"This network of privately owned central banks are like the multi-headed mythical hydra serpent with each head implanted in a separate country devouring its natural resources and siphoning them into its main body; the super wealthy power elite."

THE ECONOMIC HYDRA

by: Dr. Elias Akleh

Economic crises are lately sweeping the globe like a contagious virus. They started in the US, the strongest economy in the globe, and then crept onto most European countries. They degraded the value of the American Dollar, the European Euro, and all international currency that use them as money reserve. The crises had led to what is referred to as austerity measures; cutting down luxury expenses, but instead the cutting down was on the necessary expenses; budget cuts on major social services including education, health, unemployment benefits, and social security, increase of taxes and educational tuitions, loss of jobs leading to homelessness and poverty, loss of businesses, increase of retirement age, theft of retirement funds and attempts to tab into social security funds, among many other devastating measures.

These economic crises, we are told, were created by the governments’ inability to repay debts and interests taken to cover the alleged global wars against terror. The important questions I like to pose in this regard are: who are the debtors and where did they get the debt money from?

...Through their wealth and political influence the power elite had established a network of privately owned central banks in many countries, whose job is to print money out of thin air, not backed by any real value of precious metals, loan them to governmental central banks through Fractional Reserve Banking system and charge them interest. The American Federal Reserve Banks, The Bank of England, the IMF, and the European Central Bank (ECB) are just few examples of these major privately owned central banks.

This network of privately owned central banks are like the multi-headed mythical hydra serpent with each head implanted in a separate country devouring its natural resources and siphoning them into its main body; the super wealthy power elite. In Greek mythology the hydra is a multi-headed serpent monster guarding the entrance to the underworld. It was said that when cutting off one of its heads two more would grow instead. As part of his twelve labors Heracles was supposed to kill the Hydra. With the help of his nephew, Lolaus, Heracles was able to kill the hydra by cauterizing the neck of each head he cut off preventing it from multiplying until he cut off all its heads...

Read more:
http://www.intifada-palestine.com/2011/01/the-economic-hydra/