The Root Of All Evil Essay

3035 words - 12 pages

“Give me control of the nations money supply and I care not who makes the laws.” (Amery pg. 6 pa. 2)These were the words spoken by the man who started the wealthiest Dynasty on the face of the earth: Mayer Amschel Rothschild of the UK. He is one of a few unique businessmen that have influenced the worlds market since the early beginning of the United States. Some people call these men International Bankers, for they have no boundary of where they can span their influence. Private Central Banking Systems are not necessary for the issue of currency for our nation. There is no reason that a private corporation should profit from issuing a currency that is not even backed by gold. Through the process of this reading, I will make evident the problems that occur with private central banking and show that we need to develop a better Economic system for our government.It is said that money is the root of all evil; I believe this in some aspects to be true. People thrive off of money and it is in almost everyone’s interest to grow up and become rich someday. Some people have extended far beyond what anyone should ever do to become wealthy; some people have killed for their plots to be successful. Privately-owned central banking systems are owned and managed by a private corporation and they provide the currency medium for a given nation. The central bank in the US is known as the Federal Reserve System or AKA the “Fed”. In Europe it is disguised beneath the grip of the Rothschild Family, who are the largest profiteers of war ever known to mankind. They are also the biggest financial backers of the issue of the European Unions Euro dollar, and it is issued with interest and is the source of currency for mostly all of Europe. According to a Forbes blog, The Rothschild Family has been estimated at 100-300 Trillion dollars with all of their stock holdings which include: Federal Reserve, Bank of England, Bank of Canada, and Bank of Australia & New Zealand, Shareholders of the Bank of International Settlements, the World Bank, & the International Monetary Fund. These Private Banks and Stock Holders run not only the European economy, but the worlds market as well. They are not necessary for the success of the financial world, they are merely imposed upon because of the sphere of influence they have with their unimaginable amount of wealth. With their strong political ties and our world’s dependency on their funding, they have developed a society that they have so tightly gripped; we may never clean corruption from within our financial system. If the European Union were to issue its own currency, free of interest and written off as public utility, they could escape from the unneeded influence of central bankers and be free of their dependency on them. The only problem faced with that is that the Euro is backed by gold and other precious entities, and so therefore value is needed when a Euro is issued. Who would you rather...

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