Fed, ECB and other central Banks coordinate dollar liquidity - Nov. 30, 2011

Fed, ECB and other central Banks coordinate dollar liquidity - Nov. 30, 2011

money.cnn.com

NEW YORK (CNNMoney) -- The Federal Reserve, acting with five other central banks, took further steps Wednesday to make it cheaper for banks around the world to borrow U.S. dollars.
Fed and China save the day
The Fed -- along with central banks of the eurozone, England, Japan, Switzerland and Canada -- announced a coordinated plan to lower prices on dollar liquidity swaps beginning on December 5, and extending these swap arrangements to February 1, 2013.

(visit the link for the full news article)

And so it Begins. One World financial system is underway. Per CNN, "FED, and other central banks, boost world's financial system". Pretty soon we all have one currency and one large bank for the entire world. May not be all that bad right? Maybe a aliens will make contact and spur a one world religion, which spurs a one world government.. who knows.. but the cards are falling into place my friends.

money.cnn.com
(visit the link for the full news article)

Now that is very interesting indeed. I feel like there has been a lot of 'centralization' of many key components in our system. I say be wary from 'One handling all'.

As I'm sure they do not intend for the world to be 'One big happy family'

The more they meddle, the harder the crash will be. This is going to make for a very painful Spring.

There never was any problem with 'one world' currency. We already had it for decades.

No national soveriegnity was denied while using that dollar. It created speed and stability, and even worldwide financial crash came, many still prefer to hoard their wealth in that dollar - the US dollar.

Eu tried to form their own currency, but without forming any united fiscal spending union that will have to remove national soveriegnity on unequal individual states spending, and thus their disaster today.

The MAIN WORRY over this latest united Central Banks worldwide is rather - how are they gonna use those funds and account for it?

Are they gonna bailout corrupt entities and force every human on Earth to become slaves, or are they only attempting to shore up market confidence, even if only building upon deck of cards foundation - empty and hollow in reality to pay off debts?

Sooner or later all these make beliefs will come crashing down. Better now than later. Toothaches hurt real bad, but once that rotten tooth is pulled out, one feels much better and can get on with life. May the central banks and world leaders realizes this, if they value their heads intact while peaceful change is still possible today.

To delay and wait till tommorow, the guillotines will be greased and rolled out....

Originally posted by uSNUUZuLUUz


And so it Begins. One World financial system is underway.

this looks very much like the case. especially on seeing this news just released too;

Britain's biggest banks are being urged by the City regulator to prepare for a break-up of the eurozone.

The head of the Financial Services Authority (FSA), Hector Sants, has told financial institutions to accelerate plans for a separation of the single currency area,

news.sky.com...

the eurozone is being scrapped. then we can all come together under the one world roof .

reply to post by Number23

post removed by staff

AGAIN ?!? When did it ever acted on anything but self interest ?!? Nations are not people, there is no international solidarity, there is only chance to advance ones interests...

At best you may claim to have helped, but every-time a bit too late to avoid the escalation. Even if we look at the recent NATO intervention in Serbia we all have heard what happened in the background.

The real help was given by the common citizen that against governmental policy got involved in the Spanish Civil War against Fascism. Those where indeed moments you could be proud of the American People.

WWI

U.S. declaration of war on Germany Woodrow Wilson declares war on Germany After the sinking of seven U.S. merchant ships by submarines and the publication of the Zimmerman telegram, Wilson called for war on Germany, which the U.S. Congress declared on 6 April 1917.

From Wikipedia WWI article, see Zimmermann Telegram

See how the world has been helping Africa for the last centuries... Heck look at the recent help in Libya or Egypt.

When the end of EU eventually comes, it will be downright messy for no leader had prepared ANY contingency plans for it. Such is the hubris of mortals.

1. The EU dollar will lose its value most certainly. Those holding it in large volumes best be prepared.

2. Companies dealing with EU will have to quickly rectify their contracts to base upon other safer denominated dollars, or the exchange rates may wipe them out.

3. As there is no public funds in the world that can pay off just Italy's debt, let alone the entire EU, many of the banks holding those sovereign debts will go bust, for there will be no buyers, and the interests due will not be forthcomming anytime soon from defaulting nations.

4. Germans are the most worse off, for their banks probably holds the highest EU debts around. It may bankrupt German banks. At least the German treasury still have gold, and would be able to starve off national bankruptcy and help its own people mitigate the effects of savings lost. As it is one of the more stable and enterprising european nation, it will be able to get back on its feet faster than anyone else.

5. It will be time for other nations to come in aid of the other european states - NOT by buying up sovereign funds again, but by carefully selecting equities -companies that are ethically run and manage with at least some measure of profitability. Those states are not deserts and not without resources of its own, but only lacking in capital to turn a dime.

6. Their politicians are responsible for the mess that the citizens had to face. The gravy train had ended. Investigations will have to be made, jails made avaliable for those found corrupt while the nation elects better leaders whom will not promise the moon and stars, but rational spending amidst needed cuts.

Creating more gov jobs in a downturn is necessary to stimulate the economy and help its citizens stay employed, and then gradually release them once the economy is healthy again to earn better in the private sector.

But to create ja bloated public sector while using BORROWED money is nothing more to pork barrel politics to stay in power. Employ one gov worker and you will get min. 5 gratified votes - the worker, his wife, his parents and parents in law. Extrapoliate into 300,000 strong bureacracy and you can be assured of 1.5million votes.

Once the gravy train of borrowed funds dry up, so too will be those politicians head roll. Thus, the new european leaders must be prepared to explain to the masses expecting or are getting cut to understand why it cannot help them now. There is not enough funds to keep everyone employed in the public sector, but they will be able to find better paid private sector jobs, if the politicians are serious about finding and encouraging foreign private investments, with worker protection in their states.

I am there are far better minds than mine to ponder over this issue, for the sake of our european fellow human brothers and sisters. There is always hope, and never the end of life.

reply to post by uSNUUZuLUUz


Actually they are not boosting anything, because US has more debt than any other nation in the world, what they are doing is creating liquidity that doesn't exist to perpetuate more debt to nations that will never be able to repaid no even the interest in their debt.

Whatever the big scam going on with this loaning and creation of money to bailout each other nations is creating the biggest bubble of debt that the world will ever see, this time no even a global bailout will be able to deflate the growing monster bubble of debt

Originally posted by marg6043
reply to post by uSNUUZuLUUz

 

Actually they are not boosting anything, because US has more debt than any other nation in the world, what they are doing is creating liquidity that doesn't exist to perpetuate more debt to nations that will never be able to repaid no even the interest in their debt.

Whatever the big scam going on with this loaning and creation of money to bailout each other nations is creating the biggest bubble of debt that the world will ever see, this time no even a global bailout will be able to deflate the growing monster bubble of debt

I agree.. all these loans are going fall, if no one keeps paying them back in FULL. Welcome to a revamp of the money system. 'Earth Notes' will be the new currency (sponsered by Visa and Mastercard). It will all be digital economy and society (no cash or coins). Everyone will be required to get an ID Visa Card, which links to their money as well as their digital passport, and identification. Less fraud, because you have to be you to spend your digital money. Happening in less than 5 years. Quote me.

Dire Straits - Money For Nothing

Banks are Making Money From Nothing and Putting us in Dire Straights.
Read or view "Money Masters" on Google video.

Banks loan out 10x their actual money reserve.
And charge interest that gives them 10x the interest in return.
Simple math.
They can afford wood lined working places and biggest and tallest buildings in town.