{"id":26910,"date":"2017-10-16T20:25:28","date_gmt":"2017-10-17T01:25:28","guid":{"rendered":"http:\/\/olduvai.ca\/?p=26910"},"modified":"2017-10-16T20:25:28","modified_gmt":"2017-10-17T01:25:28","slug":"how-the-elite-dominate-the-world-part-2-99-9-of-the-global-population-lives-in-a-country-with-a-central-bank","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=26910","title":{"rendered":"How The Elite Dominate The World \u2013 Part 2: 99.9% Of The Global Population Lives In A Country With A Central Bank"},"content":{"rendered":"<div class=\"post-headline\">\n<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/how-the-elite-dominate-the-world-part-2-99-9-of-the-global-population-lives-in-a-country-with-a-central-bank\">How The Elite Dominate The World \u2013 Part 2: 99.9% Of The Global Population Lives In A Country With A Central Bank<span style=\"color: #333333; font-size: 16px;\"><\/span><\/a><\/h3>\n<\/div>\n<div class=\"post-bodycopy clearfix\">\n<p><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/how-the-elite-dominate-the-world-part-2-99-9-of-the-global-population-lives-in-a-country-with-a-central-bank\/great-seal-on-the-dollar-public-domain-2\" rel=\"attachment wp-att-12991\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-12991\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2017\/10\/Great-Seal-On-The-Dollar-Public-Domain-460x345.jpg\" sizes=\"auto, (max-width: 460px) 100vw, 460px\" srcset=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2017\/10\/Great-Seal-On-The-Dollar-Public-Domain-460x345.jpg 460w, http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2017\/10\/Great-Seal-On-The-Dollar-Public-Domain-300x225.jpg 300w, http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2017\/10\/Great-Seal-On-The-Dollar-Public-Domain-425x319.jpg 425w, http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2017\/10\/Great-Seal-On-The-Dollar-Public-Domain-400x300.jpg 400w, http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2017\/10\/Great-Seal-On-The-Dollar-Public-Domain.jpg 640w\" alt=\"\" width=\"460\" height=\"345\" \/><\/a>Even though the nations of the world are very deeply divided on almost everything else, somehow virtually all of them have been convinced that central banking is the way to go.\u00a0 Today, less than 0.1% of the population of the world lives in a country that does not have a central bank.\u00a0 Do you think that there is any possible way that this is a coincidence?\u00a0 And it is also not a coincidence that we are now facing the greatest debt bubble in the history of the world.\u00a0 In <a title=\"Part I of this series\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/how-the-elite-dominate-the-world-part-1-debt-as-a-tool-of-enslavement\">Part I of this series<\/a>, I discussed the fact that total global debt has reached 217 trillion dollars.\u00a0 Once you understand that central banks are designed to create endless debt, and once you understand that 99.9% of the global population lives in a country that has a central bank, then it finally makes sense why we have accumulated so much debt.\u00a0 The elite of the world use debt <a title=\"as a tool of enslavement\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/how-the-elite-dominate-the-world-part-1-debt-as-a-tool-of-enslavement\">as a tool of enslavement<\/a>, and central banking has allowed them to literally enslave the entire planet.<\/p>\n<p>Some of you may not be familiar with how a \u201ccentral bank\u201d differs from a normal bank.\u00a0 The following definition of a \u201ccentral bank\u201d comes from <a title=\"Wikipedia\" href=\"https:\/\/en.wikipedia.org\/wiki\/Central_bank\" target=\"_blank\" rel=\"noopener\">Wikipedia<\/a>\u2026<\/p>\n<blockquote><p>A <b>central bank<\/b>, <b>reserve bank<\/b>, or <b>monetary authority<\/b> is an institution that manages a <a title=\"State (polity)\" href=\"https:\/\/en.wikipedia.org\/wiki\/State_(polity)\" target=\"_blank\" rel=\"noopener\">state\u2019s<\/a> <a title=\"Currency\" href=\"https:\/\/en.wikipedia.org\/wiki\/Currency\" target=\"_blank\" rel=\"noopener\">currency<\/a>, <a title=\"Money supply\" href=\"https:\/\/en.wikipedia.org\/wiki\/Money_supply\" target=\"_blank\" rel=\"noopener\">money supply<\/a>, and <a title=\"Interest rate\" href=\"https:\/\/en.wikipedia.org\/wiki\/Interest_rate\" target=\"_blank\" rel=\"noopener\">interest rates<\/a>. Central banks also usually oversee the <a title=\"Commercial bank\" href=\"https:\/\/en.wikipedia.org\/wiki\/Commercial_bank\" target=\"_blank\" rel=\"noopener\">commercial banking system<\/a> of their respective countries. In contrast to a commercial bank, a central bank possesses a <a title=\"Monopoly\" href=\"https:\/\/en.wikipedia.org\/wiki\/Monopoly\" target=\"_blank\" rel=\"noopener\">monopoly<\/a> on increasing the <a title=\"Monetary base\" href=\"https:\/\/en.wikipedia.org\/wiki\/Monetary_base\" target=\"_blank\" rel=\"noopener\">monetary base<\/a> in the state, and usually also prints the national currency,<sup id=\"cite_ref-1\" class=\"reference\"><a title=\"[1]\" href=\"https:\/\/en.wikipedia.org\/wiki\/Central_bank#cite_note-1\" target=\"_blank\" rel=\"noopener\">[1]<\/a><\/sup> which usually serves as the state\u2019s <a title=\"Legal tender\" href=\"https:\/\/en.wikipedia.org\/wiki\/Legal_tender\" target=\"_blank\" rel=\"noopener\">legal tender<\/a>.<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>How The Elite Dominate The World \u2013 Part 2: 99.9% Of The Global Population Lives In A Country With A Central Bank Even though the nations of the world are very deeply divided on almost everything else, somehow virtually all of them have been convinced that central banking is the way to go.\u00a0 Today, less [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[3172,122,123,124,195,14713,1782,15298,12588,15299,15300,15301,15302,3461,15303,6069,15304,15305,15306,1866,6061,317,15307,341,4901,6231,549,4638,15309,15310,11960,12026,8645,14726,860],"class_list":["post-26910","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-bankers","tag-central-bank","tag-central-banking","tag-central-banks","tag-debt","tag-debt-slaves","tag-debt-spiral","tag-debt-based-currency","tag-debt-based-financial-system","tag-debt-based-money","tag-debt-free","tag-debt-free-currency","tag-debt-free-money","tag-debts","tag-depressions","tag-economic-collapse-blog","tag-economic-pain","tag-economic-problems","tag-endless-debt","tag-federal-reserve-act","tag-financial","tag-financial-system","tag-fix-the-economy","tag-future","tag-michael-snyder","tag-michael-t-snyder","tag-national-debt","tag-recessions","tag-shut-down-the-federal-reserve","tag-shut-it-down","tag-the-fed","tag-the-federal-reserve","tag-the-u-s-dollar","tag-u-s-national-debt","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26910"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26910\/revisions"}],"predecessor-version":[{"id":26911,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26910\/revisions\/26911"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}