There appears to be a growing power struggle behind the scenes on several major fronts in the global financial world. These three links give us some insight into the infighting that must be happening away from public and media scrutiny or awareness in just one area of insider conflict.
As many readers know, Sen. Rand Paul of Kentucky, now a presidential candidate, has a bill in the US Senate to audit the US Federal Reserve Board. A third of the US Senators have already signed on as co-sponsors to the bill, which clearly has the Fed worried. The first link reports how lame the Fed’s objection is on this topic. It notes that since the US Congress surrendered control of the USA’s money supply and monetary policy to the Fed, the Fed’s “own poor record …has seen the [US] dollar lose 96 percent of its value during the Fed’s 102 years of oversight,” plus it notes the record of depressions under the Fed’s control of US monetary policy.
If you had a stockbroker lose 96% of the value of your portfolio, wouldn’t you want his management of your account audited to see if he churned your account or invested your funds unwisely or illegally? I think any one would. However, the Fed wants no scrutiny of what it has done with the USA’s money policies and supply. The first link even cites the Fed’s auditor has no “jurisdiction to directly go and audit reserve bank activities.” This confirms the Fed has gone unaudited, apparently for all 102 years of its secretive control over US currency and monetary affairs. The situation practically screams out for a full forensic audit of the Fed and all its contacts with the central banks around the world, with the officers of the big mega banks, and also to see if its officers and employees have “leaked” word of impending Fed policy actions and changes to favored corporations, hedge funds, banks and private investors and their relatives so they can make “insider” deals on foreknowledge of the Fed’s imminent actions. Such a thorough investigation could result in criminal charges for insider trading.
No secret society wants its internal affairs and shenanigans to be investigated in the full light of day. The Fed is one of the most powerful secret societies of all time. Given the near-collapse of the global financial/ monetary system in 2008, it is especially vital to have auditors apply intense scrutiny to the Fed’s actions since 2008 as taxpayer funds were used liberally to bail out large financial institutions. Remember Lord Acton’s famous maxim that “Power corrupts, and absolute power corrupts absolutely.” Given that the Fed has exercised absolute power over the nation’s money system for 102 years and has acted in near absolute secrecy without meaningful oversight, is it possible a thorough forensic audit of all the Fed has done will reveal “absolute corruption” within the Fed?
The second link has some very revealing comments by Mohammed El-Erian, the former CEO of Pimco, a large and well-respected financial institution. He states his view that “most asset prices have been pushed by central banks to very elevated levels.” That speaks volumes! He is asserting that the Fed and other central banks have pushed up the prices of stocks and equities to prices that they never would have reached without Fed and central bank manipulations. El-Erian adds that they have done so by “artificially lift[ing] asset prices by maintaining zero interest rates and by using their balance sheets to buy assets.” In other words, I take this to mean that the Fed and other central banks have bought stocks and equities to artificially prop up their prices and they have bought these stocks with fiat money (“from their balance sheets”) that was created out of thin air. It is a scary thought for the layman to think stock prices are as high as they are only because they are riding a wave of funny money created by the central banks of the world. If this is the case, the entire global financial system is propped up by a proverbial “house of cards.” Yet that is what Muhammad El-Erian seems to be asserting.
The final link also has revelatory comments in it. In commenting about needed and possible changes to the world’s banking system, it states flatly; “The universal banking model is broken…” I’ll bet you didn’t hear that stated by the “cheerleaders” in the world’s financial media. It also admits that the great financial crisis of recent years was “brought on in great part by these banks” (the article lists a number of the global mega banks as some of the main offenders). The general theme of the article is for big mega banks to be busted up into smaller entities, and even cites a comment from the respected magazine, The Economist, that “The financial arguments for global banks no longer appears convincing.” Interestingly, it cites the call by Goldman Sachs that its rival mega bank, J.P. Morgan, be “split into two, three or four institutions.” This seems like the classic case of “people in glass houses shouldn’t throw stones.” If that logic applies to J.P. Morgan, then it surely applies to Goldman Sachs and all the other American and global mega banks. That logic argues that Goldman Sachs should also be broken up into as many as four separate new units.
These above facts indicate that there are immense stresses building up in the global financial and banking systems, and that the public is only occasionally being given mere glimpses into how bad that struggle really is. Revelation 17-18 prophesy that our current global financial/monetary systems will collapse utterly at some point in the latter days, overthrown by a rebellious power bloc called the “seven heads and ten horns” in Revelation 17. That is a cryptic metaphor that is not given to ready understanding yet. However, what we can see happening in global financial systems indicates a war is going on behind the scenes. This post is long enough so I won’t take the time to describe the growing stresses building up in the petrodollar market, the rival Asian Financial blocs and the gradual shift of control over precious metals markets to China’s Shanghai Metals Exchange instead of the US Comex and the London Metals Exchange. An earlier post some months ago documented the large numbers of global financial and banking executives who were turning up dead under mysterious circumstances. It may be that the battle between the current “Babylon the Great” system and the currently-unrevealed “seven head and ten horns” has been going on for some time. If that is the case, we may be nearing the end of the current global financial/banking system, but I will not be one of those who predicts any particular month or year for this occurrence. It will happen on God’s timetable.
Those who would like access to some rather startling information about the origins of the modern banking system and why the Bible calls it “Babylon the Great” are urged to read my article, The Babylonian Origin of the Modern Banking System. I think you will find it to be both surprising and timely.