Central bank

Central bank  (Bank)
Interest of	• G. Edward Griffin • Hang The Bankers • Pierre Jovanovic

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.

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.”

 

Examples

Page name	Founded	Location	Description
BIS	17 May 1930		The central bankers' central bank - nothing to see here.
Banco de Portugal	19 November 1846	Portugal Lisbon	The national bank of Portugal, swallowed by the Euro-system since 1998.
Bank Indonesia		Indonesia Jakarta
Bank of Canada		Canada Ottawa Ontario
Bank of England	1694	London Threadneedle Street UK
Bank of Finland	1 March 1812	Helsinki
Bank of France	18 January 1800	France Paris	French central bank
Bank of Israel
Bank of Italy		Italy Rome Palazzo Koch
Bank of Latvia		Latvia Riga	Latvia's Central Bank. Has dominated economic policy since Latvia's independence in 1991.
Bank of Mexico		Mexico Mexico City
Bank of Spain		Madrid
Central Bank of Brazil	31 December 1964	Brazil Brasília	Brazil's central bank.
Central Bank of Honduras	1 July 1950	Honduras Tegucigalpa	The Central Bank of Honduras was established on 1 July 1950
Central Bank of Iceland		Iceland Reykjavik	The central bank of Iceland
Central Bank of Ireland	1 February 1943	Dublin Eire North Wall Quay
Central Bank of Russia	25 December 1990	Russia Moscow 12 Neglinnaya str.
Danmarks Nationalbank	1 August 1818	Copenhagen Havnegade 5	The national bank of Denmark
De Nederlandsche Bank	25 March 1814	Netherlands Amsterdam	The Dutch central bank.
Deutsche Bundesbank	1957	Germany Frankfurt
European Central Bank		Germany Frankfurt
Gosbank	1922
National Bank of Belgium	5 May 1850	Brussels
National Bank of Poland		Warsaw
National Bank of Romania	1880	Bucharest
Norges Bank	14 June 1816	Norway Oslo
Oesterreichische Nationalbank	1 June 1816	Austria Vienna	Austrian central bank
People's Bank of China	12 January 1948	Beijing	China's central bank.
Reserve Bank of Australia		Australia Sydney New South Wales
Reserve Bank of India		India Mumbai
Saudi Arabian Monetary Authority		Saudi Arabia Riyadh
South African Reserve Bank	1921	South Africa Pretoria	The privately owned central bank of South Africa
Sveriges Riksbank		Sweden Stockholm
Switzerland/National Bank		Zurich Bern
Turkey/Central Bank		Turkey Ankara
US/Federal Reserve	23 December 1913	United States Washington DC Eccles Building	The privately held cartel which profits from the US$ monopoly. It was set up by The Money Trust on December 23, 1913 after the failure of earlier privatisations by stealth of the US money supply. The petrodollar allowed this system to reap profits globally during much of the 20th century.

 

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.

Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.