How the Federal Reserve and Bank of England Are Fueling Massive Global Inequality


I am going to share this and ‘reblog’ I really found it very interesting and thought you might also enjoy reading. Peace and I hope your holidays are happy- back to christmas cooking and wrapping packages

2012 The Awakening

Thu, 12/19/2013 – by Steve Rushton
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“Following World War II, the U.S. dollar was adopted as the world’s reserve currency against the wishes of the pre-eminent economist John Maynard Keynes,” Joel Benjamin tells me, “cementing the economic and political power of the U.S. Federal Reserve.”

Benjamin works as the local authority manager for the U.K. campaign Move Your Money and is investigating how much public money authorities lost in the financial crisis. Founded in early 2012, Move Your Money — which has parallel groups like this oneoperating in the U.S. — has helped over 2 million people in the U.K. transfer their finances from unethical too-big-to-fail banks to smaller, safer institutions.

The Federal Reserve holds a significant responsibility for the 2008 global crash, Benjamin explains. In particular, Alan Greenspan’s ultra-low interest rate policies — known as the “Greenspan put” — encouraged the housing…

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One thought on “How the Federal Reserve and Bank of England Are Fueling Massive Global Inequality

  1. An interesting article that confirms to us what we already knew. The influential in government and finance are unified in their efforts to earn more money. To win in this game you must participate. I do not see the connection to global inequality. That issue is the consequence of shareholders wanting maximum return. Thus keeping the cost of labor at the lowest possible rate is a corporate mandate. Laws that control and attempt to equalize financial compensation result in the Soviet Union, Venezuela, and Cuba. China has come to realize the need for private enterprise. Their economy is now booming.

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