A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates.
Central banks also usually oversee the commercial banking system of their respective countries.
In contrast to a commercial bank, a central bank possesses a monopoly on increasing the amount of money in the nation, and usually also prints the national currency, which usually serves as the nation’s legal tender.
Examples include the European Central Bank (ECB) and the Federal Reserve of the United States.
The central banking system is a scam.
At the beginning of 2000, there were only seven countries without central banking: Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea and Iran and the main reason they are under attack is they do not have a Rothschild owned Central Bank.
In 2011 the only three countries left without a central bank are: Cuba, North Korea and Iran.
Rothschild owned Central Bank:
Central banks are illegally created private banks that are owned by the Rothschild banking family.
The family has been around for more than 230 years and has slithered its way into each country on this planet, threatened every world leader and their governments and cabinets with physical and economic death and destruction, and then emplaced their own people in these central banks to control and manage each country’s pocketbook.
Worse, the Rothschild’s also control the machinations of each government at the macro level, not concerning themselves with the daily vicissitudes of our individual personal lives. Except when we get too far out of line. – FourWinds 10
Give me the right to issue and control a nation’s money and I care not who governs the country.” – International Banker, Meyer Amschal Rothschild.
Government borrows from the banks and has to repay the loan, PLUS INTEREST.
To pay the loan and interest the Government tax the people.
The banks cannot lose because they have the taxes of the people as security for their loans.
This will add to the increasing debt to the banks and putting them in a very powerful position of authority over the government which then in turn gives them control of government policies like immigration, free trade, multiculturalism and a lot more besides.
No government can borrow money unless they are willing to surrender a considerable amount of control to the banker.
Richard McKenna, former president of the Midlands Bank of England said, “Those that create and issue the money and credit, direct the policies of Government and hold in their hands the destiny of the people”
“Governments do not govern, but merely control the machinery of government, being themselves controlled by the hidden hand.” – Former British Prime Minister, Benjamin Disraeli.
They fund two sides of every ‘war’ and they also want a ‘cashless’ society.
Banks are corrupt to the very core.
We need to get rid of the bankers.
And jail them.
Here in the U.K. the banks caused the problem but it was the taxpayer that bailed them out and then they reward themselves (bankers) with millions in bonuses and still had the audacity to hike up the interest rates and bank charges of £30.00 for being 1p overdrawn.
Would you rather have had the bankers jailed instead of the taxpayer being forced to bail them out?
Of course you want to see them in jail.
“The international bankers swept statesmen, politicians, journalists and jurists all to one side and issued their orders with the imperiousness of absolute monarchs.” – Former British Prime Minister, Lloyd George .
With independence we will still be in debt to the bankers and the IMF. The global monetary system is a huge Ponzi scheme and Alex Salmond also knows this and will not issue a Scottish sovereign currency but will continue to ‘borrow’, serving the bankers interest.
The Libor scandal was a series of fraudulent actions connected to the Libor (London Interbank Offered Rate) and also the resulting investigation and reaction. The Libor is an average interest rate calculated through submissions of interest rates by major banks in London.
The scandal arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were. Libor underpins approximately $350 trillion in derivatives. It is administered by NYSE Euronext, which took over running the Libor in January 2014.
The banks are supposed to submit the actual interest rates they are paying, or would expect to pay, for borrowing from other banks. The Libor is supposed to be the total assessment of the health of the financial system because if the banks being polled feel confident about the state of things, they report a low number and if the member banks feel a low degree of confidence in the financial system, they report a higher interest rate number.
In June 2012, multiple criminal settlements by Barclay’s Bank revealed significant fraud and collusion by member banks connected to the rate submissions, leading to the scandal.
‘The Money Scam is hidden right out in the open, yet buried in complication and confusion. A retired banker describes simply, the world’s Money Scam and the reason every country is now going bankrupt. Private bankers have stolen the money creation process, and whereas once our money was created by the governments, debt-free, it is now created out of thin air and issued as debt with interest charges.
In today’s banker controlled world, money = debt, debt = slavery and therefore money = slavery – our monetary systems have become systems of enslavement. Money is created out of nothing, issued as debt, not enough money is created for the future interest payments and inflation steals our savings. The money creation process should be taken away from the banks and given to the governments who can create money debt-free, interest-free. This is how it used to be done and we needed no income taxes.’
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson, (Attributed)
The bankers have to go.
Scotland needs its own currency.
In Iceland four former bank chiefs have been jailed for fraud – the sentences go as far as five years behind bars.
They’re accused of concealing that a Qatari investor bought a stake in their firm, using cash lent from the bank itself – illegally. The deal took place just ahead of the collapse of the bank due to huge debts.
RT talks to economic expert Charlie McGrath, founder of news website Wide Awake News about Iceland’s economy. (Video: Dec: 2013)