Book Review: A History of Central Banking

“Usury once in control will wreck the nation.” ~William Lyon Mackenzie King

By Catherine Austin Fitts

When the history of the failure of the United States is written, the virus that brought the empire to its knees will be financial criminality and usury.

The NY Fed, a privately owned back that serves as depository of the US Government and agent for the Exchange Stabilization Fund, has systematically run the government accounts outside the law – $21 trillion is missing from the US government as of 2015, after which the US government adopted a policy of keeping its books and accounts secret.

The NY Fed and its member banks are legally liable – both for the $21 trillion as well as for stuffing our pension funds and retirement accounts with worthless paper in a manner violating securities laws. If you hear proposals that ownership of the NY Fed should be transferred to federal control, beware a transfer of $21+ trillion of liabilities to protect the private owners from having to return their winnings.

The NY Fed members banks can today borrow at 0-1% using our credit. With a 0% reserve requirement, they can create money out of thin air on a near infinite basis. But the average credit card holder in American pays 17+%. This is usury. It used to be illegal. The day it was made legal was the day that America’s failure became a fait accompli. It’s the magic of compound interest.

The current coronavirus “plandemic” in one sense is a cover story. There is indeed a virus destroying the world – financial criminality and usury. Now that it is destroying the dollar system, the same players are marketing new digital systems. The idea is that once they have wrecked the global economy at great profit to themselves, we can look to them to bring up a new system.

Good luck with that.

Stephen Mittord Goodson’s 4th Edition of A History of Central Banking and the Enslavement of Mankind is a unique look at the devastation that has been wrought through the centuries by privately owned central banks and the privileges their shareholders claim. It is a rare history not funded or written by the private owners of the central banks and the universities and think tanks they control.

If you want to understand why a world so blessed with wealth could become so poor so quickly, this is a book well worth reading.

Related reading:

Purchase Book

Stephen Mitford Goodson on Wikipedia

Books by Stephen Mitford Goodson

Caveat Emptor: Why Investors Need to do Due Diligence on US Treasury and Related Securities