{"id":17694,"date":"2016-02-12T12:05:40","date_gmt":"2016-02-12T17:05:40","guid":{"rendered":"http:\/\/olduvai.ca\/?p=17694"},"modified":"2016-02-12T12:05:40","modified_gmt":"2016-02-12T17:05:40","slug":"central-banks-are-trojan-horses-looting-their-host-nations","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=17694","title":{"rendered":"Central Banks Are Trojan Horses, Looting Their Host Nations"},"content":{"rendered":"

Central Banks Are Trojan Horses, Looting Their Host Nations<\/a><\/h3>\n
A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President\u2019s council of economic advisers (Joseph Stiglitz<\/a>) says that the International Monetary Fund and World Bank\u00a0loan money to third world countries as a way to force them to open up their markets and resources for looting by the West<\/a>.<\/div>\n
\n

Do central banks do something\u00a0similar<\/em>?<\/p>\n

Economics professor Richard Werner \u2013 who created the concept of quantitative easing \u2013 has documented that\u00a0central banks intentionally impoverish their host countries to justify economic and legal changes which allow looting by foreign interests<\/a>.<\/p>\n

He focuses mainly on the Bank of Japan, which induced a huge bubble and then deflated it \u2013 crushing Japan\u2019s economy in the process \u2013\u00a0as a way to promote and justify structural \u201creforms\u201d<\/a>.<\/p>\n

The Bank of Japan has used a heavy hand on Japanese economy for many decades, but Japan is stuck in a horrible slump.<\/p>\n

But Werner says the same thing about\u00a0the European Central Bank<\/a>\u00a0(ECB).\u00a0 The ECB has\u00a0used<\/a>\u00a0loans and liquidity\u00a0as a weapon<\/a>\u00a0to\u00a0loot European nations<\/a>.<\/p>\n

Indeed,\u00a0Greece<\/a>\u00a0(more<\/a>),\u00a0Italy<\/a>,\u00a0Ireland<\/a>\u00a0(and\u00a0here<\/a>) and other European countries have all\u00a0lost their national sovereignty<\/a>\u00a0to the\u00a0ECB<\/a>\u00a0and the other members of the\u00a0Troika<\/a>.
\n<\/span><\/p>\n

ECB head Mario Draghi\u00a0said<\/a>\u00a0in 2012:<\/p>\n

The EU should have the power to police and\u00a0interfere in member states\u2019 national budgets<\/strong>.<\/p>\n

***<\/p>\n

\u201cI am certain, if we want to restore confidence in the eurozone,\u00a0countries will have to transfer part of their sovereignty<\/strong>\u00a0to the European level.\u201d<\/p>\n

***<\/p>\n

\u201cSeveral governments have not yet understood that\u00a0they lost their national sovereignty long ago<\/strong>. Because they ran up huge debts in the past, they are now dependent on the goodwill of the financial markets.\u201d<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Central Banks Are Trojan Horses, Looting Their Host Nations A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President\u2019s council of economic advisers (Joseph Stiglitz) says that the International Monetary Fund and World Bank\u00a0loan money to third world countries as a way to force […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[57,124,418,434,460,4780,661,662,3953,12341,5510,888],"class_list":["post-17694","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-japan","tag-central-banks","tag-imf","tag-international-monetary-fund","tag-joseph-stiglitz","tag-looting","tag-qe","tag-quantitative-easing","tag-richard-werner","tag-trojan-horses","tag-washingtons-blog","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17694"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17694\/revisions"}],"predecessor-version":[{"id":17695,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17694\/revisions\/17695"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}