[LS]

Cool. Find me one advanced major nation-—Switzerland doesn’t count-—that doesn’t have one. Waiting , , .

[PieterCasparzen]

Cool. Find me one advanced major nation-—Switzerland doesn’t count-—that doesn’t have one. Waiting , , .

The fact that they exist does not prove that they are necessary.

If there is a conspiracy by international banking / financial elites, however, the fact that every advanced major nation has a central bank would serve as evidence of the extent of the conspiracy.

Speaking of central banks, I find it fascinating that the recent Libyan revolt resulted in the creation of a new central bank for Libya before the dust had even settled.

Gotta hand it to those central bankers, they are fantastic at revolutions.

[BfloGuy]

Cool. Find me one advanced major nation-—Switzerland doesn’t count-—that doesn’t have one. Waiting , , .

What the heck does that have to do with anything. If Switzerland jumps in the lake, do we have to, too?

Look. Every nation has a central bank for the same reason: to participate in the monetary war to keep its currency's exchange value competitive with [or below] all the others'. That great race to the bottom written by John Maynard Keynes and produced at Bretton Woods.