How Central Banks Rule the Financial World

Central banks control the money supply and interest rates that determine the cost of money globally. The Federal Reserve, ECB, Bank of Japan, and Bank of England make decisions that affect every economy. Central banks were created to prevent banking panics but have grown into the most powerful economic institutions.

The Federal Reserve manages the worlds reserve currency. The ECB sets policy for 20 countries. The Bank of Japan pioneered unconventional monetary policy.

Central bank decisions create and destroy wealth on a massive scale..