Billmon: The Eurosystem's (Monetary) Control of Europe's Politics

Click here to access article by Billmon from Moon of Alabama.

The central bankers waged a 50-60 year political war to wrest back the monetary flexibility that the break down of Bretton Woods gave to national governments. Having won that war across most of the developed world in the 70s and 80s, they extended the battlefield to the emerging markets in '90s and '00s.

The autonomy of central banks (meaning the political allegiance to Wall Street/London City/Frankfurt etc.) was maybe the biggest neoliberal victory of all. If rightwing political victories (Reagan, Thatcher et. al.) were the beachheads of the Great Counterattack on social democracy then "independent" central banks became the citadels of the occupation forces: Neoliberalism's "Republican Guard."

This article reveals one of the biggest secrets of capitalist control of their nations, and this was very well expressed by one of history's biggest banker:

 "Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild