Let me issue and control a nation’s money and I care not who writes the laws.
– Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild
by Richard K. Moore |New Dawn Magazine | December 27, 2013
Perhaps the single most important thing to know about power in the world today is that most nations do not have control over their own currencies. Instead privately owned, for-profit central banks – such as the Federal Reserve System in the US – create money out of nothing and then loan it at interest to their respective governments. This is an incredibly profitable scam, but that’s not the worst of it.
Not only do the central banks have the power to create money for free, they also have the power to set interest rates, to decide how much credit is issued, and to decide how much money is put into circulation. With this power central banks can – and do – orchestrate boom and bust cycles, enabling the super-wealthy owners of the banks to profit from investments during the booms, and buy up assets at bargain prices during the busts. And that still isn’t the whole story.