Crime Against Humanity: Pensée Unique in Economics, 68

To Werner, “monetary policy is the most powerful macroeconomic policy, since it not only affects economic growth, but can also reshape society. Given the power of monetary policy to control and allocate resources in the economy, it should be directly operated by an institution that is part of the democratic process, such as the ministry of finance or Treasury. Its operation should be transparent and accountable so that the overall goals of society can be reflected and deviations towards vested interest groups can be prevented or stopped early.”
My two cents, in view of the fact that the second usurpers of monetary sovereignty – banksters – can fool the first usurpers of it – rulers – as an alternative to buying them up as partners in crime, what appears as a fundamental truth is only reinforced: as expressed by Thomas Jefferson, not only “The issuing power should be taken from the banks and restored to the people, to whom it properly belongs”, but also “I know no safe depository of the ultimate powers of the society, but the people themselves”. And when Jefferson says ‘people’, to me he means ‘people’; not any of its “representatives”.

Why? Well, just for one thing, drawing on the main components of the Holy Grail listed above, not only the agenda of these individuals’s puppeteers is selling the world their “miracle cure”, but it includes as well actively causing and maintaining the illness and the suffering to exploit them as an instrument of blackmail to force the unaware world to accept it – and thus sink further into illness and suffering.
Werner again, “Bank of Japan’s Shirakawa (2001) … explains … how can monetary policy be helpful? It can be helpful, by not being helpful. Former Governor Mieno said that thanks to the recession everyone was becoming ‘conscious of the need to implement such transformation’. … According to prominent media reporting, then−Governor Hayami is convinced that Japan needs to undergo radical corporate restructuring and banking reforms before it can recover – and that he has a duty to promote this … Mr Hayami’s passion for reform also has a flavour of austerity. On paper, most economists – and politicians – think it would be sensible to offset the pain of restructuring with ultra−loose monetary policy. But Mr Hayami fears that if he loosens policy too quickly, it would remove the pressure for reform. In his own words of May 2000: ‘When the economy recovers … it might well be the case that efforts for structural reform might be neglected due to a sense of security’. … Present Governor Toshihiko Fukui has on several occasions reiterated his conviction that the recession of the 1990s had to be prolonged, in order to pursue structural change.”

Crime Against Humanity: Pensée Unique in Economics