How Central Banks Are Ruling the Financial World !
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- At the heart of the power of the western Illuminati is their global central banking, fiat currency hegemony! With it they finance wars without end, manipulate asset prices, commodity prices, destroy nations, cause famine, wage economic war … etc. The centre piece of their currency hegemony is the world reserve currency: the petrodollar. People who thinks that the western Illuminati will give up their monetary hegemony to the Chinese Yuan are totally wrong!
– - This coming Satanic WW3 is largely about preserving their global currency hegemony. War with China and all challengers to the throne is inevitable! At the end of this Satanic WW3, the western Illuminati will launch their Luciferian New World Order, World Government, Global Supra-National Central Bank, One World Currency backed by gold –> ‘666’!
– - Central Banks: How They Are Ruling the Financial World !
by Jeff Cox, CNBC.com Staff Writer
It’s a central bankers’ world, and we’re all just living in it.
Entities such as the Federal Reserve and the European Central Bank in 2012 took control of global economies like never before. Based on current market and economic behavior it’s likely to be years before anything changes.
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After all, how can central banks take their foot off the stimulus pedal when there’s so much at stake? In all, 13 other central banks in the world have followed the Fed’s lead and set interest rates at or near zero in an effort to keep the liquidity spigots open and prop up their ailing economies. Those 14 economies represent a staggering $65 trillion in combined equity and bond market capitalizations, according to Bank of America Merrill Lynch.
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As for the bond-buying programs – aka quantitative easing – that dovetail with the low interest rates, the U.S. central bank alone shortly will eclipse $3 trillion on its balance sheet and is expected to end 2013 north of $4 trillion in electronically created money. …
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Globally, that figure is, well, a lot. “When you add up all the central banks in the world, it’s going to be over $9 trillion,” said Marc Doss, regional chief investment officer for Wells Fargo Private Bank. “That’s like creating the second-largest economy in the world out of thin air.”
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Indeed, central banking has become an economy unto itself, a multi-trillion-dollar empire that massages and manipulates markets, which respond to the slightest news out of the respective entities’ policy making committees. And if you’re looking for the off-ramp, a point at which the central banks let the free market to its own devices, don’t hold your breath.
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Fed Chairman Ben Bernanke and the central bank’s Open Markets Committee said Wednesday that rates will remain near zero at least until unemployment drops to 6.5 percent and inflation rises to 2.5 percent.
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