JOHN BROWNE: ''The central bankers’ century''

From TribLive

''Some of the mainstream media have labeled the 20th century as “America’s Century.” In reality, it was the central bankers’ century.

Central banking began in England. After two failed attempts to establish an American central bank in the 19th century, the Federal Reserve Board, in reality a central bank, opened in 1914.

The Anglo-American-led central banks follow Keynesian economic theory. Since 1922, they have dominated world monetary affairs, first designating sterling and subsequently the U.S. dollar as fiat international reserve currencies.

Adopting Keynes’ debt-driven monetary policies, they have plunged the world’s two richest countries into chronic debt. In doing so, they have debased the U.S. dollar to the level of less than $0.02 in 1914 and sterling to under $0.005 in 1914. This represents a massive transfer of real wealth from the private sector to governments.''

read more