Chancellor George Osborne is restoring the Bank of England's power. He believes this will stabilize the British economy, which is in very bad shape. Some experts give Britain just five years before it goes bankrupt.
It's the world's central banks that are really in control. Central banks like the Fed are behind this global crisis. So, it's ironic that British Chancellor Osborne, immediately after being elected, gives more power to the Bank of England.
In the US, President Barack Obama is a person from a humble beginning. England's Chancellor, George Osborne, comes from a privileged background. Will both men, one born rich and one born poor, give more power to central banks? It should be interesting to watch how these leaders from very different class backgrounds use their power to restore the dignity to two economic powers, the US and England. Both countries are in serious economic trouble. If these leaders fail, the world's economy will crash.
It's important to carefully watch what our leaders do. The fate of the world is in their hands.
I find it interesting that Chancellor Osborne is giving more power back to the Bank of England. It's exactly what the ultra rich want. They want the economy to weaken and the people to transfer more power to them. The ultra rich control the world via their mega corporations, BP for example, and their banks. Because the ultra rich have so much power over the economy, they also have the power to control the central banks, which in turn control you and me via the government. As Mayer Rothschild once said, "Give me control of a nation's money supply and I care not who makes its laws."
It makes little difference who it is that runs a country - rich men or poor men, Conservative or Labour, Republicans or Democrats, Socialists or greenies - in the end, the richest people in the world control the world via their central banks, which control our governments.
