Dispelling Naiveté in Socio-Political-Economic Caste Systems 101
On SeekingAlpha, Pompano Frog commented: "The Central Bank has no political constituency."
TAS commented: "To assume that the "Central Bank" - the Fed, has no political constituency has me reeling with laughter."
Pompano Frog: "TAS.. I truly do not understand your comment.. What are the political constituencies of the FRB? If I knew I would like to support them."
The Nattering One muses: Oh, PF, I think you are missing the point. How long have you been cloistered in a class or textbooks? Or what are you on? Please, don't Bogart, share some with the rest of your SA classmates. Like a primary dealer, I just hate to burst a bubble and soil some cherished memories, but....
Below, a list of most of the primary dealers operating in North America, Europe and Asia (**operating on only two continents) which you are free to support, or not:
Goldman Sachs
JP Morgan
Merrill Lynch
Citigroup
Deutsche Bank
Morgan Stanley
Barclays
Credit Suisse
Nomura
BNP Paribas
Royal Bank Scotland
UBS
Societe Generale
HSBC **
Credit Agricole **
Daiwa **
Mizuho **
Bank of Nova Scotia **
Jefferies **
These are the PRIMARY DEALERS of the FED, ECB and BOJ. Contrary to popular belief, other than in name, central bank policies such as serial asset bubbles, misallocation or subversion of capital, economic suppression, repression, oppression and aggression (war via predatory debt) are NOT carried out by the central banks.
Once central banks "create" money, lend it and purchase or lend out securities, the central bank loses control over that capital. It is the DEALERS who decide what to DO with the capital. The policies which disincentivize or incentivize certain behaviors with that capital, are dictated to the central banks by their constituencies. Who is that?
In effect, it is NOT governments, corporations, nor the public, who are the policy makers AND the central bankers political constituency, it is the DEALERS AKA the House of Finance.
It is a dramatic rouse for public consumption that any "decisions" which are "made" by a central bank or government arm have affect or effect. Central banks, as are governments, are manned by "selected" bureaucratic figureheads who are merely whores in bed, as in bought and paid for by the their constituencies, the dealers, and other special interests.
One does not get to this level in "the game", without politburo sponsorship. Do not be confused, it is a politburo, because behind closed doors, there is no difference between parties. They are all wealthy lawyers in trust, loyal to none and sworn to their constituencies (special interests). That democratic fantasy is an illusion which is divisive, separatist, polarization for public consumption creating gridlock by design, maintaining the status quo.
This is how all government (legislative, executive, judicial) policy, corporate policy and monetary policy at all levels, is effected globally.
The elevator version: The money talks, the bullshit walks.
Pompano Frog: "Oh, I see we should instead adopt this "austrian" fantasy theory whose existence in the real world is nowhere."
I know not, nor care about "Austrians" or "Keynesians" or their well documented in practice, macro economic BS textbook fantasies. Nevertheless, that was quite the bubble to pop, wrought with repetitive "baked in through media programming" and idyllic "school yard parrot food fed" fantasies to soil.
On that note, don't forget, our dollar and debt IS the trade, which is our major export and economic base, We ARE the Arabs and the elevator version: The money talks, the bullshit walks. This session of Dispelling Naiveté in Socio-Political-Economic Caste Systems 101 is dismissed.
TAS commented: "To assume that the "Central Bank" - the Fed, has no political constituency has me reeling with laughter."
Pompano Frog: "TAS.. I truly do not understand your comment.. What are the political constituencies of the FRB? If I knew I would like to support them."
The Nattering One muses: Oh, PF, I think you are missing the point. How long have you been cloistered in a class or textbooks? Or what are you on? Please, don't Bogart, share some with the rest of your SA classmates. Like a primary dealer, I just hate to burst a bubble and soil some cherished memories, but....
Below, a list of most of the primary dealers operating in North America, Europe and Asia (**operating on only two continents) which you are free to support, or not:
Goldman Sachs
JP Morgan
Merrill Lynch
Citigroup
Deutsche Bank
Morgan Stanley
Barclays
Credit Suisse
Nomura
BNP Paribas
Royal Bank Scotland
UBS
Societe Generale
HSBC **
Credit Agricole **
Daiwa **
Mizuho **
Bank of Nova Scotia **
Jefferies **
These are the PRIMARY DEALERS of the FED, ECB and BOJ. Contrary to popular belief, other than in name, central bank policies such as serial asset bubbles, misallocation or subversion of capital, economic suppression, repression, oppression and aggression (war via predatory debt) are NOT carried out by the central banks.
Once central banks "create" money, lend it and purchase or lend out securities, the central bank loses control over that capital. It is the DEALERS who decide what to DO with the capital. The policies which disincentivize or incentivize certain behaviors with that capital, are dictated to the central banks by their constituencies. Who is that?
In effect, it is NOT governments, corporations, nor the public, who are the policy makers AND the central bankers political constituency, it is the DEALERS AKA the House of Finance.
It is a dramatic rouse for public consumption that any "decisions" which are "made" by a central bank or government arm have affect or effect. Central banks, as are governments, are manned by "selected" bureaucratic figureheads who are merely whores in bed, as in bought and paid for by the their constituencies, the dealers, and other special interests.
One does not get to this level in "the game", without politburo sponsorship. Do not be confused, it is a politburo, because behind closed doors, there is no difference between parties. They are all wealthy lawyers in trust, loyal to none and sworn to their constituencies (special interests). That democratic fantasy is an illusion which is divisive, separatist, polarization for public consumption creating gridlock by design, maintaining the status quo.
This is how all government (legislative, executive, judicial) policy, corporate policy and monetary policy at all levels, is effected globally.
The elevator version: The money talks, the bullshit walks.
Pompano Frog: "Oh, I see we should instead adopt this "austrian" fantasy theory whose existence in the real world is nowhere."
I know not, nor care about "Austrians" or "Keynesians" or their well documented in practice, macro economic BS textbook fantasies. Nevertheless, that was quite the bubble to pop, wrought with repetitive "baked in through media programming" and idyllic "school yard parrot food fed" fantasies to soil.
On that note, don't forget, our dollar and debt IS the trade, which is our major export and economic base, We ARE the Arabs and the elevator version: The money talks, the bullshit walks. This session of Dispelling Naiveté in Socio-Political-Economic Caste Systems 101 is dismissed.
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