printThe world’s central bankers, entrusted as they are with keeping themselves in style and their politician friends in power, would very much like to be able to access YOUR wallet. Feel like saving Greece? Bailing out Portugal? The EU’s Uncle Jean-Claude Trichet has a plan: Let’s centralize political spending—incur debt in unison and inflate our way out of the pit. Let the serfs suffer.
“The President of the European Central Bank, Jean-Claude Trichet, told Forbes that global governance is extremely necessary if we want to prevent another financial crisis. In his prepared printed and spoken remarks to the Council on Foreign Relations, Trichet emphasized that politicians, economists, and financiers must work across the Atlantic and collaborate on methods to create an international set of standards. It is his belief that through global governance, the resiliency of the global financial system can be assured, noting that ultimately it was governments’ use of taxpayer’s money, equivalent to around 25% of GDP on both sides of the Atlantic, that prevented another catastrophic great depression from occurring.” …
This sounds right up the alley of those over-educated fools that run the country. It’s far left and European. Just right for the elite and smart set. I wonder if the citizens of the country would realize what a disaster it would be to fall in with that EU/UN bunch.
I’m afraid not enough of the American people would even care if we went the way of the EU. The dumbing down of the American people is so far along that I think it would be fairly easy for the elites to pull off. Very sad.
It gets more surreal by the day. Does he intend killing competition on a global scale now?
Instead of focusing on what prevented another catastrophic great depression, he should rather concern himself with what caused it in the first place!
This is/would be just another example of bad money driving good money out of circulation. When the spectrum of countries, peoples, lifestyles, productivities is as broad as it is now, there is no way to merge without destroying the productive. There is a risk of that happening in the US as well under the kinds of policies we are seeing currently and recently.
”if we want to prevent another financial crisis…” “…collaborate on methods to create an international set of standards”
Henceforth, and under the auspices and of the Global Confederation’s Committee On Rules, Standards, Conventions, and Protocols, ‘Causes’ and ‘Effects’ will be subject to strict rules, standards, conventions, and protocols.
Causes and Effects not in compliance will be subject to the Committee’s Sub-Committee on Assessments of Culpability and Corrective Measures. Sanctions, Penalties, and Mulcts for non-compliance are set forth in Section 8 Subsection 16 Article 32, Clause 39…
There is no hubris a bureaucrat cannot entertain; nor an amount he cannot contain.
It’s quite amusing to hear Trichet ramble on about an “international set of standards”. Since the EU set of standards/centralization has caused massive debt and ruined the Greek governments ability to respond to a crisis, by all means let’s internationalize the standards. We need to make the entire world economic system so brittle that in keeping with the socialist mindset, we’ll all go down together. Picture all countries floating in an ocean of debt with smaller countries tied to an anchor.
B-b-b-but, the central bankers and their politician friends already have access to my wallet. They can devalue its contents at will by creating new money out of thin air. Then they tax me, just to add insult to injury. I also suspect that they’re a bit premature in patting themselves on the back for preventing another great depression.