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Wednesday, March 9, 2011

Central Banking at the Centre of Power by Andrew Gavin Marshall http://dandelionsalad.wordpress.com/2011/03/09/central-banking-at-the-centre-of-power-by-andrew-gavin-marshall/

To understand the historical context of the current crisis, it is pivotal to address the nature of the most vital and powerful force within the capitalist global political economy: the central banking system. One of the least understood, most widely ignored, and mysteries of capitalism, the central banking system, is also the source of the greatest wealth and power, essentially managing capitalism – controlling the credit and debt of both government and industry.

Any notion of a “free market” must be dispelled in its true meaning, for as long as the central banking system has been dominant, central bankers have managed and controlled capitalism for the benefit of the few and at the expense of the many. Comprehending the nature of central banking is necessary in order to understand the nature of the current economic crisis.

[whats intriguing as well is the fact,that ,not only has central banking been behind Capitalism,but also behind Communism..Marx  details the  essential tenets of communism, namely:Central banking system...1912 -- Colonel Edward M. House, a close advisor of President Woodrow Wilson, publishes Phillip Dru: Administrator in which he promotes "socialism as dreamed of by Karl Marx."

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