I’m sure you’re busy elsewhere, Daphne. Perhaps doing something more erudite than writing about cabbages and useful idiots.

Kev, you said:
“I read your recent comments and you seem to be on the verge of realising that central banks are powerful tools, but not yet…”

Kev, what I wrote is all O’Level Economics. Used to be, at least.

Kev, I am not the God Almighty, so there may be things I miss. However, my feeling is that you are the one who got it all wrong.

I actually think that central bankers have no powers.

The real power lies with the big banks, which are privately owned. The recent financial crisis confirms this.

Central bankers had not even realised what was going on, until they were forced by politicians, and by the lobby of the private bank owners, to help in the bailout by making more money available to the banks.

I note that Daphne is on go-slow mode, but anyway, here’s a better example of deception. Some weeks ago Newsnight (BBC) made yet another ‘attack’ on ‘greedy bankers’.

[Daphne – I’m not on go-slow mode, Kevin, but the opposite of that. This website is not my job. My go-fast is elsewhere right now.]

This time, the banks were attacked for ‘NOT lending enough money’. Indeed, they were to lend £16 billion last year and instead ‘only’ £14 billion were available. Speaker after speaker lambasted the ‘greedy bankers’ whose faces were lampooned and disgraced.

But then, if you really know what’s going on you’d know that bankers would lend a trillion a day if they could – if they can borrow it from the central bank, that is. £14 billion is already beyond the limit, of course, unless you don’t want to hyperinflate the currency through fractional reserve banking (funny how they always speak of Quantitative Easing as if this was the only way to inflate a currency – that is, to dilute it, debase it, counterfeit it…).

And yet, BoE interest rates stand at just 0.5%, and inflation, currently at 4.5%, is expected to reach 5% by the end of this year. The pound is going to the dogs, there is no doubt about that. The euro will be saved at great costs to us taxpayer. The dollar will collapse and be replaced by a world currency.

Now you can all get back to cabbages, sprouts and KushKieris.

Ciccio, I read your recent comments and you seem to be on the verge of realising that central banks are powerful tools, but not yet. To close this I’ll have to back-track.

You see, you’re mesmerised by legalities as if the rule of law applies at such levels. Laws are for slaves, ciccio: some laws are aimed to keep slaves in line while others are meant to hoodwink them.

So, given that you’ve been hoodwinked, here’s the back-track:

This is how Edward Bernays, the ‘father’ of the Western media, justifies the invisible (anti-democratic) manipulation of the masses (Propaganda, 1928):

“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society.

“In almost every act of our lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons […] who understand the mental processes and social patterns of the masses. It is they who pull the wires that control the public mind…”

So you see, the reason you fail to see through the illusion is precisely because you are not meant to.

Some people believe they know it all simply because they’re literate. Others think they’re a notch up because they’ve had a sound education. Yet without critical thinking literacy and education are just a form of enslavement. The more one is ‘educated’, the deeper one is immersed in the illusion. Everything makes sense because one deception justifies the next. The means towards this deception is the false word.

Here’s a quick example. Why did Greece, Ireland and Porugal have had to be FORCED into accepting a ‘rescue package’, a ‘bailout’, ‘aid’? (Read the pertinent news if you’ve missed these sagas – they’re being forced into accepting a second ‘bailout package’ now.)

I’m sure you’ll find some nonsense to justify the fog covering this deliberate debt-trap.

It’s like bailing water out of a boat by pouring more water into it. That is what you’ll need to justify, ciccio.

Kev, one more little thing to conclude this long debate. It’s about the capital of the Bundesbank, which you question. In the case of central banks, it does not matter how much capital they have on the balance sheet. What matters is how much and what quality of assets they carry in respect of the money in circulation liability. It is that part of their financial position that matters, because that is what central banks defend: the money in circulation.

Kev, let me correct my statement about central banks lending to government. I am comfortable that this statement is correct for the BoE, the Maltese central bank, and of course the ECB with respect to European governments.

The BoE does not buy and hold UK Treasury stocks, nor does the Maltese central bank except in what is called “open market operations” and that is part of ensuring liquidity in the market.
I believe this statement applies also to all cases where the central banks are owned by the government, and this would be so because to do otherwise would mean precisely that government is printing money.

In the case of the Federal Reserve, the situation may be (and I think it is) different because, as I conceded before, the Fed has, as far as I remember, private ownership.

“Central banks are normally not allowed to lend money to the government.” – is that what you’re saying ciccio? Get your head in order, please. The Federal Reserve and the BoE are two prime examples of central banks that issue currency on loan to the Treasury.

Kev, you now say “But WHO controls this perfect tool, ciccio? That is what you need to watch out for.”
But before you said “…the Monopoly game has been won by the very few who literally own the shares (officially secret – by law) of the Bank of England, the Federal Reserve, the ECB and a multitude of central banks across the globe, plus of course, the IMF, the WB, etc. ” – You were talking literally about share ownership. You have to decide.
Your argument was based on the argument that who owns the banks receives the net benefit of the loan interests which enslave the nation. So I suppose that if the Treasury owns the BoE, and the German government owns the stock of the Bundesbank, then it is evident to me that it is the governments that receive those benefits. Since those banks publish their accounts, it should be easy to control whether the governments are accounting for the dividends in their revenues.

Ciccio, so the Deutsche Bundesbank’s capital amounts to just five billion Deutsche Mark?

No wonder it is publicly owned. It too is insolvent, but it’s got 80 million slaves as collateral.

But WHO controls this perfect tool, ciccio? That is what you need to watch out for.

Kev, all you can come up with is yet another conspiracy theory, and you actually present it, once again, as if it is a given fact. This is absolutely ridiculuous.
Look at these websites – they present the same conspiracy that you refer to about the Bank of England Nominees Limited.
In the first link, down on the right hand side, there are links to the sort of subjects you like – banking scams, money scams, globalists and so on.
In the second link, there is a pdf reply from the Bank of England to a Freedom of Information Act question. Have a look at it.
http://forumnews.wordpress.com/about/bank-of-england-nominees/
http://www.whatdotheyknow.com/request/bank_of_england_nominees_ltd

Bank of England Nominees Limited is a subsidiary of the BoE, and therefore does not control the BoE.

As for your statement that the BoE holds publicly owned debt, which I suppose you mean Treasury stocks, you know this is not correct. Central banks are normally not allowed to lend money to the government. The BoE’s main assets are loans to the banking system.
http://www.bankofengland.co.uk/publications/annualreport/2010/2010full.pdf

Kev, you are also conveniently forgetting something important. In the UK, under Labour, the regulation of the banking sector was taken away from the BoE and handed over to the Financial Services Authority. Are you suggesting that the Rotschilds of this world are in control of the FSA as well?