The Monarchs Of Money – A Brief Documentary on the World’s Most Powerful Cabal

“Can you imagine if the American public knew there was this ‘club’ that met secretly in Switzerland and made decisions that dramatically affected their lives, but we’re not going to tell you about it because it’s too complicated.”

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The Monarchs Of Money

The world’s central banks have printed unimaginable amounts of money in recent years. Neil Macdonald explores what this means for the global economy and for your financial well-being.

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One Response to “The Monarchs Of Money – A Brief Documentary on the World’s Most Powerful Cabal”
  1. JEHR says:

    I understand that this is the first in a series of programs. I was hoping it would be a little more hard-hitting by naming how the five largest banks in Canada were injected with “liquidity” after the 2008 crisis, some to the tune of 100% of their equity. (See: http://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2012/04/Big%20Banks%20Big%20Secret.pdf chart on page 6)

    The series also did not mention that some Canadian banks borrowed funds in the billions from the US Federal Reserve Discount Window. See: page 14 in the above document. One bank received money from TARP via AIG bail money to Goldman Sachs.

    Now we see that Canadian banks are TOO BIG TO FAIL ( http://www.thestar.com/opinion/commentary/2013/04/03/all_of_canadas_major_banks_too_big_to_fail_goar.html ) which just means when they become insolvent, the government will bail them out. We should also mention that in the latest Harper/Flaherty budget, there is a bail-in provision which means depositor’s funds can be used to make an insolvent bank whole.

    Do you feel that our banks are safe?

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