• The History of Central Banking

  • Oct 27 2024
  • Duración: 30 m
  • Podcast

The History of Central Banking

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  • Resumen

  • explore the relationship between central banking and the rise and fall of civilizations, arguing that private control of the money supply leads to corruption, economic instability, and ultimately societal decline. The author Stephen Mitford Goodson, who served as a non-executive director of the South African Reserve Bank, traces the history of money and banking from ancient Rome to modern times, highlighting instances where state-controlled, interest-free banking systems resulted in prosperity and periods of private banking control led to societal upheaval and war. He contends that the current global financial system, controlled by private institutions like the Bank of International Settlements, is inherently exploitative and unsustainable, ultimately contributing to a decline in living standards and a decline in birth rates. Goodson's analysis emphasizes the power of money and its control over the political and economic systems of the world, ultimately arguing for a return to state-controlled, debt-free money.
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