Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
Out of the Ashes. a Global Central Bank!

Out of the Ashes. a Global Central Bank!

Ratings: (0)|Views: 12|Likes:
Published by Ron Robins
A world central bank will be born in the next few years. Growing higher consciousness will enable it to become a reality. It will come about as the chaos and inadequacies engendered in our present monetary system become evident to everyone and a world central bank seen as the best solution.
A world central bank will be born in the next few years. Growing higher consciousness will enable it to become a reality. It will come about as the chaos and inadequacies engendered in our present monetary system become evident to everyone and a world central bank seen as the best solution.

More info:

Published by: Ron Robins on Feb 22, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less

01/02/2011

pdf

text

original

 
March 12, 2008
Out of the Ashes. A Global Central Bank!
ByRon Robins, MBAFrom my blog:Enlightened EconomicsOur financial overseers will create a world central bank in the next few years.Growing higher consciousness in the world will enable it to become a reality.This bank will have a mandate to monitor, regulate, and maintain globalcurrency, credit, and debt issuance. It will ensure that growth of these activitiesroughly matches global economic output. It will come about as the chaos andinadequacies engendered in our present monetary system become evident toeveryone and a world central bank seen as the best solution.Individuals and groups in financial markets everywhere, lacking innerfulfillment, have demonstrated inordinate greed resulting in reckless financialgames and gambling – are bringing the financial system to its knees.Such mismanagement in the financial system, I believe, will require the newworld central bank to disallow banks everywhere from continuing in unfettereddebt creation and speculative excesses. In search of ever higher returns, bankscreated overly lax lending standards, highly leveraged loans, obscure financialentities bearing major financial risks unconsolidated in their financialstatements, and generally ran down the quality of their assets and reserves tounsafe levels.
‘Shadow banking’ system larger than conventional banking
All the while an even bigger, massively leveraged, totally unregulated, thinlycapitalized, ‘shadow-banking’ system was allowed to balloon by bank regulators.And it is now in the process of imploding! Bill Gross, managing director of PIMCO, the world’s largest bond fund, said this recently about the shadowbanking system:
“Our modern shadow banking system craftily dodges thereserve requirements of traditional institutions and promotes a chain letter, pyramid scheme of leverage, based in many cases on no reserve cushionwhatsoever.” 
Due to the enormous growth of irresponsible central bank and banking activitiesglobally, plus the vast, mushrooming credit creation of the shadow bankingsystem – the world’s money supply is expanding out-of-control.
Unprecedented money supply growth creates inflation as bad as 1970s
Globally we see that,
“China [is] registering an 18% plus growth in money,India 22.4% a year growth, Singapore 14%, Britain up by 12.3%, WesternEurope 11.5%, Australia 16%, Canada 13%, and Saudi Arabia 22%!” 
So
 
saysThe Mogambo Guru ,Richard Daughty. These are ‘broad money supply’ figures. John Williams of www.shadowstats.comshows the US broad measure of moneysupply, as of early February 2008, increasing at annual rate of 16.8%. (The USFederal Reserve stopped publishing this measure in March 2006 claiming it coststoo much to produce. Many economists suspect that they just wanted to hidethe ramping-up of the US money supply.)

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->