I hate central banks. I really really hate central banks. More than I hate mushrooms, more than I hate big pieces of onion in my food. and almost as much as I hate my cake having any kind of nut on it. Here's why.
A central bank is a monopoly of the worst kind, a 100% monopoly. I don't know of anyone who actually likes monopoly's in our 'free market' economy. When a company gets too big, people starting hating it and try to stop using their products but find they can't rid themselves of said company only to hate them more; senators and other such jackals start pouncing on it for the single issue voters, creating legislation to restrict this one said company and so forth. We hate them and usually for good reason, they abuse their power at times, lobby governments to create legislation favourable to only them, suffocate innovation by smaller companies that might one day pinch away market share. Yet almost all countries on this planet, suffer the monopoly of a central bank.
A central banks primary job is to lend money to the government, other private banks and to control the money supply of that country. First things first, a central bank is first and foremost a bank. Kind of obvious, but has to be said. It is never a part of the government and nor does any government have any kind of power over it except usually to enact an arbitrary law or two that simply slows it down but by no means stops it. Being a bank, it charges interest on all of its loans to the government and to the nation's private banks. Now if you think about it logically, if all the money in a country's money supply comes from the central bank, then where does the money to pay back the interest come from? The logical answer to that is very simple, that money doesn't exist. The not so logical answer which is usually how our world is governed is this; You must go back to the central bank, borrow more money to pay off the previous principal + interest you had borrowed to keep from defaulting. It's the most ridiculous system we could possibly live in. That's the equivalent of you (economy) borrowing $10,000 from a loan shark (central bank) at 10% interest, then spending it and then going back to that SAME loan shark (central bank) and borrowing $11,000 to pay your existing debt, but then you (economy) must also borrow even more since you (economy) are now without money; are starving, without a plasma tv and out on the street in the cold.
All of this has a very specific purpose, and that purpose is to create debt. It puts the government in debt by which it must then tax their populace for repayment of this debt. Private banks then advertise the availability of easy credit, and credit cards become proliferated throughout society, house prices are pushed upwards due to the easy availability of loans; and before you know it, it is the >>insert country here<< dream to own a house, a car and be in a huge amount of debt for 25+ years. Guess what happens when your in debt, you now have less freedom since you cannot afford to be without a job, and you might accept a lower paying job out of need to pay off your debt. It makes you less likely to rebel against the establishment, more likely to acquiesce to a gradual restriction of your liberty and increasingly likely to not do anything about your governments constant rolling over to the bankers since you have too many of your own problems to deal with.
A central bank usually only deals with fiat currency. That is, a currency that has no backing, has no intrinsic value. It derives it value from the existing money supply, thereby causing inflation which robs people of their moneys value. Then to further add insult to injury, a central bank deals with fiat currency that is almost always coupled with fractional reserve banking in which banks create nine times the amount of money that is deposited into their banks. So if you deposit $10 into a bank, the bank and other banks can turn around and create $90 of additional money out of nothing to use as loans to other consumers, therefore also creating inflation, and robbing the layman of more of his moneys.
A central bank is always coupled with a fiat currency, and fractional reserve banking that captures the populations attention by the 'apparent' increase in wealth that people see in their wallets; I put apparent in single quotation marks since the increase in wealth is merely an illusion due to inflation. So all we see is more and more money in our wallets, and fancy ourselves just a tad richer so whatever system we are in, it must be working right?
This is a classic example of a few power hungry individuals in government and the rich elite thinking up a scheme on how to control the masses. One particular group of people actually inventing it or reusing the idea; that particular country was the USA for the modern rebirth of central banks for the record; and then every other country pointing to the USA and implementing their own saying how great the system was, and there will be increased liberty and wealth for all. Of course, it was all a bunch of bullshit. The people of the world were hoodwinked into such an establishment, it has now spread to almost every country along with capitalism. It is now another method of control, just as religion once was and still is, puppet governments setup by foreign or internal interests which is increasingly common in the western world as it is in the recently invaded,.
Bottom line imo is that central banks are the new God. First there were many Gods, constantly updated with each new civilisation to explain the order of things. These Gods needed sacrifices, and crops to keep them happy. Then come the one true God, who needed money to help the people of the world, then there come central banks to Lord over us. Not everyone believes in God, and it's quite easy though not quite common to not believe in a God that doesn't exist. It's a lot harder however to forego not believing in the value of money. Since how will you feed, cloth and house yourself short of living in the woods and hunting for deer and rabbits.
It seems the powers that be are constantly trying to refine and update their methods of control, constantly getting better and making it harder to boycott it. I hate central banks, and I hate money but for now it seems like I cannot live without at least one of them.