Today's Daily Ring continues focusing on Max Keiser and his ire in regards to the role of Central Banks as they continue to destroy world markets. At the end of the series we will look at The Central Bank of Canada and its monetary policies and perhaps take a look at present governor Mark Carney.
Before going on to Max I would like to refer to the article written by Ron Paul and published at http://www.lewrockwell.com/ entitled "Audit Bernanke."
Ron Paul is a Congressman from Texas and is a frontrunner running for presidential candidate on the Republican ticket.
Mr. Paul has always stood for changes to (if not a downright axing of) the Federal Reserve Bank - and he has taken that stance from the time he entered polictics three decades ago.
And now - due to what some fear as a worldwide economic crash looming - his criticism of The Fed' is being focused on by a large and exponentially growing American populous - those who have moved on to or grown up with the internet as a source of news as opposed to what they call mainstream media (MSM) which they believe is manipulated by the special interests of corporate ownership.
The Congressmsn/MD from Texas believes the Central Bank's meddling in the market place through the setting of interest rates is the main culprit killing the economy (lack of business) and causing inflation (the ability for people to consume).
This leads to a classic "Catch-22" situation - if people can't afford to buy - there is no business. If no one is hiring - no one is buying.
To have a better understanding of how regulations (such as interest-rate setting) kill economies go to http://www.thedailybell.com/. and read ( ...?).
Make sure you click on the green high-lighted "regulatory democracy" to get insight into how the free-market mind of Ron Paul and his article publisher Lew Rockwell work when thinking about economies and their underlying structures.
I suggest all Canadians read both Mr. Paul's article and The Daily Bell along with all Max's news and videos (antics and all) because a combination of these three gives a great insight into the central banking system (TCBS) because it is the system itself that we are really focusing on. Aside from The Central Bank of Canada and The Federal Reserve Bank there are over 100 central banks worldwide.
So we here at the CC feel it is critical to understand this system. If there is an economic crash worldwide (a super-nova of a depression) then does it not make sense to look at the system that sets monetary policies in the100 economies that drive the world markets and are on the brink of collapse?
Now to be clear - Max is not a free-marketer (he may be a combo' _ I'm not sure how to slot him yet other than to say he firmly believes in capiyalism) - however the system of central banking is is where they all agree.
Max and Alex Jones at http://www.inforwars.com%20continue%20on%20their%20%22arrest%20a%20central%20banker%20campaign%22%20-%20no%20news%20there%20yetncehe/ is in agreeis.ian
Now go to todat's Keiser Report at http://www.rt.com/ and go to Keiser Report #
We'll meldtalk tomoorow about$
Terry
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