The 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.” …
