The destiny of the world is now in the hands of 6 central banks, Fed, ECB, BoE (England), PBOC (China), BoJ (Japan), SNB (Swiss). This in itself bodes extremely badly for the global financial system. This is like putting the villains in charge of the judicial system. For decades these central banks have totally abused their power and taken control of the world monetary system for the benefit of their banker friends and in some cases their private shareholders.
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The Bank of Canada has made a second unscheduled cut to its benchmark interest rate, lowering it to 0.25 per cent amid the COVID-19 crisis.

The central bank made the announcement in a news release on Friday morning.

The overnight lending rate is what the bank charges for short-term loans between retail banks, but it impacts the rates that Canadian consumers get from their banks on things like savings accounts and variable rate loans.

Turn on the news and chances are the story concerns the special class. History books are mostly chronicles of the special class—their wars, machinations, depredations, follies, all-too-rare wisdom, monuments to themselves, and the invasions and revolutions that occasionally upend them. It goes far beyond propaganda or brainwashing, it is simply an ingrained fixation, accepted by virtually everyone, that attention must always be on the special class and its…

The concept of using the economy as a weapon is not an alien one to most people. Generally, we understand the nature of feudalism and how various groups can be herded onto centralized plantations to be exploited for their labor. Some people see this as a consequence of “capitalism,” and others see it as an extension of socialism/communism. Sadly, many people wrongly assume that one is a solution to the other — meaning they think that crony capitalism is a solution to communist centralization or that communism is a solution to the corruption of crony capitalism. The reality is that this is just another false…

"Negative interest rates and high inflation are a deadly combination that could further destabilize the already fragile union in the future. With less physical currency circulating, these trends ensure that the impact of any additional central bank policies will be maximized. If economic conditions deteriorate, the threat of citizens pulling cash out of their accounts and starting a bank run is eliminated in a cashless system. So long as the people’s wealth is under centralized control, funds can be shifted at will to conceal any underlying problems.
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Weapons bought from other countries can be paid for only with borrowed money, because the Government of Ukraine is basically broke and soaring even deeper into debt, and is sharply cutting back on pensions and other expenditures than military, which is receiving the Government’s virtually total focus. Any added loans will never be able to be paid back, because Ukraine will not be able to pay back all of the existing loans. Consequently, all countries that are now ‘lending’ additional funds to Ukraine are simply donating to Ukraine.
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