BANKING CARTEL: Central Bank Digital Currencies, A Revolution in Banking? – By Ellen Brown

The power of banking must be in the hands of the people where it rightly belongs; in peace

RIELPOLITIK

Source – ellenbrown.com

“…The actual creation of money is orchestrated by private banks today. Nearly 97% of the money supply is created by banks when they make loans, as the Bank of England acknowledged in a bombshell report in 2014″:

(Central Bank Digital Currencies: A Revolution in Banking? – By Ellen Brown)

Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest rates (we pay the bank to hold our deposits rather than the reverse).

But Ben Broadbent, Deputy Governor of the Bank of England, puts a more positive spin on it. He says Central Bank Digital Currencies could supplant the money now created by…

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