Are Central Banks Cause of Economic Meltdown?

Categories

Economy

Food for Thought

The Media

Who owns the Federal Reserve? asks Robin Good in a recent post. It's hard to find out, and public perception is that central banks are part and parcel of the country's administration. Not so. Most if not all central banks are controlled by private interests - mostly private banks but also insurance companies and other capital-heavy investers.

Right now, the question is coming up in Italy, after some intercepted phone calls of central bank president Fazio ended up on the first page of several newspapers.

But back to the US - the "Federal" Reserve is no more federal than the banks that own it. Here is Robin Good pointing to an investigative video your Windows Media Player will be glad to bring to your computer - if you have a fast connection that is.

See: Who Owns The Federal Reserve? Mainstream Media Won't Tell You

 

---

posted by Sepp Hasslberger on Saturday September 10 2005
updated on Saturday September 24 2005

Print this article

URL of this article:
http://www.newmediaexplorer.org/sepp/2005/09/10/are_central_banks_cause_of_economic_meltdown.htm