~ T-2007-2008-C-WTCO-ALRBS-IWPWCITHOTLACOS-STC-CB-HPMI-PB-TA-UMPPC-QE(QE) ~ The – 2007-2008 – Crisis – Was The Consequence Of – A Loosely Regulated Banking System – In Which Power Was Concentrated In The Hands Of Too Limited A Cast Of Speculators – Since The Crisis – Central Banks – Have Pumped Money Into – Private Banks – Through An– Unconventional Monetary Policy Process Called – Quantitative Easing (QE)

~ QE-IAOCTTEA-CB-MEM-AT-IIBAFM-IRFPBOS(OS)-A-‘CM’-S ~ QE – Is An Overtly Complex Term That Entails A – Central Bank – Manufacturing Electronic Money – And Then Injecting It Into Banks And Financial Markets – In Return For Purchasing Bonds Or Securities (Or Stocks) – A – “Conjured-Money” – Scheme

~ B-TLOGUTSO-ATW-TS-A-LR-GTTCAITEIRP-U-TBSBACTTC-CTA-A-PFTTCTBT-AAO ~ Banks – The Larger Ones Gobbled Up The Smaller Ones – Along The Way – Their Size – And – Loose Regulations – Gave Them The Confidence And Impetus To Engage In Riskier Practices – Ultimately – They Became So Big And Complex That They Could – Create Toxic Assets – And – Provide Financing To Their Customers To Buy Them – All At Once

~ TGSFTM-T-DQES-CBL-PTNTTW-HTGE-TCHBFFTT-TW-NDC-NL-NR-TD-T-CM-I-HRP-PBWUNOTDAWTCMTDWTD ~ To Garner Support For Their Multi-Trillion-Dollar Qe Strategies – Central Bank Leaders – Peddled The Notion That They Were – Helping The General Economy – That Couldn’t Have Been Further From The Truth – There Was – No Direct Channel – No Law – No Requirement – To Divert – The – Cheap Money – Into – Helping Real People – Private Banks Were Under No Obligation To Do Anything With This Cheap Money They Didn’t Want To Do

~ TDW-HASROSMCC-ITWCBSMI-ICGIS-A-ANCE ~ The Danger With – Having A System Rely On So Much Conjured Capital – Is That When Central Bankers Stop Manifesting It – It Could Go Into Shock – And – A New Crisis Emerge

~ T-GFSE-MUISL-TTEOCATTAMM ~ The – Global Financial System Elites – Meet Up In Swanky Locations – They Take Each Other’s Calls And Tend To Avoid Mere Mortals

~ CBANEBV-YTPAG-TPPUTAO-SP-AFE-A-M(ASALO)I ~ Central Bankers Are Not Elected By Voters – Yet They Play At Government – They Promote PolicIes Under The Auspices Of – Stabilizing Prices – Achieving Full Employment – And – Maintaining (A Somewhat Arbitrary Level Of) Inflation

~ POTU ~ Power Of The Unelected

~ TINEALGOT-QMA ~ There Is Nothing Easy About Letting Go Of The – Quantitative Money Addiction

~ EOADOAMADIABNRAEOFS-EIIBMTHH-ITF-OETP-O-CMWTS-MROIWT ~ Existing On A Diet Of Artificial Money And Demand Is Anything But Normal For An Economic Or Financial System – Even If It Boosts Markets To Historic Highs – If The Flow – Or Even The Possibility – Of – Conjured Money Was To Stop – Markets Relying On It Would Tank

~ ABPOTFCACBCWTRIEATSASTN ~ Another By-Product Of The Financial Crisis And Central Bank Collusion Was The Rise In Economic Anxiety That Spawned A Swing Toward Nationalism

~ BCBOBPSAGO-TAOOCOTETA-TVBTCFWTDAPRITWEARSITWOCFTRFTP ~ Because Central Banks Operate Beyond Public Scrutiny And Government Oversight – They Are Only Occasionally Called On To Explain Their Actions – They Vacillate Between Taking Credit For What They Deem Are Positive Results In The World Economy And Remaining Silent In The Wake Of Catastrophic Failures That Result From Their Policies

~ WNADR-WADOORP-WAHFAECC ~ We Need A Debt Reset – Without A Debt Overhaul Or Relief Program – We Are Headed For Another Epic Credit Crisis

~ IO-FSBATHOTBPB-CB-SFLIARP ~ Instead Of – Financing Speculative Bubbles At The Hands Of The Big Private Banks – Central Banks – Should Finance Large Investment And Recovery Programs

~ WS-BUTB-STTCHPDHDTNC-IOTODTFTWTAO ~ We Should – Break Up The Banks – So That They Can’t Hold People’s Deposits Hostage During The Next Crisis – It Only Takes One Domino To Fall To Wipe Them All Out

~ I-TIFC-TCWNBB ~ In – The Inevitable Financial Crash – These Conjurers Will Not Be Blamed

~ T-WE-R-I-AOGTTCB-AFDFS-AHFP ~ The – World Economy – Remains – Imperilled – An Opportunistic Game To The Central Banks – A Field Day For Speculators – A Hazard For Populations