Central Bank Independence Is a Myth. They Need to Be Democratized. – Everything Law and Order Blog

Gerald Epstein discusses his new book, a collection of essays on how central banking is shaped, how it shapes the economy, and how it can be made more responsive to people’s needs.

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36 thoughts on “Central Bank Independence Is a Myth. They Need to Be Democratized.”
  1. The banking is controlled by the people well should be that's your answer everything in the United States should be created and work for the people and citizenry of the United states

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  3. Watch-out about speaking out about: "We oughta be repealing the federal reserve bank act of 1913";
    You guys know what "they"(deep state-runners/police Suckers did for the one1 % illuminati owners) did to the last best US President JFK and his little brother Robert?!
    Don't think they like that type of talk much less thinking of making that change?! 😰😞

  4. NOT (to be run) by any of the main two(2) currupt political parties, that's for Sure!…But Ran With only weekly (or daily) peoples audits of its on goings at All times-of the money and who is benefiting from it (what peoples it does business with) to try and fix it?!
    That might help it and "WE The Peoples"?
    Nothing but greedy-ass Suits peoples are currently running it!

  5. The constitution does not specify any particular economic system. Hamilton's solution was a national bank, with shares available to the general public. Jackson, whose main adviser was Aaron Burr, (Yes, THAT Aaron Burr!), opposed a national bank. We need to federalize the Fed and make it a national bank, restore Glass-Steagall, have Congress create huge amounts of credit to be spent on infrastructure projects, and fund large scale, science driven projects. Projects like fusion energy research, space colonization, and asteroid defense. Projects like these are science drivers. They force science to expand research into fundamental issues of physics, chemistry, etc. It then forces research engineers to figure out how to turn those new discoveries into useful tools, like computers, satellites, and moon mining equipment.

  6. The Federal Reserve is not part of our government and no one can over rule any decisions they make. They are the main problem too all of our work.b Don't trust Real News, they're MSM online!

  7. Dude, as a poor white person in a poor white town I can tell you right now we have had it with the rhetoric spewed by communists like this guy just as much as we have had it with banks robbing us every few years.

  8. President Wilson signed into law the Federal Reserve Act. Did he regret it? Here's what he said: "I am a most unhappy man–unwittingly I have ruined my country." "The bill passed on December 22, 1913, and President Wilson signed it into law the next day.

  9. Certainly worth while discussion but think it misses a very important aspect and that is an alternative to a 'independent' central bank. That could for example be a National Bank that has eg the function of borrowing for big infrastructure investments to the benefit of the whole nation, not narrow private interest. A reference from history could be what Alexander Hamilton did.

  10. Americans go bloody look at what Thomas Jefferson had been fighting since his time.
    It's not just an institution but what has become entwined with the fabric of society.

  11. What a joke. This Marxist apologist economist is not telling the whole story. On top of that, the Real News Network quotes "the Ecomomist" which is a Rothchild owned publication. Do you think they're going to tell the truth? If the layers of the onion were truly peeled back, there would be as Henry Ford said 100 years ago, a revolution overnight. If anyone subscribes to the global warming argument, then the Fed charter to keep unemployment levels low breaks down as it will print unlimited money in order to keep unemployment levels low. This brings in unlimited growth which leads to further environmental stress with no negative feedback control. The feedback loop to keep population in check under this evil system is a police state UN.

    What he also fails to say is that the Fed is not independent as it still falls under the Bank of International Settlements (BIS) Bank in Basel, Switzerland. This is THE central bank of central banks. No mention of who even owns these central banks. They are privately owned by a very elite group.The central banks are at the heart of all wars as wars and armies are the most expensive and wasteful ventures the countries can pursue. In the end the central banks are about control more than anything else by issuing debt.

  12. The guest also failed to mentioned that it is illegal to loan out money that you don't have. The banks create the money being loan as debt without having any physical money. This is illegal and should be exposed and stopped

  13. Zeitgeist Addendum, exposed the Federal reserve banking fraud. No mention of Money Market Mechanics detailing Fractional banking and creating money out of dept.

  14. 'Liberalising' the 'free' market is made for those with at least one portfolio, along with an earned & passive income, free to be liberal with capital.
    Money – makes money!
    Scarcity & exploitation is hardwired into capitalism. Corporatism is the sociopathic enforcer of this greed driven system.
    Where is the humanity?

  15. "Key phrase" …."Monetary Policies that help bank profits more than wages and employment, etc" RATES ARE MEANINGLESSLY LOW. Many real people can't get loans despite low rates. They're keeping the stock market casino going.

  16. ALL THAT NOISE ABOUT CHINA? Trumpfuhrer made a "deal" with Tim Cook exempting his imports from Tariffs! Trumfuhrer made a "deal" with Microsoft to allow Huawei continued access to markets here. Only the poorest got the sh*t kicked out of them! Trumponomics!

  17. The United States lost the war of independence in 1913 when it signed on to The Federal Reserve. Which is neither Federal nor operates with reserves. In this same year, income tax was imposed and never repealed. After that, the United States fought wars for foreigners, to this day.

  18. We need to repeal the Federal Reserve Act of 1913 and put the creation of money back in the hands of the US Treasury as dictated in the Constitution rather than create money via debt.

  19. Banking should be a public service, not a for-profit enterprise.
    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
    – Henry Ford

  20. This story is a myth…it goes beYOND propaganda, it's pure disinformation…like the unicorn…go ahead google unicorn biometrics I dare you and try to find Trump involved and mind you the banking industry/fed/central banking industry is part of the NWO 666 technocratic system after all all ready Sweden is already chipping themselves and China is HEAVILY involved in controlling people with biometric data…and it's coming for the ignorant Americans…

  21. I do subscribe to the network, but Greg Wilpert's laconic interviewing technique leaves me cold. Possibly the most somnambulant correspondent in progressive journalism today.

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