The Financial Endgame Slowly Plays Out

[katty]

The Financial Endgame Slowly Plays Out - and then...

by Nigel Maund
May 27, 2005
http://www.safehaven.com/article-3134.htm
This article first appeared on www.clivemaund.com

In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

... the Sudden Systemic Implosion which will usher in the Brave New World

"Capitalism requires people to be quiet souls in the workplace and wild pagans at the cash register" - Ron Chernow, 1949, US Journalist

Amongst the growing plethora of warnings, some erudite some emotional, Mr. Paul Volcker's commentary in the Washington Post entitled, "The Economy on Thin Ice", of April 10th, has to be taken very seriously, given the former's position as Chairman of the Fed from 1979 to 1987, when he was succeeded by Alan Greenspan. Volcker was forced into making very tough economic decisions in 1980, which he did by raising interest rates sharply to cool a vastly overheated market. Volcker acted as the Fed Chairman should, responsibly, and, therefore, like few other market commentators has immense "gravitas" when he flags up major economic issues as he has done. However, the magnitude of the present Fed Chairman's problems are on a hitherto unimaginable scale. No country, or central bank, has ever attempted an exercise in FIAT money creation of such truly breathtaking proportions before. Moreover, no exercise in FIAT money creation has ever successfully worked over the long-term in any nation where it has been attempted. Before the post WW2 acceptance of the US dollar as a proxy global currency, no country has had the unique opportunity to try such an exercise out on a global scale. Dr Greenspan knows this. So, you may well ask, what on earth is he up to?.... and, equally importantly, why is it being done?

It is easy to caste Dr Greenspan as the befuddled "Mr McGoo" leading America to economic and financial ruin. However, such a denigration of this man's abilities is entirely misleading and dangerously erroneous. The Fed has some of the finest financial and economic brains on the planet. Therefore, the more acceptable answer as to why the (digital) US$ money base has been exploded on an astronomic scale has to centre on it being a part of a globally based economic and political strategy. The fact that this strategy has not been spelled out to "the world at large" implies a hidden agenda, and, furthermore, a conspiracy. Whilst "the conspiracy theory of history" is mocked by the media as the realm of scaremongers, the ignorant and the naïve, anyone who has merely studied the history of Britain's Kings and Queens, over the last 1,000 years, will readily see that conspiracies were very much part of court life, national government and Britain's international policy. Nothing has changed. Indeed, with the advent of widespread literacy, modern media and information technology, the obfuscation of, and power to corrupt facts has been raised to a new and more sophisticated plane.

continue at...http://www.fromthewilderness.com/free/ww3/053105_world_stories.shtml

[EVDebs]

1. Brains ? I thought they said trains !