Central Banks in the Service of Money Owners. Book 1: Central Banks: History and Modernity

The book reveals the topic of central banks from perspectives different from traditional interpretations of liberal economic science. The author shows that a central bank is not just an institution that issues money; it also controls the banking sector of the economy. Over time, it begins to actively command the entire economy. An important feature of central banks is their "independent" status: they effectively fall outside of government control. However, they do not function on their own but under the control of the "money owners" and carry out their activities exclusively in their interests. By "money owners," the author primarily understands the main shareholders of the private corporation called the "Federal Reserve System of the United States" (FRS). The FRS is the central bank that issues the US dollar, which today occupies key positions in the global financial system. The book illustrates the global hierarchy of Central Banks with the FRS at the top of the pyramid. The Central Bank of the Russian Federation is at the base of this pyramid and serves the interests of the "money owners." It is shown that the central bank in almost any country today controls not only finances and the economy but also other spheres of public life. Essentially, Central Banks have become the first branch of power and stand above traditional state institutions. The "money owners" seek to become the "owners of the world." There is also an overview of the Soviet experience in creating and functioning a monetary and credit system independent of the "money owners."