by Daily Bell Staff
The Daily Bell
Mess With Central-Bank Independence at Your Peril … There are worrying signs that, against the current backdrop of record-low interest rates, politicians are tempted to start meddling. – Bloomberg
The idea of nationalizing banks is probably part of a continued strategy to destroy local and regional central banks in favor of one that is worldwide.
It is surely true that the indefensible nature of central banking is even more obvious when politicians are in control.
The essential nature of central banking is that a handful of people define and control money for hundreds of millions and billions of others.
But this particular observation is not made by the mainstream media. Nor is it commonly noted that the main function of central banking is to debase money.