How Do Central Banks (G20 & Ruling Class) Fix Structural Problems?
World War Two (WWII) with Bretton Woods was one example of central bankers fixing structural problems.
That changed the worldwide monetary system and affected everything.
The possibility for the so-called Fourth Industrial Revolution (with a cashless digital economy being run by supercomputers on a blockchain, and data harvesting everyone's personal and private information) is another possible structural change...
So what is going on with recent reports of internal divisions and disagreements among the Federal Reserve, and now within the European Central Bank (ECB)?
The way the central banks announce their plans at the staged performances (press conferences) always appear as if EVERY member agrees to their actions.
The so-called hawkish moves with "tapering" (stop the flow of free & cheap money to corporations) "feels" like they were told what to do and they are obeying orders even if some members disagree.
We were not present during the meetings, so we do not know - but please keep a sharp watch on all central bank activities.
Read:
FOMC Minutes Show "Divided" Fed Fearful Of High Asset Prices, Low Inflation
Internal Feuding Within the ECB Over Tapering: Reflections on Monetary Policy
ECB Officials Disagree on How Much Is Too Much for Stimulus Plan.
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I recommend reading the FOMC meeting minutes for yourself from the Federal Reserve web site. This gives it 'straight from the horse's mouth'. That's as close as we are going to get. Some of the 'analysis' is as verbose and voluminous as the full meeting minutes.
Hi @goldkey , that is precisely the point for all the central banks and not merely the Fed, include the others along with the BIS, IMF, BRICS, SCO, AIIB, G20 LOL 😃
ALWAYS keep an eye on the central banks activities.
@justinschwalm yes!
Awesome post man.
We are overdue for a new monetary system. I'm just hoping that it is forced into a system that benefits everyone (namely the little guy), and gets us away from the grasp of those that wish to enslave us.
thanks
@revelationquotes rather than hope the institutions will do what is not in their narrow self interests, we are creative beings and implement our alternative solutions - We Are The Solution We Have Been Searching For.
The seeds have been planted:
P2P, Free Source, Sharing, Complementary & Local Currencies, and other collaborative grassroots efforts.