Can someone explain to me step by step how and why central banks are bad...

Can someone explain to me step by step how and why central banks are bad? Or can someone recommend me an economist who wrote books on the evils of central banks.

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just google 'jews'

Yeah Jews use the central banking system to oppress goyim. But how does the central banking system work as a tool to oppress us?

Economists are trained to believe in banking.
So, I can only get at what you are looking for obliquely.
Start with Bill Stills documentary The Money Masters, probably on youtube.
Web of Debt by Ellen Brown
Money Bank credit and Economic Cycles by I forget, but it will be ar mises.org
Should get you started

Checked, keked. Fpbp

read "the age of selfishness" by darryl cunningham

Thanks, will save these and read about it later.

I'll do my best to a give summary about why it's so bad.

So, a central bank (which is really just a private with the monopoly power of the state to enforce it) has complete power over the interest rate at which banks and other institutions loan/borrow money from each other.

So, let's say that congress needs money to fund whatever bullshit they're doing. The treasury can create treasury notes/securities which it will then sell to the Federal Reserve.

So now the U.S. treasury, and really by extension the U.S. tax payer, owes interest paid to the Federal Reserve to pay off that debt, right?

Well, now the government will pay that original money that they got from the Federal reserve to its employees or those receiving social aid from them who will then deposit it into their commercial banks

Once that money is in their commercial bank account, those banks are permitted to loan out 90% of those deposits. So, a post officer worker deposits 100 dollars and his bank can loan out 90 dollars of that to other institutions.

(cont)

>Just give one shady group of people complete unaccountable control of the economy dude
>What could possibly go wrong?

Fill in the blanks as needed, keeping those 2 statements in mind.

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So, every when that 90 dollars get circulated back into another bank account, the commercials are permitted to loan out 90% of that 90 dollars again. This process will keep going perpetually until it runs out, basically.

So, by doing all this, you essentially flood the economy with an excess money supply. So, now the common person will lose purchasing power of their currency because that same amount of currency makes up a smaller amount of the total currency in circulating. Like pouring water into your glass of milk.

But it doesn't stop there, user. See, now the U.S. tax payer has to back the interest on those loans which is compounding interest over time. So, the American public can never pay back the principal of the original money that the Federal Reserve loaned to the Federal Government.

cont