one random quotation out of 27,101 quotations
author/source
Michel Chossudovsky

The Global Economic Crisis
The Great Depression of the XXI Century
Michel Chossudovsky and Andrew Gavin Marshall, Editors
Global Research, 2010, paperback
p55
keyword(s)
global economic crisis
global elite
financial elite
international bankers
Federal Reserve
central banks
money
debt
Wall Street


quotation
All public debt operations go through the Federal Reserve, which is in charge of monetary policy, acting on behalf of private financial interests. The government as such has no authority over money creation. This means that public debt operations essentially serve the interests of the banks.