Over the last nearly four centuries the spread of central banking has sprawled around the world to the point where today 99.9% of the global population live in a country with a central bank. The only major nation without a central bank apart from a few small groups of islands like Micronesia is North Korea.
The first central bank in the world was the Swedish Riksbank, founded in 1668. Scottish businessman William Paterson founded the Bank of England in 1694 on request of the British government to finance a war.
The First Bank of the USA was founded in 1791 and survived for 20 years, however, it was revived again as the Second Bank of the United States in 1816 and ceased operations in 1841. It wasn’t until 1913 that central banking made a comeback with the foundation of the Federal Reserve.
Unelected and unaccountable bankers
A central bank’s primary function is to control a nation states’ monetary policy and money supply through activities such as setting interest rates and managing the reserve requirement, acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis.
My research has demonstrated no evidence anywhere from any time in history where the people of a nation-state have willingly chosen to establish a central bank either by vote or any other form of consent. In fact, in the majority of developed countries, central banks are purposely designed to be independent of political interference.
They are run by unelected, unaccountable bankers and based on a system built on debt, which greatly enriches the global elite while at the same time enslaving the citizens of the world.
In the United States and I’m pretty confident every country is the same, it is mathematically impossible to pay off all their debt. If every single cent was taken away from every citizen in the U.S. it still wouldn’t be enough to pay off the national debt. The debt is much larger than the total amount of money in existence.
Since the creation of the Federal Reserve the U.S dollar has lost more than 96% of its value and the national debt has risen over 5,000 times larger.
Digital existence
Interestingly, 97% of all currencies don’t seem to really exist due to its electronic form. You get to see a number under an account from a bank that’s all digital, yet you will never physically get to hold or really see this “money” the account displays.
So many central banks are warning their citizens about Bitcoin, as they are solely considered a digital currency. The big difference is that although they are both in digital form, the central bank has complete control of the digits in your bank account, while with Bitcoin you are your own bank in control of your account at all times.
The central banks have no control of it in any form, however, within the next 72 hours it can be witnessed happening with fiat currencies in Venezuela, India, Europe and Australia, they can’t seize it without your consent or decide to take “bits” out of circulation.
The global elite only dominates us because we allow them to dominate us. We now have globally accepted secure decentralized alternatives available so we don’t have to be enslaved by imaginary debt anymore, which just like the central banks has been imposed on all of us.