Difference between revisions of "Central bank"
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| − | '''Central banks''' control currency creation, though the large majority of [[money]] is created by commercial [[banks]]. Ultimately however, they control the seigniorage profits from the interest system. Some are privately owned (such as the [[US Federal Reserve]]) but the majority are at least officially under government control. | + | '''Central banks''' control currency creation, though the large majority of [[money]] is created by commercial [[banks]]. Ultimately however, they control the seigniorage profits from the interest system. |
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| + | ==History== | ||
| + | The world's oldest central bank is [[Sveriges Riksbank]]. The next oldest is the [[Bank of England]]. | ||
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| + | ==Control== | ||
| + | Some central banks are privately owned (such as the [[US Federal Reserve]]) but the majority are at least officially under government control. Many leaders of central banks in Western European and North American countries have attended the [[Bilderberg]], including all the [[Presidents of the European Central Bank]] and [[Presidents of the European Monetary Institute]]. | ||
==Cash shipments== | ==Cash shipments== | ||
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| + | == Digital currencies == | ||
| + | {{FA|Central bank/Digital currency}} | ||
| + | After the success of [[Bitcoin]] in capturing investors attention and [[money]] in the 2010s, [[central bankers]] devised plans to implement digital currencies of their own. The imposition of these systems appears to be one goal of the [[Great Reset]] project. | ||
{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
Latest revision as of 15:09, 6 February 2023
 Central bank  (Bank)    | |
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| Interest of | • G. Edward Griffin • Hang The Bankers • Pierre Jovanovic |
| Controllers of currency creation, and therefore the seigniorage profits from the interest system. | |
Central banks control currency creation, though the large majority of money is created by commercial banks. Ultimately however, they control the seigniorage profits from the interest system.
Contents
History
The world's oldest central bank is Sveriges Riksbank. The next oldest is the Bank of England.
Control
Some central banks are privately owned (such as the US Federal Reserve) but the majority are at least officially under government control. Many leaders of central banks in Western European and North American countries have attended the Bilderberg, including all the Presidents of the European Central Bank and Presidents of the European Monetary Institute.
Cash shipments
After Western Global Airlines N545JN was discovered to be carrying 67 tonnes of freshly printed South African currency, and a dead body, the South African Reserve Bank suggested that such cash shipments are routine: “The bulk of the annual production of banknotes is done locally in South Africa and a small percentage is done offshore as part of the contingency plans of the SARB. The aircraft currently detained at Harare Airport is carrying a consignment of South African banknotes that was produced overseas as part of the SARB's annual production plan.”[citation needed]
Digital currencies
- Full article: Central bank/Digital currency
- Full article: Central bank/Digital currency
After the success of Bitcoin in capturing investors attention and money in the 2010s, central bankers devised plans to implement digital currencies of their own. The imposition of these systems appears to be one goal of the Great Reset project.
Examples
Related Quotations
| Page | Quote | Author | Date |
|---|---|---|---|
| 2021 | “Wall Street and Central banks are trying to take ownership of nature and the global commons why we are being pushed into a virtual world, the "metaverse." These aren't isolated events, put the pieces together. "You'll own nothing and be happy" is the beginning, not the end.” | Whitney Webb | December 2021 |
| Edward Mandell House | “the President is to perpetuate the slavery of Americans. By design we have been kept bankrupt and insolvent by an ancient, evil system of pledging. Central Banksters have been profiting at our expense for over 70 years.” | Edward Mandell House |
Related Document
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:Modern Monetary Theory: an explanation | blog post | 18 April 2023 | Richard Murphy | The MMT approach to the command of resources is the polar opposite of that in neoliberalism. MMT seeks to do what is possible. Neoliberalism seeks to constrain what is possible. |
