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Jul. 8th, 2015|06:24 pm |
Which of the following is just conspiracy 'theory'? 1) Central banks are independent of democratically elected government control. 2) They enable bank liquidity with fiat currencies. 3) They control the amount of money in circulation (open market operations, quantitive easing etc) and the level of debt (interest rates), as well as ensure the hierarchy of debt relationships (lowest interest rates to the private commercial banks). 4) They allow banks who act in concert to create money from nothing - ex-nihilo if you prefer. 5) They have the structure in place to act in a concerted manner themselves through regular meetings at the BIS in Switzerland.
But granted, Yanis could have jumped/been pushed for other reasons. We will, I guess, never know. |
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