by Simon Black
Over the past several decades, people around the world have become so brainwashed that few people really give much thought anymore to the safety of their currency.
It’s not something people really understand… there’s apparently some Wizard of Oz type figure at the top of the hill pulling all the levers of the monetary system. And we just trust them to be good guys.
This is partially true. Today’s financial system is dominated by central bankers who have been awarded nearly dictatorial control of global money supply.
In allowing them to set interest rates, they are able to control the ‘price’ of money, thus controlling the price of… everything.
This power rests primarily in the hands of four men who control roughly 75% of the entire world money supply:
- Zhou Xiaochuan, People’s Bank of China
- Mario Draghi, European Central Bank
- Haruhiko Kuroda, Bank of Japan
- Ben Bernanke, US Federal Reserve