Crime Against Humanity: “National”, “Federal”, “Central” Banking, 2
And indeed that has been the outcome of bank wars: central banks were enforced thanks to the power resulting from criminal consolidation, with the exact purpose of producing further criminal consolidation at the expense of “lesser” criminals, and of all of us in the first place. A substantial engulfment, laying the foundations for further substantial engulfments, towards what loot? Removing any and all possible restraints to unleashing the privilege of issuing debt money out of nothing through the fractional reserve scam, and to its progressive monopolisation in the long run: the absolute oligo−monopoly over the infinite debt trap.
And, indeed, a real−world case of these bank wars took place in the United States around the eighteenth century and was nicknamed “wildcat banking”.
The frontier drove a general socioeconomic expansion, that is, an expansion of exchangeable products, which in turn required a commensurable expansion of media of exchange and payment. Initially, banknotes were not monopolistic money but sorts of negotiable instruments any business and government could issue, and banks were not required any peculiar charter and were not that different from any other business; that the issuer backed its negotiable instruments with real value were an ordinary matter of business competition and law enforcement: if a bank went too far selling empty bottles as a miracle cure, either account holders would abandon the ship for a competitor or law enforcement officers would board it.
In response to that demand for expansion of the money supply, though, a governmental permissive attitude developed towards − guess what! – the increase of the inherent speculative tendency of banks to evade backing their banknotes with real value; the term “wildcat banking” meaning that some banks settled in such unwelcoming places that only wildcats would go there to redeem their banknotes in gold. At the same time, the Federal Constitution forbade the States to issue money, which doubled the incentives to banking, so much that States resorted to banks, too, whatever private or their own.
