Central banks are not privately owned but the property of the government. Ending central banking would be giving the keys to the global economy to the financial institutions they are meant to be regulating.
Renegade Inc’s Claire Connelly was recently interviewed by Redacted Tonight’s Lee Camp about the myths of money & history that led to the present political crisis. Here is the summary of how government spending works…and why the current misunderstandings mean we are now in trouble.
The production of money is ultimately the struggle for control over resources, wealth, people and our environment. But there is a surprising level of ignorance around how banks create money out of thin air and the benefits which flow from it.
They assume that money is essentially tokens passed from person to person as they exchange goods.