The short answer is, they don’t. Central Banks function as “legititmized” price control mechanisms. They control the price of money in order to help the elitists confiscate your wealth. That’s it. But price controls never last very long and neither do Central Banks. The U.S. is on its third CB in less than 300 years of existence and there’s been in a movement in place to get rid of the Fed for at least the last 8 years.
The Daily Coin featured a useful analysis – LINK – of the latest attempt by the western Central Banks to build a “currency sandbox” for everyone to play in because they know the U.S. dollar’s role as the reserve currency is coming to an end. The article goes into detail about how cryptocurrency is a threat to the banks as it is decentralized and has no links to the government. As more people choose to download a cryptocurrency alerts app, invest in crypto and just find out more information about it in general, the power of traditional banks diminishes. Cryptocurrencies are a massive market at the moment so a lot more people are hearing about it in investing in different parts of the market. You can see how mainstream it’s getting because now you can use your PayPal to buy bitcoin (visit https://bitcoinkaufenpaypal.net/ to find out more) which wasn’t an option just a few years ago. The more the public learns about crypto, the more worried banks become. The Utility Settlement Coin” is an act of desperation to head off the move by eastern hemisphere emerging economic powers, led by China and Russia, to create a level playing field.
Almost every year the precious metals sector experiences a price correction late in the summer. And almost every year the anti-gold propaganda floods the internet and media. This year is no exception. But the current pullback in the sector has about run its course. This was a healthy pullback after the huge run up in the sector. The next leg higher should be even more exciting.
Finally, the U.S. economy is starting to collapse. Blow away the propaganda smoke being blown by the likes of Janet Yellen, Stanley Fisher and Hillary Clinton and a clear view of the real economic data will show a nasty downturn emerging in housing, autos, general manufacturing and discretionary consumption. In the latest episode of the Shadow of Truth, we discuss these issues and infuse some humor to make it easier to digest – enjoy the podcast and enjoy your long holiday weekend – it could get ugly in Q4:
This was a great discussion guys’. IMO when people actually start using and trading with metal as currency again quid pro quo. That is the point at which the scam is over, it would not matter what Government mandates at that point. Whether second hand cars ,art, real estate the artificial appearance of value(prices rising) would disappear instantly in fiat paper. The change has to be market driven. When the bitgold , gold money etc exchanges start franchising into micro economies making it easy but also physical exchange and secure vaulting etc is much easier then it will be over, but it must begin at a micro economic level. JMO
The stench coming from Douche Bank is beginning to get foul …
http://www.zerohedge.com/news/2016-08-31/deutsche-bank-refuses-delivery-physical-gold-upon-demand
“They control the price of money in order to help the elitists confiscate your wealth. ”
Spot on! They are transfer agents – transferring wealth from main street to the pockets of wall street. Whenever this transfer process faces speed bumps or obstacles, they cook up a new scheme to make sure the flow keeps on going. Imagine you are playing a game and the referee keeps changing the rules to make sure you never win. The central bank is the referee. I can’t understand how someone like Madoff is jailed but central bankers are not for printing money that they don’t have and creating asset bubbles of epic proportions.
They print currency which is part of the scam. We have been
brainwashed into thinking currency is money.
Hey guys, watch this video on repeat loop over the Labor Day weekend.
It’s less than 1 min long, but it’s all that really needs to be said. Lifetime work of Paul Craig Roberts, William Engdahl, Gerald Celente etc has been well summarized in less than 1 minute. Would be cool if Rory or the Best Evidence dude (forget his full name, Titus?) could incorporate it in 1 of their podcasts:
https://www.youtube.com/watch?v=RPipnhNzUpY
They don’t control the price of money, they control the price of Credit.
Credit is issued as a loan, at interest. Upon creation of loan, a debt instrument is made as a mirror to the “credit as money.”
Central banks in a debt money system work to backstop private banks. Private banks emit credit, and this is the bulk of what we use as “money.” More than 97% of money supply is bank credit. The bulk of the credit is hypothecated into existence against land, and to transfer in-place assets. It does not channel into industry.
Some central banks in history have worked to help governments issue exogenous money.
Exogenous money is outside of private credit emitting banking system. Exogenous enters into the money supply, helping to cancel debt instruments. Banker created type debts cancel BOTH the former credit and debt simultaneously.
In this type of scenario, the exogenous central banker money is beneficial. Under a scenario where central banker backstops private banks (as in QE) helps form Oligarchy.
As long as mal-formed inherently unstable private credit systems exist, there must be a central bank. Most central banks in western world, are agents of private banking systems. For example, the FED was funded into existence against the will of Congress at that time. In those days, it was called the “money trust.” Trust’s are a group of private companies working together to take rents against society.
All money is law.
They don’t control the price of money, they control the price of Credit.
Credit is issued as a loan, at interest. Upon creation of loan, a debt instrument is made as a mirror to the “credit as money.”
Central banks in a debt money system work to backstop private banks. Private banks emit credit, and this is the bulk of what we use as “money.” More than 97% of money supply is bank credit. The bulk of the credit is hypothecated into existence against land, and to transfer in-place assets. It does not channel into industry.
Some central banks in history have worked to help governments issue exogenous money.
Exogenous money is outside of private credit emitting banking system. Exogenous enters into the money supply, helping to cancel debt instruments. Banker created type debts cancel BOTH the former credit and debt simultaneously.
In this type of scenario, the exogenous central banker money is beneficial. Under a scenario where central banker backstops private banks (as in QE) helps form Oligarchy.
As long as mal-formed inherently unstable private credit systems exist, there must be a central bank. Most central banks in western world, are agents of private banking systems. For example, the FED was funded into existence against the will of Congress at that time. In those days, it was called the “money trust.” Trust’s are a group of private companies working together to take rents against society.
All money is law.
Talking about CBs. I would think this is pretty big news. ‘Jumping Ship: Two Central Banks Just Printed Billions In Paper Currency… And Immediately Bought Gold Mining Stocks With It’ http://www.shtfplan.com/headline-news/jumping-ship-two-central-banks-just-printed-billions-in-paper-currency-and-immediately-bought-gold-mining-stocks-with-it_09022016