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WealthCycles: Unelected ‘Monarchs’ Determine Economic Winners, Losers
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
History is not reassuring: In recent years the central banks have been wrong with their forecasting as often as they have been right. And when they call it wrong there is very little we the people can do about it.
Exactly who are the Monarchs of Money? Can you name any of them? Prior to the financial crisis of 2008, these monarchs were mostly unexciting, unknown—at least to Main Street—men in grey suits. Times have changed, however, and today you likely can at least claim knowledge of Ben Bernanke (Federal Reserve Chairman) and maybe even Mario Draghi (President of the European Central Bank).
In today’s video clip, reporter Neil McDonald of the CBC, or Canadian Broadcasting Company, seeks to uncover the who, what, where and why of these “Monarchs of Money.”
For some, the political independence of these monarchs is a good thing. Their independence means that they are free to act, free of political pressure, free to do what they deem to be best for the economy. And, by some accounts, it is these central bankers—the Monarchs of Money—that executed the strategies that saved the world from catastrophe during the 2008 crisis.
Source: http://silveristhenew.com/2013/06/05/unelected-monarchs-determine-economic-winners-losers/
