Have you ever wondered why stocks just seem to keep going up no matter what happens? For years, financial markets have been behaving in ways that seem to defy any rational explanation, but once you understand the role that central banks have been playing everything begins to make sense. In the aftermath of the great financial crisis of 2008, global central banks began to buy stocks, bonds and other financial assets in very large quantities and they haven’t stopped since. In fact, as you will see below, global central banks are on pace to buy 3.6 trillion dollars worth of stocks and bonds this year alone. At this point, the Swiss National Bank owns more publicly-traded shares of Facebook than Mark Zuckerberg does, and the Bank of Japan is now a top-five owner in 81 different large Japanese firms. These global central banks are shamelessly pumping up global stock markets, but because they now have such vast holdings they could also cause a devastating global stock market crash simply by starting to sell off their portfolios.
Over the years I have often been asked about the “plunge protection team”, but the truth is that global central banks are the real “plunge protection team”. If stocks start surging higher on any particular day for seemingly no reason, it is probably the work of a central bank. Because they can inject billions of dollars into the markets whenever they want, that essentially allows them to “play god” and move the markets in any direction that they please….
Or they could simply retain ownership under the pretext that the global economy would collapse otherwise. Why not? What choice do the masses have but to go along? The instrumentalities of popular government are long gone. Everything is governed by algorithmic slavery now. “Give us the planet and we’ll protect you from your own incompetence.” And maybe they have a point!
Seriously though, do you think simple ownership of something like a food corporation will not affect the trustworthiness of the food? This is the end game after all. There’s no place else for them to go but global genocide.
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This article is part of a three-part series called “The ‘humanitarian’ destruction of Libya” that analyses the 2011 war in Libya and the motives behind it. The first article contrasts the invented war crime allegations against the Libyan government to the very real underreported war crimes by the insurgents; the second exposes a history of deceptive terrorist attacks on European soil wrongly attributed to Gaddafi and the role of NATO in the war; and the third discusses Gaddafi’s plan at creating a pan-African currency as one of the central motives lurking behind the mainstream explanation of the intervention as a just one that sought to “protect civilians” from a ruthless dictator.
Although 40 years in power, Muammar Gaddafi first addressed the UN General Assembly in September 2009. Reminiscent of Fidel Castro’s speech to the body in 1960, he went over the allotted time of 15 minutes and talked for over an hour and a half. He advocated for radical change in the inner workings of the UN and said that the General Assembly should adopt a binding resolution that would put it above the authority of the Security Council. The latter, according to Gaddafi, had failed to prevent 65 wars since its inception and is unjust and undemocratic because the five permanent members have all the actual power. If the General Assembly were to be the most powerful body, however, all nations would be on equal footing, he proclaimed, which would prevent future conflict. He ascribed similar bias to the International Criminal Court and the International Atomic Energy Agency, as they, just like the Security Council, are used to demonise enemies of the global powers while their own crimes and those of their allies go largely unnoticed. He went on to dismiss Washington’s war against Iraq, advocated for a one state solution to the Palestinian-Israeli conflict and urged the General Assembly to launch investigations into the murder of Patrice Lumumba, John F. Kennedy, [ https://www.youtube.com/watch?v=E4OT9071zBA ] Martin Luther King [ http://www.thekingcenter.org/assassination-conspiracy-trialhttps://www.youtube.com/playlist?list=PL951E0C6E79EEB4E6 ] and the massacres of the Israeli army and their allies committed against the Palestinians in the Lebanese refugee camps of Sabra and Shatila in 1982 and in Gaza in 2008.
The picture of Colonel Gaddafi that emerges seems to be somewhat in conflict with that put forward by the mass media. Rather than just another brutal power-hungry dictator who seems to be interested only in killing his own people, it looks like he had some interesting ideas, to say the least. Perhaps it might be useful to step away from the simplified and rhetoric-laden label of dictator for a moment and take a deeper look into Gaddafi’s ideas and why they posed such a great danger to the global power elite. ….. [skipping for brevity, not for censorship. he had issues with authoritarian rule and poorly-thought-out political philosophies. see the article for details. I’m more interested in the real reasons for the west’s attack on him and Libya and how it elucidates the real structure of power in the western world -rw]
… Africa is kept in a structural state of underdevelopment. Recent studies have shown that for every $1 of aid that developing countries receive, they lose $24 in net outflows. In other words, rich countries are not developing poor countries; poor countries are developing rich ones. Hence, it would be an understatement to posit that the current situation maintains the status quo. Rather, the global inequality gap has significantly worsened in postcolonial times under the regimes of the IMF, World Bank and UN. Indeed, the distance between the richest and poorest country was already about 35 to 1 in 1950, but further rose to a staggering 80 to 1 in 1999. Gaddafi understood the potential of an Africa free of the neo-colonial grip of Western powers. In 2005, he stated that:
“There is an attempt to promote proposals aimed at extending aid for Africa. But when aid is linked to humiliating conditions, we don’t want humiliation. […] If aid is conditional and leads to compromises, we don’t need it. […] They are the ones who need Africa. They need its wealth. 50% of the world’s gold reserves are in Africa, a quarter of the world’s uranium resources are in Africa, and 95% of the world’s diamonds are in Africa. […] Africa is rich in unexploited natural resources, but we were [and still are] forced to sell these resources cheaply to get hard currency. And this must stop.”….
Gaddafi’s gradual conversion to pan-Africanism culminated into his desire for a borderless “United States of Africa;” that is, a single continent ruled by a single government, a united defence force and one foreign and trade policy – which he proclaimed at an extraordinary summit of the OAU in Sirte on 9 September, 1999. The summit produced what is now known as the Sirte Declaration, the document that announced the birth of the African Union (AU) comprising all African nations, which eventually came into existence in 2002, thereby replacing the more inefficient OAU. Gaddafi’s role in these developments are clear from article 7 of the Sirte Declaration, which states:
“In our deliberations, we have been inspired by the important proposals submitted by Colonel Muammar Gaddafi, Leader of the Great Al Fatah Libyan Revolution and particularly, by his vision for a strong and united Africa, capable of meeting global challenges and shouldering its responsibility to harness the human and natural resources of the continent in order to improve the living conditions of its people.”….
The Abuja Treaty of 1991 established the African Economic Community and outlined six stages for achieving a single monetary zone for Africa by 2028. The final stage involved the creation of an African Central Bank, an African Economic and Monetary Union and an African common currency. The 1999 Sirte Declaration, spearheaded by Gaddafi, vowed to speed up this process. In addition, plans were underway to create an African Monetary Fund that would only be open for African nations and would thus be able to directly challenge neo-colonial institutions like the IMF and World Bank. Most importantly, however, since his reorientation to Africa, Gaddafi repeatedly urged for the establishment of a single African currency, lastly in February 2009 when he was elected chairman of the AU.