Power Shift: First in a series on the rise of the central bankers and the global imposition of cheap credit
Quietly, without much public fuss or discussion, a new ruling class has risen in the richer nations.
These men and women are unelected and tend to shun the publicity hogged by the politicians with whom they co-exist.
They are the world's central bankers. Every six weeks or so, they gather in Basel, Switzerland, for secret discussions and, to an extent at least, they act in concert.
The decisions that emerge from those meetings affect the entire world. And yet the broad public has a dim understanding, if any, of the job they do.
In fact, these individuals now wield at least as much influence over the lives of ordinary citizens as prime ministers and presidents.

© International Monetary Fund
See the surge in central bank holdings, the printing of new money, beginning in the spring of 2008 with the bank bailouts and the acquisition of long-term securities to keep interest rates down.
Comment: Comment: 'Quantitative easing' has been around as long as civilization(s) have relied on money. Economic historians refer to it as 'currency debasement':
Gold, currency debasement and the fall of the Roman Empire
The Telegraph, UK
April 15, 2013
What's happening to fiat currency, they note, is much the same as what successive Roman emperors did to the denarius - debasing it to the point of near worthlessness. They quote The Collapse of Complex Societies by US anthropologist Joseph Tainter, which argues that monetary collapse was one of the main reasons for the Fall of the Roman Empire.
"By debasing currency, increasing taxes and imposing stringent regulations on the lives of individuals, the Empire was, for a time able to survive. It did so however by vastly increasing its own costliness and in doing so decreased the marginal return it could offer its population. These costs drained the peasantry so thoroughly that population could not recover from outbreaks of plague, producing lands were abandoned and the ability of the state to support itself deteriorated."
Roman emperors
had to do all the same things our 'monarchs of money' are doing today
because everything was going to pot! Yes, certain types are well-positioned to take advantage of the chaos to enrich themselves (and thus speeding up the crash and spreading mass misery through society) - the senatorial class in Rome, the goldsmiths in medieval times and the banksters on Wall Street today - but given what we now know of the climatological and environmental factors that repeatedly bring down civilizations, it is probably more accurate to say that monetary collapse is a
symptom of economic downturn, and not a cause...
Comets and the Horns of Moses
Comment: There isn't a sinkhole deep and wide enough to bury Britain's crimes against humanity in. Much of the world's problems descend from - and continue to be perpetrated by - the nexus of British military, corporate and financial entities based in London.