It means that the era of the great short by Nathan Rothschild ended a long time ago.
Can you answer my question? Do they make private loans, and buy private assets? The fact that they were "nationalized" means absolutely nothing, given the scope of the power involved. If you give me the power to create money, I will buy as many or all of the national politicians I need to run the institution to my benefit, period.
In fact, the Rothschilds were worth some $6 billion in 1850. If you use even a modest discount rate, the family is worth trillions today, beside the fact that they are capable of creating money out of thin air. Please prove that the "nationalization" of the Bank of England affected their fortune one iota, and/or cite the cause of their allegedly lost fortune to the likes of Jeff Bezos, an online retailer.
While you're at it, prove that the sherman anti-trust act, which "splintered" the Rockefeller's petroleum dynasty into pieces, actually dissolved the Rockefeller fortune as well.
Yes, government owned central banks do the bidding (to some extent) of the banks just as much as the Fed does but that is a long way from claiming that they are controlled by a secret cartel.
The Fed is by *definition* a cartel. It's a group of regional banks that has the exclusive power to create money and credit ex nihilo. How is this not obvious. It doesn't need to be run by a secret cartel to be against the public interest given the facts that we already know. The fact that even just part of it is not fully transparent, should be enough to signal a problem to any reasonable human being.
Federal Reserve Notes are printed by the Treasury, loaned to the Fed who sells them to the banks in exchange for reserve credits. The process whereby new notes are exchanged for old (which are then destroyed) is also designed to ensure that the old for new is exactly equal.
For the Fed (or some secret entity) to be able to circulate large quantities of Federal Reserve notes off the books they would have to be able to get their hands on large quantities of Treasury notes undetected or have a massive printing press capable of duplicating Treasury notes that are indistinguishable from the real thing.
You mean, like a "restricted" intaglio printing press, used to create supernotes? Lol.
https://news.vice.com/article/north-koreas-counterfeit-benjamins-have-vanished
This would be news of the century stuff that, if true, would be uncoverable by a junior reporting cadet - let alone experienced teams of reporting journalists. Of course, CT has it that the same cartel that controls the central banks also controls every aspect of the media (including the posts that appear in this forum).
Are you accusing me of believing that the bankers are censoring this forum? Are you suggesting that this forum is an "aspect" of the media? Really?
I'm not advancing a CT though I am positive it exists as I've described it. I'm making an a priori argument for why fiat money, whether paper or electronic, should not exist, and claiming that it's impossible for you or anyone else to guarantee the sanctity of such money.
You prove to me that such a system isn't being abused, instead of asking me for evidence. The evidence is that a *********** hamburger here costs twice as much as it did a couple years ago, yet the minimum wage hasn't budged.
That was a quick sleight of hand you performed there. You mentioned "off the books" once but dedicated the rest of your paragraph to on book activities.
Yes I am suggesting that it is near impossible for the Fed to create money off the books. Accounting is such that every single transaction is zero sum (ie credits equally matched with debits). An asset or a liability can not appear out of nowhere. It has to be accounted for somehow. It is sometimes suggested that you should "look in the footnotes" of an accounting book if you want to discover accounting irregularities.
I made it clear that it doesn't matter whether monetary debasement occurs on the books, off the books, legally, or illegally. The consequences are the same, which are, at best, a highly regressive form of taxation, and at worst, abject theft from the poor on a monumental scale. How is this not clear to you by now?
If we can't convince people that the financial system is flawed then I fail to see how you are going to convince anybody to join you on your witch hunt.
Who is "we", and why does it go from "we" to "I"? In fact, I'm using a priori reasoning and human nature to point out the flaws that I believe guarantee the conspiracy. I don't want a "witch hunt", I want the money scam to end, and the criminals brought to justice.