Desperate Bankers' Ploy

(Conspiracy Nation, 12/13/07) -- “The Bank of England joined its counterparts in America, Europe, Canada and Switzerland in pumping billions of dollars, euros and pounds into the international money markets in a desperate attempt to ease the credit crisis.” (“Banks pump billions into crisis-hit markets”, by Edmund Conway. London Telegraph, Dec. 13, 2007)

Notice this is a “desperate” attempt. A separate article in the same British newspaper refers to the global gusher scheme as “the starkest illustration yet of the alarming scale of the collapse of credit.” (“A high-wire act from the central banks,” London Telegraph, Dec. 13, 2007)

If an American newspaper were saying things like “desperate” and “starkest illustration yet,” it would be ho-hum. Washington Puke, New York Slimes, Assembled Pests, etc. have a credibility problem. But some of the British newspapers still have honest reporters.

Other samples of Brit intelligence on the unusual cooperation between foreign central banks offer more clues. “World bankers resort to firebreak” headlines an article by Ambrose Evans-Pritchard. “Desperate times call for drastic action, but in a double-edged battle, liquidity lubrication has its limit,” writes Evans-Pritchard. He is the same reporter who, in the 1990s, came to the U.S. and wrote truthful reports about Bill Clinton. If you have followed the conspiracy news for awhile, you will recognize the name. Evans-Pritchard's honesty was so valued that we began calling him “Ambrose,” like a close friend.

“Borrowers are in rebellion and they owe an awful lot of money,” reports Carl Mortished in the London Times. (“Banks at bay over the colour of money,” Dec. 12, 2007)

“Desperate times”, “drastic action”, “borrowers in rebellion”, “starkest illustration yet.” Mounds of cash are being printed, so some banks can stay afloat. And the starkly desperate drastic bankers are sneaking to the back door of the “Fed” to get their fix. In America, at least, all depository banks “can draw from the tap anonymously, without the risk of being found out.” Everything is hush-hush. The global gusher scheme had been “fine-tuned in encrypted telephoned calls over the past month.” (“World Bankers Resort To Firebreak”, by Ambrose Evans-Pritchard. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/13/ccbanks213.xml)

In other news, the mysterious inflation has appeared. We know not whence it comes. It is a strange visitor from another planet. Of course, various central bankers are “inflation hawks”, but the darn critter has been managing to evade vigilance ever since Richard Nixon closed the gold window.

The Assembled Pests, also known as the AP, tries to be reasonable: “If not for the bankers, people could not afford houses!” they keep saying. No one is saying anything like, “If not for the bankers, houses would be affordable. The E-Z Credit inflates the house prices and forces people to borrow.” No one is saying anything like that.

So get this. Some bankers are over-extended. Other bankers run a “Federal” Reserve, also a bank. “Can you print us some money? We need to pay our debts,” say some bankers during encrypted phone calls. “Sure thing, can do,” replies their banker buddy at the “Fed.”

Or how about this? You yourself are over-extended. So you make an encrypted phone call to the “Federal” Reserve. “Can you print me some money? I need to pay some debts,” you whisper. Will Banker Bernanke be a good buddy to you also? Can you too, in “the great free market”, come 'round to the back door at midnight?

Conspiracy Nation

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