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    An ECB? No, WCB

    An ECB? No, WCB

    A committee of economists have proposed “the creation of an International Monetary Policy Committee composed of representatives of major central banks that will report regularly to world leaders on the aggregate consequences of individual central bank policies.”

    And who will run this? Why, a committee of economists! I mean, sure, the Fed has screwed up in the past and the ECB may have had a few missteps, like when they took hundreds of billions of euros worth of risky securities as collateral to boost euro zone banks. But, really, that’s just because these central banks didn’t have solidarity throughout the globe. There was always this “foreign competition” getting in the way, with their smug growth rates…. Obviously more centralization is the answer!

    [Centralization fragilizes the system. It makes crisis less frequent, but much larger in scope  when they happen.]

    H/T Arnold Kling of EconLog



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    This is exactly what Glenn Beck said today. They’re trying for the one world government (my inference), they’re trying to suck us in so we’re even more dependent on other governments. If our currency is tied in with theirs, they have more access to redistribution.

    Juba Doobai! | September 16, 2011 at 10:23 pm

    Wm., take a look at this: The FBI is teaching the truth, and Spencer Ackerman thinks they are close to violating the Constitution. Scroll down the page, on the left side are downloadable PDF’s which lay out FBI teachings. One of them shows that devout adherents of Judaism and Christianity eschew violence for nonviolence. However, devotion amongst Muslims is more likely to lead them to violence. It’s amazing! I never thought the FBI would actually teach the truth about Islam.

      Midwest Rhino (not RINO) in reply to Juba Doobai!. | September 17, 2011 at 9:22 am

      Interesting article … of course the author spins the FBI findings as dangerous, the same spin as Al Qaeda. But I’ve said this for years … it seems the most devout fundamentalist Muslims ARE “radical Islam”.

      The more westernized versions are less devout, but still sympathetic. But examining the hard and overwhelming evidence is spun by the PC crowd as dangerous and hateful.

      Here is one quote:

      “There may not be a ‘radical’ threat as much as it is simply a normal assertion of the orthodox ideology,” one FBI presentation notes. “The strategic themes animating these Islamic values are not fringe; they are main stream.”

    WarEagle82 | September 16, 2011 at 11:02 pm

    A thousand years ago, the barbarians assaulted civilization from the outside wearing animal skins. Today, they assault civilization from within wearing Armani suits. They still pillage and destroy for their own personal gain while producing nothing. But now, they tell us it is for our own good…

      BannedbytheGuardian in reply to WarEagle82. | September 17, 2011 at 2:22 am

      Being a textiles & general fashion fan -I hope you have more details. I got a soft spot for a 1970s buck skin jacket but even the Picts threatening the Romans 100 ad wore rustic early tartan .

      Ditto Hannibal wore fine linens.

      For your Illuminati people -fox fur stoles have disappeared but plenty of mink & sable coats & leather briefcases. Thigh high boots make regular exciting comebacks.

      Mens suits are a study in themselves. Fascinating history & quite an art. But mostly boring.

      I could go for some animal outfits but it did not seem to help rep David Wu.

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