Libra: Facebook’s Audacious Bid for Global Monetary Control by Ellen Brown

Competition for the insidious corporate vultures at the Federal Reserve? Bankers are parasitic beings devoid of compassion, but are the people creating this new “banking” system any better? I wouldn’t be surprised if some of the same shareholders of the Fed are also investors in this economic venture by Facebook to grab control over a huge portion of the global economy.

It’s foolish to accept a medicine that might be worse for you than the illness.

From the article:

‘For Libra to scale as a national medium of exchange, its governance had to be centralized rather than “distributed.” But Libra’s governing body is not the sort of global controller we want. Jennifer Grygiel writes:

“Facebook CEO Mark Zuckerberg … is declaring that he wants Facebook to become a virtual nation, populated by users, powered by a self-contained economy, and headed by a CEO – Zuckerberg himself – who is not even accountable to his shareholders….

“In many ways the company that Mark Zuckerberg is building is beginning to look more like a Roman Empire, now with its own central bank and currency, than a corporation. The only problem is that this new nation-like platform is a controlled company and is run more like a dictatorship than a sovereign country with democratically elected leaders.”’


via Libra: Facebook’s Audacious Bid for Global Monetary Control by Ellen Brown

6 comments on “Libra: Facebook’s Audacious Bid for Global Monetary Control by Ellen Brown

  1. Thanks for an excellent article and for spreading important information.

  2. How does FB plan to secure our money when they cannot even secure our data?

  3. Exactly. This is just one group of parasitic manipulators competing with another. And as bad as bankers are, this new way might be worse. The people lose either way.

    Personally, I’d like to see more people barter and, if they need to, bank at post offices, credit unions and small state banks.

  4. thanks for this awareness!
    mind’s capacity for greed has no bounds
    & without ethical oversight…
    nice medicine analogy!
    “sometimes the hardest disease to cure
    is caused by the medicine one takes” 🙂

  5. I like the line about disease and medicine. 🙂

    There are so many things going on around us that are difficult to comprehend. It’s like a violent whirlwind of fear, greed, selfishness, arrogance, hate, dysfunction, confusion – and so many people just accept it, but not in a healthy way. It’s wise to accept your personal circumstances in life, to accept what is happening and make peace with that, but then to take inspired action to change things that you know must be changed. We have people who bitterly complain about personal circumstances, then accept the defective system that we are expected to survive in without attempting to make necessary changes that can benefit all life.

    I wish more people understood that an economic system doesn’t work as a social system. To base a society on how much everyone and everything is worth in monetary terms is sick. What do we need to fix this? We need wise people like yourself to continue teaching the rest of us and we need to get a lot more people listening. Too many of us are doing a lot more talking than listening.

    I’m sorry I rambled. 😎 I guess I’m guilty of that, too. 🙂

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