In this report I look at the early market action from London on Thursday, May 17th, 2018. I look briefly at precious metals, the stock market, the dollar and interest rates. I note that the U.S. 10-year yield continues to move higher as it touched a new four and a half year high of 3.12% today.
The main topic of this report is the nature of central banking and how the institution represents the antithesis of freedom, prosperity and peace. I briefly go over the history of central banking over the last three hundred years and show how it has been an institution that has made massive wars, inflation and misery to spread throughout the world.
I look as far back as 1694 when the Bank of England was founded, all the way forward to 1913 when the Federal Reserve was written into law and finally to 1964 when a CIA led military coup in Brazil led to the creation of the Brazilian Central Bank. I also note that centralised credit or State banking is one of the planks of Karl Marx's Communist Manifesto.
My conclusion is that getting rid of central banking is the most important issue in our time if we want to make a move away from endless ward, ever rising debt levels and economic misery.
10 planks of the Communist Manifesto: http://laissez-fairerepublic.com/tenplanks.html
▶️ DTube
▶️ IPFS
Thank for sharing my dear friend
sir I support your opinion.I respect your analyses.
Thanks @joniprins. We need to spread the message!
Thank you for your contribution on Steemit and let’s together get rid of central bank sooner than later :)
Good morning maneco64, thank you for the updates, always appreciated my friend, sir william patterson i suggest, along with montague founders of the BOE is a character people should look in to, as regards bankrupting scotland with a scammy con darien scheme in to the expanding of the union. have a great day :)
Thanks Andrew. I will have to look into Sir William Patterson. Have a great day too!
Interesting post.
Logical analysis sir @maneco64..
Resteem and upvote done..
Thanks for telling the truth about Central Banks!
thank you for the contribution @maneco64
I am
follow your all video
Thank you for the interesting video!
@maneco64 Would you say that hyperinflation is occurring in the housing market at the moment? Is that the result from 10 years of QE rather than the cost of bread going up in price significantly more than it has? You do good work, by the way, please keep it up.
... TIME TO QO ...
https://steemit.com/banking/@smart3dweb/you-will-face-us-you-will-remember-us-you-will-you-all-will-remember-faces-of-3-480-fallen-souls-no-more
... TIME TO QO ...
Thanks this is eye opening. I could never have imagined such a marxist America.