What is clear is that the central banks do not care about or are not able to actually create employment. According to Carney, economies grow by "taking risks." No mention that creating jobs will also grow the economy.
Notice that of the three central bankers in the story, two earned their stripes at Goldman Sachs--Mark Carney and Mario Draghi.
Neil Macdonald: The 'monarchs of money' and the war on savers
Power Shift: First in a series on the rise of the central bankers and the global imposition of cheap credit
By Neil Macdonald - CBC News
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.
The tool they have used to change the world so profoundly is one they alone possess: creating money out of thin air.
There is an economic term for this: quantitative easing. More colloquially, it's called printing money.
Since the great economic meltdown in 2008, these central bankers have probably saved the world's economy from collapse, and dragged it into the unknown at the same time.
The amounts they have created are so vast as to be almost incomprehensible — trillions of dollars in pounds and euros, among other currencies.
See a video of the original CBC program and the article here
See the video of the Mark Carney interview here
See video with Jeffrey Sachs on Corruption here
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