Fact of the matter is: "Central Banks" just are NOT real "banks" - and BY FAR, as I see it.
They are a whole "something else"... (rather MUCH undesirable)
So, now for my own definition, that I was kind enough to share with Mr. Paul Krugman, himself, a while ago (am I not that super sweet guy?! ;)
"[...]It's like in a rigged game of Monopoly. You're not the banker, just a regular player, but you have a unique privilege: you can have the banker print and hand you out as many bills as you wish during the game without the other players knowing. Need a drawing?
I urge everybody to re-read the Article 1, section 10 of the Constitution."
hence, what I meant to say, which maybe isn't evident enough, is:
the real "banker" (worth of the name - if we care about language utilization) is the one who has VAULTS, with GOLD in those.
The "Central Bank" is that "THING" which inserted itself between the real bank(s)/banker(s) and the markets / public to use an "elastic" device as regard to measuring the amount of gold that sits in the vaults.
And THAT is The VERY Ugly of the Central "Banks" nature.
See also: FIAT money.
My name is pronounced like "see real". I code stuff for a living and for pleasure. I care quite a bit about language.
I think America should consider doing the same, and... ASAP!
The Daily Paul is a community website with no official affiliation with Ron Paul. The content of posts and comments on t