The fraud that is the central bank

Let's see if I got this right...

• Money is created by the central bank by lending it to the private banks at interest.
• The state treasury then funds government projects by borrowing money from the banks in the form of bond issues.
• The interest rate that the treasury pays for bonds is always higher than the interest rate at which the central bank lends money to the private banks.

In this way, the private banks get to milk the treasury for free through the central bank. Notice that both the treasury and the central bank are branches of government. Independent central banks are still part of the government, they are just independent from the executive. In this way, modern separation of powers is into four branches: executive, legislative, judiciary and monetary.

The inescapable conclusion is, though, that the idea of a central bank independent of the state's treasury is a fraud designed to allow private banks to rob the country of its resources at an exponential rate.

Why doesn't the government just create the money it needs to fund its own projects? It already has the authority (delegated to the central bank) to create money, and this would allow the government to fund its projects more cheaply since the current system is equivalent to the government creating money to fund its projects and then subsidizing the private banks proportionally to the money created.

Check out this newsletter on debt-free money.