Through the institutionalisation of Keynesian economic principles, and the embedding of fiscal and monetary policies within global financial institutions, the 1944 Bretton Woods Conference laid the foundation for a new economic order.
Very helpful and clear. Looking back over 90 years since the founding of BIS, what occurs to be me again and again is that the electorates seem never to have been concerned about the steady accumulation of power in the hands not only of fewer people, but people & institutions entirely beyond any pretence of democratic control.
While I would not be expected to notice this steady trend, that nobody who noticed spoke about it indicates that there was institutional censorship, formal or informal, and media cooperation in not questioning the developments.
i would agree to an extent, the MSM has certainly been used to distract. for instance -
the BIS negotiations took place EXACTLY as the markets were crashing in 1929. this is legit not a joke.
Bretton Woods negotiations took place a week after D-Day, with absolutely everyone focusing on... er... a boring bank conference, right?
but i think there's a secondary concern here, because their conniving scheme genuinely is brilliant. i strongly disagree with all they've done, but you have to respect the quality of intelligence and capacity for rolling this out virtually flawlessly. sure, there have been hiccips, but given the complexity of the scheme, the execution has been imperssive.
The USA is unique in that the central bank via the Constitution is accountable to Congress (although never questioned). In this way fiscal policy in the purview of Congress and monetary policy that of the central bank. Expect moves to change the Constitution so as to make both placed in the central bank responsible to no one.
Very helpful and clear. Looking back over 90 years since the founding of BIS, what occurs to be me again and again is that the electorates seem never to have been concerned about the steady accumulation of power in the hands not only of fewer people, but people & institutions entirely beyond any pretence of democratic control.
While I would not be expected to notice this steady trend, that nobody who noticed spoke about it indicates that there was institutional censorship, formal or informal, and media cooperation in not questioning the developments.
i would agree to an extent, the MSM has certainly been used to distract. for instance -
the BIS negotiations took place EXACTLY as the markets were crashing in 1929. this is legit not a joke.
Bretton Woods negotiations took place a week after D-Day, with absolutely everyone focusing on... er... a boring bank conference, right?
but i think there's a secondary concern here, because their conniving scheme genuinely is brilliant. i strongly disagree with all they've done, but you have to respect the quality of intelligence and capacity for rolling this out virtually flawlessly. sure, there have been hiccips, but given the complexity of the scheme, the execution has been imperssive.
Yes, I share exactly that admiration for their sneaky adroitness. Rarely a big enough move to present a target that’s easy to define.
The USA is unique in that the central bank via the Constitution is accountable to Congress (although never questioned). In this way fiscal policy in the purview of Congress and monetary policy that of the central bank. Expect moves to change the Constitution so as to make both placed in the central bank responsible to no one.
... already moving forward in the UK...
https://escapekey.substack.com/p/in-tandem?utm_source=publication-search