Authors apply metaphorical blowtorch to central banking

Posted: October 11, 2016 in INTERNATIONAL BANKSTER$
Tags: , , , , , ,

In our hard-hitting book INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism, we apply the metaphorical blowtorch to the central banking system – that financial entity responsible for overseeing the monetary system of a nation.

 

Image result for central bankers

 

A lot of the financial corruption exposed in our book relates – either directly or indirectly – to the central banking system. Given central banks are responsible for overseeing the monetary system of a nation, managing its currency, setting interest rates and steering an economy toward inflation targets, we devote an entire chapter to the central banking system.

An excerpt from INTERNATIONAL BANKSTER$  follows:

Central banks are also often called reserve banks. For example, the Federal Reserve (also known informally as the Fed) is the central banking system of the United States.

Other examples of central banks around the world include the People’s Bank of China, the Reserve Bank of Australia, the Central Bank of Brazil, the Bank of Japan, the European Central Bank (ECB) and the Bank of England.

Elements of modern central banking systems have existed for around a thousand years and date back to The Song Dynasty (960-1279 AD) in China where the first circulation of a paper currency occurred.

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“Under the guise of being nice guys, the central bankers have done to the people what no army in history has been evil enough to do.” –Jarod Kintz, This Book is Not FOR SALE

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The legendary Knights Templar – the wealthy Christian military order that reigned in medieval Europe for almost two centuries (1119-1312 AD) – ran a banking system that economists widely believe inspired present-day central banks, including the Federal Reserve in the US.

However, it wasn’t until the 17th Century that the first official central banks were formed as certain nations such as the Netherlands, Sweden and the UK began to move away from commodity money (usually silver or gold) to circulating notes that simply represented ‘promises to pay’.

From there, the central banking system spread like wildfire all around the world. Eventually, such banks cropped up everywhere from Africa and Central America to South America and Asia.

There are certain independent researchers, perhaps of the sensationalist variety, who have said “central banks are pure evil” or made other such alarmist statements. However, in reality, if a nation’s central bank is managed without internal corruption and without interference from foreign countries, it should actually be a stabilizing force. In theory, a central bank can shield an economy from volatility in financial markets not to mention prevent fraudulent activities committed by commercial banks.

But the operative word, of course, is corruption. Throw corruption into the mix and central banks start veering toward the “pure evil” term some ascribe to them.

 

Next, we devote a short chapter to the history of central banking in the US, and, of course, the mighty Fed, aka the US Federal Reserve System, features prominently…but more about that later.

 

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

 

INTERNATIONAL BANKSTER$  is Book #5 in The Underground Knowledge Series  and is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/

 

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