Showing posts with label Head. Show all posts
Showing posts with label Head. Show all posts

Monday, August 11, 2014

Former Bank Of England Head Mervyn King "Monetary Policy Isn't The Answer"

http://www.zerohedge.com/news/2014-08-11/former-bank-england-head-mervyn-king-monetary-policy-isnt-answer
 
Why is it that central bankers always wait until after they quit their job before telling the truth?

In his keynote address, former governor of the Bank of England Mervyn King gave the Australian mining industry some hope for a brighter future, arguing world insecurity could have a positive impact on the price of gold and other commodities.

He said the geopolitical and economic uncertainty will boost commodity prices.

But he argued globally countries would have to face up to mounting debt, while warning central bank adjustments were not the answer.

"We are beginning to discover that the reason the world recovery is so slow is that monetary policy isn't the answer now, and other policies need to be put in place to rebalance the world economy," he said.

Saturday, May 25, 2013

Head of the IMF Christine Lagarde in court charged with embezzlement and fraud

First, Dominique Strauss-Kahn was accused of rape.  Now, his replacement, Christine Lagarde is accused of embezzlement and fraud.

Here's the thing--whether they are guilty or not is irrelevant.  The truth of the matter is they are being targeted despite being heads of the central bank of central banks, because they are offering resistance on endless money printing.  Sure, all bankers want to print money endlessly, but they also have to voice the their concerns over what I call legalized counterfeiting because enough people are concerned.  However, speak too loudly, and their peers get nervous.

The financial system is broken and on the verge of collapse, so the rats are pointing fingers at other rats in the sinking ship.

http://www.standard.co.uk/news/world/head-of-the-imf-christine-lagarde-in-court-charged-with-embezzlement-and-fraud-8628670.html

As the IRS and other scandals are telling us, nobody is immune to investigation--even if they are allies of the President.  And it also goes to show you that the seemingly all-powerful central bankers are merely puppets in the big scheme of things.  The financial elite pulling their strings behind the scenes will toss them aside and assassinate their characters, if they don't perform their jobs of printing trillions more.