A global backlash has emerged against the Federal Reserve’s blatant policy of devaluing the dollar by printing $600 billion out of thin air, a move that analysts, economists, foreign ministers and even the Fed’s own employees charge will only serve to stall economic recovery and initiate trade and currency wars.
On the eve of the G20 summit in Seol, finance ministers in China, Brazil, Russia and the euro zone have denounced the Fed’s quantitative easing, adding to an already deafening chorus of critics.
China’s suggestion that the G20 should monitor and regulate the Fed’s decision making, however, represents a further step toward world governance of domestic economic policy. The option facing the American people would then be between a private banking cartel running the US, as it currently does, or an unelected world government.
It is this very fusion of power that the intentional decimation of the global economy serves.
Printing excessive amounts of money, tampering with interest rates and alienating emerging economies abroad is exactly what caused the crisis in the first place, so why is exactly the same thing being done again? Because a cartel of elites knows that out of the chaos this engenders they can consolidate and prosper.
