Guess How Many Nations In The World Do Not Have A Central Bank?

Michael Snyder
Economic Collapse
June 9, 2015

Central banking has truly taken over the entire planet.

At this point, the only major nation on the globe that does not have a central bank is North Korea.

Yes, there are some small island countries such as the Federated States of Micronesia that do not have a central bank, but even if you count them, more than 99.9% of the population of the world still lives in a country that has a central bank.  So how has this happened?  How have we gotten the entire planet to agree that central banking is the best system?  Did the people of the world willingly choose this?  Of course not.  To my knowledge, there has never been a single vote where the people of a nation have willingly chosen to establish a central bank.  Instead, what has happened is that central banks have been imposed on all of us.  All over the world, people have been told that monetary issues are “too important” to be subject to politics, and that the only solution is to have a group of unelected, unaccountable bankers control those things for us.

So precisely what does a central bank do?

You would be surprised at how few people can actually answer that question accurately.  The following is how Wikipedia describes what a central bank does…

A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state’s legal tender. Examples include the European Central Bank (ECB), the Bank of England, the Federal Reserve of the United States and the People’s Bank of China.

In the United States, we are told that we have a free market system.  But in a true free market system, market forces would determine what interest rates are.  We wouldn’t need anyone to “set interest rates” for us.

And why have we given a private banking cartel (the Federal Reserve) the authority to create and manage our money supply?  The U.S. Constitution specifically delegates that authority to Congress.

It is not as if we actually need the Federal Reserve.  In fact, the greatest period of economic growth in U.S. history happened during the decades before the Federal Reserve was created.

Unfortunately, a little over 100 years ago our leaders decided that it would be best to turn over our financial future to a newly created private banking cartel that was designed by very powerful Wall Street interests.  Since that time, the value of our currency has diminished by more than 96 percent and our national debt has gottenmore than 5000 times larger.

But despite all of the problems, the vast majority of Democrats and the vast majority of Republicans are not even willing to consider slightly curtailing the immense power of the Federal Reserve.  And the idea of getting rid of the Fed altogether is tantamount to blasphemy to most of our politicians.

Of course the same thing is true all over the planet.  Central banks are truly “the untouchables” of the modern world.  Even though everybody can see what they are doing, there has not been a single successful political movement anywhere on the globe (that I know about) to shut a central bank down.

Instead, in recent years we have just seen the reach of central banking just continue to expand.

For example, just look at what has happened to some of the countries that were not considered to be “integrated” into the “global community”…

-In 2001, the United States invaded Afghanistan.  In 2003, Da Afghanistan Bank (who picked that name?) was established by presidential decree.  You can find the official website of the bank right here.  Now Afghanistan has a modern central bank just like the rest of us.

-In 2003, the United States invaded Iraq.  In early 2004, the Central Bank of Iraq was established to manage the Iraqi currency and integrate Iraq into the global financial system.  The following comes from the official website of the Central Bank of Iraq…

Following the deposition of Saddam Hussein in the 2003 invasion of Iraq, the Iraqi Governing Council and the Office for Reconstruction and Humanitarian Assistance began printing more Saddam dinar notes as a stopgap measure to maintain the money supply until new currency could be introduced.

The Banking Law was issued September 19, 2003. The law brings Iraq’s legal framework for banking in line with international standards, and seeks to promote confidence in the banking system by establishing a safe, sound, competitive and accessible banking system.

Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed using modern anti-forgery techniques, to “create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives. Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.

The Central Bank of Iraq (Arabic: البنك المركزي العراقي) was established as Iraq’s independent central bank by the Central Bank of Iraq Law of March 6, 2004

-In 2011, the United States bombed the living daylights out of Libya.  Before Muammar Gaddafi was even overthrown, the U.S. helped the rebels establish a new Central Bank of Libya and form a new national oil company.

Central banks are specifically designed to trap nations in debt spirals from which they can never possibly escape.  Today, the debt to GDP ratio for the entire planet is up to an all-time high record of 286 percent.  Humanity is being enslaved by a perpetual debt machine, but most people are not even aware that it is happening.

It is time for an awakening.  We need to educate as many people as possible about why we need to get rid of the central banks.  For those living in the United States, my previous article entitled “On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever” is a good place to start.  In other countries, we need people to write similar articles about their own central banks in their own languages.

The global elite dominate us because we allow them to dominate us.  Their debt-based system greatly enriches them while it enslaves the remainder of the planet.  We need to expose their evil system and the dark agenda behind it while we still have time.

This article was posted: Tuesday, June 9, 2015 at 5:17 am

Bankers and Big Business Bosses to Dominate Secretive Bilderberg Talks

 

Bankers, politicians and leaders of huge global businesses are set to meet in the annual Bilderberg conference in Austria this week, during which the rich and the powerful discuss global issues in secretive talks that influence global politics.

Former US Secretary of State Henry Kissinger is set to rub shoulders with ex-CIA Director David H. Petraeus, Dutch Prime Minister Mark Rutte, Belgian Prime Minister Charles Michel, former French Prime Minister Alan Juppé and Thomas Ahrenkiel, Director of the Danish Intelligence Service (DDIS) at the 63 Bilderberg conference, set to take place from 11-14 June in Telfs-Buchen, Austria.

The conference — surrounded by tight security — is notoriously secretive in its discussions and regularly attracts demonstrations against what critics describe as a global meeting of western capitalists, politicians and academics who wield great power behind the scenes. It is billed as "an annual meeting designed to foster dialogue between Europe and North America."

Bildeberg conferences are described as "private" and no minutes are taken, no report is written, no resolutions are proposed, no votes are made, and no policy statements are issued.  

Daniel Estulin, author of 'The True Story of the Bilderberg Group' describes the meetings as "a shadow world government…threaten(ing) to take away our right to direct our own destinies (by creating) a disturbing reality.

"Imagine a private club where presidents, prime ministers, international bankers and generals rub shoulders, where gracious royal chaperones ensure everyone gets along, and where the people running the wars, markets, and Europe (and America) say what they never dare say in public."

No-Fly Zone

Guests this year also include Google chairman Eric Schmidt; Paul M. Achleitner, Chairman of the Supervisory Board of Deutsche Bank; the Tyrolean property investor Rene Benko; Shell CEO Ben van Beurden; Thomas Enders, CEO, Airbus Group; Henri de Castries, the Chairman of the Euro Group; Austrian President Heinz Fischer; Siemens Austria CEO Wolfgang Hesoun; the CEO of Austrian oil and gas giant OMV, Gerhard Roiss; and Ryanair chairman Michael O'Leary.

Under discussion in Austria will be artificial intelligence, cybersecurity, chemical weapons threats, Greece, NATO and terrorism. Nobody representing Russia is on the guest list.

An elite anti-terrorism squad will be deployed under the command of Austria's Interior Ministry and around 2,100 police officers will be on duty throughout the conference. The main road from Telfs to the Interalpen Hotel will be closed and the area around the hotel will be a no-fly zone.

A large protest march is expected on the afternoon of June 13, starting in Telfs square and making its way through the town.  

Related: American Government Cannot Be Trusted to Tell the Truth

Tags:

terrorism, agenda, chemical weapons, artificial intelligence, cyber security, business, bank, corporations, dialogue, conference, Ryanair, OMV, Siemens, Airbus, Royal Dutch Shell, Deutsche Bank AG, Google, NATO, Eric Schmidt, Heinz Fischer, Charles Michel, Mark Rutte, David Petraeus, Henry Kissinger, North America, Europe, Austria

 

Global warming: so totally over that not even Bilderberg will touch it

JAMES DELINGPOLE
Breitbart
June 9, 2015

Even if you don’t happen to believe that Bilderberg is the sinister organisation that really rules the world, what cannot be denied is that its secretive quinquennial meetings do to tend to attract some pretty high-level insect overlords.

Here’s the participants list for their latest get together in Telfs-Buchen, Austria later this week. It includes everyone from the CEO of Royal Dutch Shell and the President of the Royal Bank of Canada to the German Minister of Defence to British Chancellor of the Exchequer George Osborne to retired General David Petraeus to none other than the Prime Minister of Belgium. Far more interesting than who’s in on the conspiracy, though, is what’s on the agenda. Or rather what’s not on the agenda.

Have a look at this list of urgent crises facing the world. And see if you can tell what’s missing:

The key topics for discussion this year include:

• Artificial Intelligence
• Cybersecurity
• Chemical Weapons Threats
• Current Economic Issues
• European Strategy
• Globalisation
• Greece
• Iran
• Middle East
• NATO
• Russia
• Terrorism
• United Kingdom
• USA
• US Elections

Well, what’s not there, for some bizarre reason, is the threat that President Obama and his Secretary of State and most of the rest of his administration have repeatedly been assuring us represents the single greatest problem in the world today.

Indeed, just a month ago, the President reiterated this vital and urgent message in his address to the Coast Guard Academy.

Climate change, and especially rising seas, is a threat to our homeland security, our economic infrastructure, the safety and health of the American people. Already, today, in Miami and Charleston, streets now flood at high tide. Along our coasts, thousands of miles of highways and roads, railways, energy facilities are all vulnerable. It’s estimated that a further increase in sea level of just one foot by the end of this century could cost our nation $200 billion.

Stupid, sinister, pesky Bilderberg. Didn’t anyone get the memo?

This article was posted: Tuesday, June 9, 2015 at 10:29 am

Obama lawyers asked secret court to ignore public court's decision on spying

Justice Department’s national security chief cites six-month transition period in the USA Freedom Act as a reason to turn the bulk surveillance spigot back on

President Barack Obama talks to the media about the USA Freedom Act at the White House last month. Photograph: Chip Somodevilla/Getty Images

Spencer Ackerman

Tuesday 9 June 2015 07.00 EDTLast modified on Tuesday 9 June 201509.06 EDTThe Obama administration has asked a secret surveillance court to ignore a federal court that found bulk surveillance illegal and to once again grant the National Security Agency the power to collect the phone records of millions of Americans for six months.

The legal request, filed nearly four hours after Barack Obama vowed to sign a new law banning precisely the bulk collection he asks the secret court to approve, also suggests that the administration may not necessarily comply with any potential court order demanding that the collection stop.

US officials confirmed last week that they would ask the Foreign Intelligence Surveillance court – better known as the Fisa court, a panel that meets in secret as a step in the surveillance process and thus far has only ever had the government argue before it – to turn the domestic bulk collection spigot back on.

Justice Department national security chief John A Carlin cited a six-month transition period provided in the USA Freedom Act – passed by the Senate last week to ban the bulk collection – as a reason to permit an “orderly transition” of the NSA’s domestic dragnet. Carlin did not address whether the transition clause of the Freedom Act still applies now that a congressional deadlock meant the program shut down on 31 May.

But Carlin asked the Fisa court to set aside a landmark declaration by the second circuit court of appeals. Decided on 7 May, the appeals court ruled that the government had erroneously interpreted the Patriot Act’s authorization of data collection as “relevant” to an ongoing investigation to permit bulk collection.

Carlin, in his filing, wrote that the Patriot Act provision remained “in effect” during the transition period.

“This court may certainly consider ACLU v Clapper as part of its evaluation of the government’s application, but second circuit rulings do not constitute controlling precedent for this court,” Carlin wrote in the 2 June application. Instead, the government asked the court to rely on its own body of once-secret precedent stretching back to 2006, which Carlin called “the better interpretation of the statute”.

The second circuit court of appeals is supposed to bind only the circuit’s lower courts. But the unique nature of the Fisa court – whose rulings practically never became public before whistleblower Edward Snowden’s revelations – has left ambiguous which public court precedents it is obliged to follow.

“While the Fisa court isn’t formally bound by the second circuit’s ruling, it will certainly have to grapple with the second circuit’s interpretation of the ‘relevance’ requirement. The [court] will also have to consider whether Congress effectively adopted the second circuit’s interpretation of the relevance requirement when it passed the USA Freedom Act,” said Jameel Jaffer, the deputy legal director of the ACLU, which brought the lawsuit the second circuit decided.

The second circuit did not issue an injunction stopping the bulk collection. It deferred to the then-ongoing congressional debate over the USA Freedom Act, citing legislation as the more appropriate mode of relief. The ACLU, now confronting a potential return of bulk surveillance via the Fisa court, is considering seeking an injunction in the appropriate federal district court should the Fisa Court grant the government surveillance request.

Yet Carlin’s request to the Fisa court suggested the Obama administration would not consider the second circuit the last word – and might seek to challenge the injunction.

Carlin told the Fisa court that the government was “considering its litigation options in regard to the second circuit’s opinion”, which would have to mean a challenge before the US supreme court.

Carlin added in a footnote: “In the event an injunction of some sort were to issue by the district court, the government would need to assess, in light of the nature and scope of whatever injunction the district court issued, its ability to carry out authority granted under an order issued by this court.”

But the Fisa court must first decide whether the new bulk-surveillance request is lawful.

On Friday, the conservative group FreedomWorks filed a rare motion before the Fisa court, asking it to reject the government’s surveillance request as a violation of the fourth amendment’s prohibition on unreasonable searches and seizures. Fisa court judge Michael Moseman gave the justice department until this coming Friday to respond – and explicitly barred the government from arguing that FreedomWorks lacks the standing to petition the secret court.

“The only federal appeals court to have considered this surveillance concluded, after very careful analysis, that it’s unlawful. It’s disturbing and disappointing that the government is proposing to continue it,” said Jaffer, of the ACLU.

TPP: The Unraveling Begins

TPP will hand huge corporations the power to change U.S. laws

Jon Bowne
Prison Planet.com
June 9, 2015

The Trans Pacific Partnership (TPP) trade package is beginning to unravel, with more prominent voices slamming President Obama and the republican leadership over the secretive deal that threatens to cost American jobs and hand big corporations new powers that would violate national sovereignty.

Critics of the TPP assert the trade deal will give huge corporations the power to change U.S. laws.

Physicians are rallying as they become increasingly concerned about the passage of TPP. Prescription drug costs could waylay the affordability of biologics and thousands of prescription drugs by drastically altering intellectual property protections. Under the TPP, corporations could sue countries for restricting their products due to legislation brought to fruition by government policies. The Investor State Dispute Settlement portion of the TPP gives the upper hand to the corporatocracy. Legislative bodies would only act as advisory boards to the ruling governments.

This article was posted: Tuesday, June 9, 2015 at 10:55 am

Austrian Federal Police Searching For Infowars Reporters

Cops visited reporters’ hotel, inquired about YouTube videos

Paul Joseph Watson
Prison Planet.com
June 9, 2015

Federal police in Austria are demanding to speak to Infowars reporter Rob Dew about YouTube videos which show police questioning Dew and cameraman Josh Owens near the site of the 2015 Bilderberg conference.

As we reported yesterday, Dew and Owens were stopped at a police checkpoint near their hotel and had their vehicle searched. Police later visited the pair at the hotel to interrogate them further.

Dew got a call earlier today from the hotel manager informing him that the federal police wanted to speak to Dew about videos that were uploaded to YouTube showing their encounters with police.

The manager also said that the police wanted to check Dew’s passport again. When Dew asked if the police that were looking for him were the ones parked nearby his hotel, the manager said they were from Austria’s equivalent of the FBI.

This suggests that the authorities looking for Dew could be from Cobra, Austria’s elite anti-terror unit that is providing security for Bilderberg 2015.

An unprecedented police operation is now in full swing surrounding the luxury Interalpen-Hotel Tyrol where the Bilderberg Group meeting begins on Thursday.

Check back later for further updates when Dew meets with federal authorities later today.

Infowars will be providing full coverage of Bilderberg 2015 throughout the week.

Facebook @ https://www.facebook.com/paul.j.watson.71
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*********************

Paul Joseph Watson is the editor at large of Infowars.com and Prison Planet.com.

This article was posted: Tuesday, June 9, 2015 at 11:02 am

Bilderberg 2015: The Real Agenda

Global elite’s secret plan revealed

Paul Joseph Watson
Prison Planet.com
June 9, 2015

Find out the global elite’s real agenda and what is being discussed at the secretive 2015 Bilderberg conference.

Facebook @ https://www.facebook.com/paul.j.watson.71
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*********************

Paul Joseph Watson is the editor at large of Infowars.com and Prison Planet.com.

This article was posted: Tuesday, June 9, 2015 at 2:02 pm

Flashback: Bilderberg Decides World’s Political, Economic Policies, Says NATO Secretary-General

Taxpayers are coughing up the millions spent on security for the Bilderberg Group they’re not allowed to know about

Kit Daniels
Prison Planet.com
June 9, 2015

Bilderberg attendees are mandated to implement the political and economic decisions made during the secretive meeting, former NATO Secretary-General and Bilderberg member Willy Claes admitted in 2010.

Credit: Alpine Luftbild / Wiki

Highlighting the Bilderberg Group’s undemocratic nature, Claes said that attendees are normally given around 10 minutes of talk time and then receive a summarization of what’s been discussed during the meeting and are expected to use it when setting policies in the political and economic spheres in which they have influence.

“The participants are then obviously considered to use this report in setting their policies in the environments in which they affect,” Claes stated in an interview with a Belgian radio station, which was first reported by Paul Joseph Watson.

Even more shocking, Claes added that Bilderberg attendees are not allowed to sit next to each other more than once at the meeting to ensure the maximum exchange of opinions.

“This represents a solid confirmation of what we already knew through witnessing Bilderberg’s leaked agenda later play out in the real world time after time – that the elitist organization does verbally set global policy in a completely undemocratic and illegal manner,” Watson wrote.

Yesterday the Austrian Federal Police had set up a Chernobyl-style exclusion zone to keep the public and reporters away from the Interalpen Hotel where the Bilderberg Group will begin its meeting on Thursday.

• A D V E R T I S E M E N T

At its peak, the exclusion zone extended at least 10 km (6.2 miles), and assuming it was a 10 km circle, the area was over three times the size of Manhattan.

The police later backed off, however, by moving their roadside checkpoints closer to the hotel, although still several miles away.

“The area around the meetings is put into complete lockdown,” Jon Stone with the Independent reported. “There is no need to rely on private security: national governments of host countries cooperate fully and provide police protection.”

Meaning that taxpayers are coughing up the millions spent on security for the Bilderberg Group they’re not allowed to know about even though the private meeting sets political and economic policies for their country.

If this isn’t tyranny, what is?

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@RealAlexJones | @KitDaniels1776

This article was posted: Tuesday, June 9, 2015 at 2:22 pm

Bilderberg To Discuss Capital Controls on Consumers While HSBC Pays $40 Million Money Laundering Fine

Do as we say, not as we do

Paul Joseph Watson
Prison Planet.com
June 9, 2015

The powerful Bilderberg Group will discuss imposing more capital controls on average citizens while HSBC, whose Group Chairman will attend the conference, is set to pay more than $40 million dollars for illegal money laundering involving arms dealers and helping the wealthy avoid taxes.

It’s very much a case of do as we say, not as we do.

Douglas Flint, Group Chairman of HSBC Holdings, will attend the elitist confab in Telfs-Buchen, Austria this week along with Stuart Levey, HSBC’s Chief Legal Officer and Rona Fairhead, an HSBC director and Chairwoman of the BBC Trust.

The transnational bank was just ordered by Geneva authorities to pay 40 million Swiss francs (around $43 million dollars) for its Swiss subsidiary’s involvement in illegal money laundering activities during which, “HSBC’s Swiss arm banked the proceeds of political corruption and accepted deposits from arms dealers while helping wealthy people evade taxes,” reports the London Guardian.

In 2012, HSBC agreed to pay U.S. authorities $1.9 billion dollars after a Senate investigation found the bank had been a conduit for “drug kingpins and rogue nations.”

Ironic therefore it is that HSBC representatives will be party to discussions at Bilderberg centered around moving towards the abolition of cash and the imposition of capital controls on ordinary citizens in the name of stopping tax fraud and allowing more state control over people’s finances.

During the conference, Bilderberg will set the consensus for green lighting economic restrictions under the justification of stopping financing for terror groups like ISIS. Bilderberg will also discuss new controls on the sale of precious metals throughout Europe.

Numerous influential voices have recently called for eliminating physical currency altogether, giving central banks and governments the power to directly control your finances under the justification of preventing an economic collapse and bank runs.

At its most authoritarian extreme, this means having to obtain government permission every time you withdraw or spend a moderately large sum of money.

France is already set to introduce laws in September which will restrict French citizens from making cash payments over €1,000 euros. France’s Special Adviser on Financial and Economic Affairs to the President Laurence Boone will attend Bilderberg 2015.

Former Bank of England economist Jim Leaviss, penned an article for the London Telegraph last month in which he said a cashless society would only be achieved by “forcing everyone to spend only by electronic means from an account held at a government-run bank,” which would be, “monitored, or even directly controlled by the government.”

Banks in the United States and United Kingdom have also intensified policies that treat the deposit and withdrawal of relatively large amounts of cash as a suspicious activity.

Citigroup Chief Economist Willem Buiter recently advocated abolishing cash altogether in order to “solve the world’s central banks’ problem with negative interest rates.”

Last year, Harvard University’s Kenneth Rogoff also called for “abolishing physical currency” in order to stop “tax evasion and illegal activity” as well as preventing people from withdrawing money when interest rates are close to zero. Harvard Professor of Economics Martin Feldstein is on the official attendee list for this year’s Bilderberg conference.

Buiter and Rogoff recently gave presentations at a secret meeting in London during which they advocated, “the elimination of all cash to bring to fruition the day when you cannot buy or sell anything without government approval,” according to economist Martin Armstrong.

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*********************

Paul Joseph Watson is the editor at large of Infowars.com and Prison Planet.com.

This article was posted: Tuesday, June 9, 2015 at 6:01 am

Soros Pushes US Bailouts and Weapons for Ukraine

written by ron paul sunday june 7, 2015

If you look at the track record of the interventionists you might think they would pause before taking on more projects. Each of their past projects has ended in disaster yet still they press on. Last week the website Zero Hedge posted a report about hacked emails between billionaire George Soros and Ukrainian President Poroshenko.
Soros is very close to the Ukrainian president, who was put in power after a US-backed coup deposed the elected leader of Ukraine last year. In the email correspondence, Soros tells the Ukrainian leadership that the US should provide Ukraine “with same level of sophistication in defense weapons to match the level of opposing force." In other words, despite the February ceasefire, Soros is pushing behind the scenes to make sure Ukraine receives top-of-the-line lethal weapons from the United States. Of course it will be up to us to pay the bill because Ukraine is broke.
But Soros seems to have the money part covered as well. In an email to Ukrainian leaders, he wrote that Ukraine’s "first priority must be to regain control of financial markets." Soros told Poroshenko that the IMF would need to come through with a $15 billion package, which was confident would lead the Fed to also come through with more money. He wrote: “the Federal Reserve could be asked to extend a $15 billion three months swap arrangement with the National Bank of Ukraine. That would reassure the markets and avoid a panic.”
How would the Fed be convinced to do that? Soros assured Poroshenko: “I am ready to call Jack Lew of the US Treasury to sound him out about the swap agreement.”
So George Soros will use his influence in the US government to put the American people on the hook for a bankrupt Ukraine -- forcing us to pay for weapons, more military training, and Ukraine’s crippling debt.
Who is thrilled with Soros’ drawing the US government into more intervention in the region? The military-industrial complex for one is happy at the prospect of big weapons “sales” to Ukraine. The bankers are thrilled. Washington power-brokers are thrilled. There is something in this for everyone who is politically well-connected. The only losers are the people who will be forced to pay for it, the American taxpayers.
No one seems to ask why we are involved in Ukraine at all. Is it really any of our business if the east wants to break away from the west? Is it a vital US interest which flag the people wish to hang in Donetsk?
One thing we should be sure of is that Ukraine’s debt will not be paid. As in other bailouts, much of it will be transferred to the US taxpayer through the IMF and the Federal Reserve. All of this is only possible because of the perception that the dollar is still the world’s reserve currency. But this too is coming to an end. US military and financial interventionism worldwide are only speeding up the process.

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