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| Obama To Announce Another Central Bank | |
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| Tweet Topic Started: Jan 25 2011, 03:22 PM (434 Views) | |
| shure | Jan 25 2011, 03:22 PM Post #1 |
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Obama To Announce Another Central Bank January 25, 2011 http://www.gaspricenews.com/blog/obama-to-announce-another-central-bank/ As a candidate, Obama repeatedly called for a National Infrastructure Bank that could mobilize private capital on behalf of projects that contribute to economic efficiency. This point is going to be the center piece of his State of the Union Address Tonight. As we all know at this point, the Federal Reserve is anything but federal. It is a privately owned bank that controls all the currency in the United States of America, and to a lesser extent, the world. Central to the president’s plan is the creation of a permanent, national infrastructure bank that could leverage private capital for projects of regional and national significance. From a press release in September last year: http://www.whitehouse.gov/sites/default/files/fact_sheet_infrastructure_9-8-10.pdf The President proposes to fund a permanent infrastructure bank. This bank would leverage private and state and local capital to invest in projects that are most critical to our economic progress. This marks an important departure from the federal government’s traditional way of spending on infrastructure through earmarks and formula-based grants that are allocated more by geography and politics than demonstrated value. Instead, the Bank will base its investment decisions on clear analytical measures of performance, competing projects against each other to determine which will produce the greatest return for American taxpayers The question is, why do we need another central bank when we already have the Federal Reserve and why is Obama putting so much emphasis on this? More importantly, why are those who currently run the Federal Reserve and profit immensely from it, not criticizing this decision as they are expected to? Deception and Deflection The Answer is simple. This proposed bank isn’t in anyway separate or distinct from the Federal Reserve and is a more of an extension. The creation of this bank is a way to deflect the increasing heat away from the Federal Reserve and place pre-ordained and destructive economic policies and decisions on this newly created bank. As Ron Paul prepares for his ruthless oversight of the Federal Reserve and an eventual audit of the Federal Reserve – the first ever, the monetary leaders of the world are putting into effect contingency plans and that is exactly what this National Infrastructure Bank is. Of course the Federal Reserve will still be tasked with printing and distributing United States currency, and will still play a huge role in United States economics, but many of the country’s future economic decisions will be based out of this new central bank that will be announced tonight. Preparations for New Federal Reserve OversightBen Bernanke and his silent partners behind him know that the impending reforms that Ron Paul is expected to enact over the Fed could greatly disrupt their business. What they have prepared, and what will be announced tonight, is a bank that will operate under the guise to help facilitate and implement a much needed build up of United States infrastructure to compete with quickly advancing countries like China. This sounds much like what Woodrow Wilson told us the purpose of the Federal Reserve was during the peak of the United States industrial revolution. What we will see however, is a proxy bank used as a way for corrosive but, immediately profitable economic decisions to be made seemingly separate from a harsher controlled Federal Reserve. It isn’t difficult to understand what the evolution and true purpose of this new national bank will be. Motives Much More Transparent to ChinaToday we had the announcement that the Industrial and Commercial Bank of China Ltd (ICBC) plans the first Chinese purchase of a United States bank. What we are seeing is an economic scenario that was constructed and decided during President Hu Jintao’s recent visit to the United States. It is an economic scenario along the lines of “if we can’t beat China, get them to join us”. In order to dissolve the previous economic tension between the United States and China Obama and Hu Jintao decided to consolidate, into one, the two economic leaders in the world. Such was agreed by leaders of both countries that they had more to gain by working together than working separately and against each other. The beginning of this economic power consolidation came in the form of China announcing that their central bank would purchase and acquire 13 U.S banks – 10 branches in California and three in New York. There is no doubt that growing influence from China will be seen in the United States in the future. However, the influence will not extend as far as creating jobs here as it is much more profitable to the corporations to continue outsourcing of their jobs to the more labor law lenient China. What we are sure to see from these coming economic changes – of another central bank and more Chinese economic presence – will be the same but more a more potent form of same United States economic feudalism – less for the proletariat and more for the kings. |
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| shure | Jan 25 2011, 03:23 PM Post #2 |
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Administrator
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I guess we will find out tonight! |
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7:52 PM Jul 10