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News Link • Central Banks/Banking

Central Banks: The Great Experiment Has Failed

• zerohedge.com by Nomi Prins

The book dives into how central banks rigged the cost of money and the state of the markets, and ultimately created more inequality and instability as a result. They did all of this in order to subsidize private banks at the expense of people everywhere.

The book reveals the people in charge of these strategies, their elite gatherings and public and private communications. It uncovers how their policies rerouted economies, geopolitics, trade wars and elections.

Central banks have several functions from an official standpoint.

The first is to regulate the smooth and orderly operation of private banks or public banks within a particular country or region (the ECB is responsible for many countries in Europe).

The other function they are tasked with is setting interest rates (the cost of borrowing money) so that there's adequate economic balance between full employment and a select inflation rate.

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