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Central Bankers’ Desperate Grab for Power

By Ellen Brown for TruthDig.Org, 17 Sept 2019:

Central bankers are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, admitted as much in a speech at the annual meeting of central bankers in Jackson Hole, Wyo., in August. “In the longer-term,” he said, “we need to change the game.” The same point was made by Philipp Hildebrand, former head of the Swiss National Bank, in a recent interview with Bloomberg. “Really, there is little if any ammunition left,” he said. “More of the same in terms of monetary policy is unlikely to be an appropriate response if we get into a recession or sharp downturn.”

“More of the same” means further lowering interest rates, the central bankers’ stock tool for maintaining their targeted inflation rate in a downturn. Bargain-basement interest rates are supposed to stimulate the economy by encouraging borrowers to borrow (since rates are so low) and savers to spend (since they aren’t making any interest on their deposits and may have to pay to store them). At the moment, over $15 trillion in bonds are trading globally at negative interest rates, yet this radical maneuver has not been shown to measurably improve economic performance. In fact, new research shows that negative interest rates from central banks, rather than increasing spending, stopping deflation and stimulating the economy as they were expected to do, may be having the opposite effects. They are being blamed for squeezing banks, punishing savers, keeping dying companies on life support and fueling a potentially unsustainable surge in asset prices.

So what is a central banker to do? Hildebrand’s proposed solution was presented in a paper he wrote with three of his colleagues at BlackRock, the world’s largest asset manager, where he is now vice chairman. Released in August to coincide with the annual Jackson Hole meeting, the paper was co-authored by Stanley Fischer, former governor of the Bank of Israel and former vice chairman of the U.S. Federal Reserve; Jean Boivin, former deputy governor of the Bank of Canada; and BlackRock economist Elga Bartsch. Their proposal calls for “more explicit coordination between central banks and governments when economies are in a recession so that monetary and fiscal policy can better work in synergy.” The goal, according to Hildebrand, is to go “direct with money to consumers and companies in order to enliven consumption,” putting spending money directly into consumers’ pockets.

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The moment some fat liberal fuck, working for an (((NGO))), informs 82 African invaders that they will be allowed to disembark into European civilization.

Italy’s new globalist government invites NGOs to offload more migrants

By ARTHUR LYONS 15 Sept 2019:

A migrant transport ferry that has been continuously shuttling mostly military-aged migrant men into Europe this summer has announced that Italy’s new Liberal government has permitted it to offload 82 migrants at Lampedusa island.

Seventy percent of the individuals onboard the ship are military-aged men.

The ‘Ocean Viking’, a migrant transport vessel operated by the NGOs SOS Mediterranee and Doctors Without Borders, announced Saturday that Italian authorities gave the ship the go-ahead to begin sailing to Lampedusa island.

The ship reported that it had been six days since it had picked up this latest group of migrants before it was given permission to dock. 58 men, six women, and 17 minors are currently onboard the ship.

Previously, under the nationalist-populist Salvini government, Italy’s ports were closed to these NGO human transporters.

Now that leftist globalists are back in charge of Italy, the ports have seemingly been reopened to the third world masses.

Italy’s new government will once again begin allowing NGO human trafficker helpers to bring as many loads of mainly military-aged migrant man into Europe as possible.

Italy ‘puts an end’ to Salvini era as 82 rescued migrants allowed to dock

First time in 2019 a charity boat allowed to disembark on Italian soil

The Independent, Andy Gregory:

3 days ago

82 migrants rescued by the Ocean Viking will be allowed to dock on Italian island of Lampedusa ( AP Photo/Renata Brito )
A rescue ship carrying 82 refugees has received permission to dock on an Italian island, suggesting the hard line taken on such vessels by Matteo Salvini’s former government may be easing under the new coalition.

Ocean Viking’s crew said that after days of appealing for a port of safety, Italian authorities instructed them to sail to Lampedusa, a small Italian island between Malta and Tunisia.

It is the first time in 2019 that Italy’s government has granted a charity rescue boat permission to disembark.

Italy’s previous government, under a rigid anti-migrant policy led by League’s ethnonationalist leader Mr Salvini, banned charity rescue boats from entering Italy’s waters and disembarking migrants on the country’s shores.

But earlier this month, Mr Salvini lost power after he pulled out of a coalition with the Five Star Movement in the hope of triggering an early election he felt confident his party could win.

Instead the Five Star Movement formed an unlikely coalition with the Democratic Party, whose leader Nicola Zingaretti said in a clear dig at Mr Salvini: “We intend to put an end to the season of hatred, rancour and fear.”

Democratic Party leaders promised a fresh approach to migration, and have previously called for a more humane policy on migrant rescue boats, many of which have been forced to make illegal landings to ensure the safety of their passengers as a result of Mr Salvini’s policies.

In June the captain of Sea-Watch 3 was arrested after ramming a border police boat to dock at Lampedusa. In other cases the Italian authorities have seized ships and imposed heavy fines.

The 82 adults and children rescued by the Ocean Viking had been fleeing Libya, where refugees are currently sent in a deal agreed with the EU.

Charity SOS Mediterranée, which is running the ship alongside Doctors Without Borders (MSF) said it had been offered port of safety by Libya, but had refused it as it was “not a safe place for rescued people to be returned to”.

Describing those rescued on Ocean Viking, MSF Sea wrote on Twitter: “They tell our medics their skin was burned with melted plastic and they were beaten with sticks. These are just the physical injuries. There are even more horrific stories of abuse and exploitation that have left many with psychological wounds or trauma.”

The passengers had been rescued from two smaller boats – one a rubber dinghy without a working engine launched from Libya by human traffickers – on 8 and 10 September.

On Thursday, a 23-year-old Nigerian woman rescued by the Ocean Viking gave birth to a baby boy after being airlifted to Malta with her husband the previous day.

France and Germany have each agreed to take in a quarter of those onboard, and Italy 10 per cent, according to AFP.

Germany and other EU countries have advocated finding at least an interim solution to the impasse over rescues in the Mediterranean Sea, ahead of a meeting of the bloc’s interior ministers on 23 September in Malta.

Italy’s current and previous governments have insisted on more solidarity from fellow European Union nations, saying the migrants set out on their journeys seeking asylum or better economic conditions in Europe as a whole, not necessarily Italy.

Foreign minister Luigi Di Maio, who heads the Five Star Movement, said the Ocean Viking was only being given access to the southern island of Lampedusa because other European states had agreed to take in many of those on board.

“The new government has reopened its seaports [to migrants],” Mr Salvini said on Twitter on Saturday. “Italy returns to being Europe’s refugee camp. Abused by ministers, who hate the Italians.”

Austrian School Economics at Work: The Subsidiarity of Times Beach Dioxin Disposal

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Massacre of My Lai, Vietnam, life, land, expresses incitement against White male being/midtdasein

Source of quotes, Laura Towler for Defend Europa, 14 Sept 2019.

Mosley addresses the White Post Modern concern in the following quote.

It is an interesting question as to how to manage White post modernity, and one that is eminently worth commentary, would have commentary feedback if White Nationalism could muster a modicum of intellectual pragmatism.

For particular reasons (falling for deceptive language games profusely slathered over the public, stupidity perhaps), the struggle can’t get past reactionary mode yet..

Perhaps an age, a period, would not decide entirely what to maintain and what to leave behind, but clearly Mosley meant that there are times for a people to band together in defense, to drastically curtail the more experimental ventures in order to protect their inherited forms, and those ways which remain conducive.

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...isn’t it great!?!

This History of “Political Correctness” remains the most incisive and accurate explanation of Political Correctness - also accurately described as “Cultural Marxism”.

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‘Give-em-Hell Trump’ re-normalizing social classification & discrimination - very good, but..

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The Leo Frank Case: The Lynching Of A Guilty Man reviewed by Alexander Baron

Barbara Spectre Is Back, in an Israeli summit of Jewish luminaries, including Rothschild, to unite worldwide Jewry and bring gentiles under yoke of Noahide law.

Barbara Spectre Is Back

...in summit with Jewish luminaries, held in Israel to unite worldwide Jewry in a “foundationalization’ of their common destiny.

...also discussed will be the obligations for the rest of mankind - the renewing of Noah’s covenant, The Noahide obligations incumbent upon all mankind.

...an international court based on biblical principles.