Taking away this central bank artificial subsidization of the private sector, especially the financial side of the private sector, would almost certainly lead to a financial and real collapse of the global economy. It is thus highly unlikely that the Fed, Bank of England, Bank of Japan or European Central Bank will be able any time soon to retreat much from their massive liquidity injections that have been the hallmark of central bank policy since 2008.

“Rasmus documents the ties of the Federal Reserve to Wall Street and demands democratization of central banking with a series of common sense solutions. A great book. I learned a lot from it . ” LARRY COHEN, Board chair, Bernie Sanders’ Our Revolution