In Explosive Scandal, Head Of Polish Central Bank Recorded Promising Assistance To Government If Minister Fired
Remember when conventional wisdom said central banks are apolitical and impartial, and anyone who claimed that the world’s money printers (which in the New Normal of failed fiscal policy means the only source of stimulus, and thus infinite political leverage and an existence “above the law”) are in fact the most political and partial entities was, what else, a conspiracy theorist? Well, there goes another conspiracy theory, replaced by conspiracy fact.
Yesterday, Polish magazine Wprost released a recording of a meeting between Interior Minister Bartlomiej Sienkiewicz and central bank Governor Marek Belka which took place in a Warsaw restaurant in July 2013. In the recording, Belka told the minister he would be willing to help the government out of its economic troubles if the finance minister was fired.
According to Bloomberg, which released the details earlier, Sienkiewicz allegedly heard on recording asking Belka if central bank would be able to support government 8 months before election if slow economic recovery and weak budget situation coincide with surge in support for opposition Law and Justice party.
Belka was then heard discussing “non-standard” support that includes “very significant change” in central bank status, and was heard saying he’s ready to help under condition that Finance Minister Jacek Rostowski is replaced by “technical and apolitical finance minister, who will find full support in the central bank.” …
With the nearly cult-like status of the ultra-powerful, secretive, privately controlled federal reserve, one can imagine the scandals we haven’t heard about. With the ability to trigger booms and recessions on command, the fed has a great deal of power to manipulate presidential elections. But the worst aspect of the scam is that these crooks have a business interest in perpetual war because war is the most efficient way to increase national debt.