what happens. The US debt skyrocketed from about 10 trillion in early 2009 to more than 18 trillion under Bombama in less than six years during the current depression, mainly to bail out the too big to fail banks.
In 2013, the Bank of Japan launched a single QE program equal to 25% of Japan’s GDP, that raised the Japanese national debt to the astronomic sum of 300% to GDP. This was unheard of in the history of the world. Never before had a country spent so much money relative to its size so rapidly… and with so little results: a few quarters of increased economic growth, while household spending collapsed and misery rose alongside inflation, after almost three decades of deflation and stagnation since the Japanese real estate bubble burst in the late 80s.
This was the beginning of the end. Japan nearly broke its bond market launching this program (the circuit breakers tripped multiple times in that first week). However, it was not until late 2014 that things truly became completely and utterly broken.
I have in mind the Bank of Japan’s decision to increase its already far too big QE program one more time, not because doing so would benefit the country, but because it would bring economists’ forecast inline with governor Kuroda’s intended inflation numbers.
This was the “Rubicon” moment: the instant, at which Central Banks gave up pretending that their actions or policies were aimed at anything resembling public good or stability. It was now about forcing reality to match Central Bankers’ weird theories and forecasts. If reality did not react as intended, it was not only because the theories were misguided (read here) but because Central Banksters simply had not left the paperweight on the “print” button long enough.
At this point the current financial system was irrevocably broken. Mankind simply had not realized it yet.
That is, until, last week, when the Swiss National Bank lost control, breaking a promise, and a currency peg, losing an amount of money equal to somewhere between 10% and 15% of Swiss GDP in a single day, and showing, once and for all, that there are problems so big that even the ability to print money can not fix them.
Please let this sink in: a Central bank lost control last week. This will not be a one-off event. With the Fed and other Central banks now leveraged well above 50-to-1, even those financial institutions that were backstopping an insolvent financial system are themselves insolvent.
The Big Crisis, the one in which entire countries go bust, has begun. It will not unfold in a matter of weeks, make no mistake about this; it will happen all of a sudden with a shutdown of all Western banks due to acute illiquidity after the CB have given up on printing money.
It has begun.