Central banks - who stays behind?

[advertman]

Who stays behind central banks? What is your opinion?

[Positid]

Who stays behind central banks? What is your opinion?

Please do elaborate further what you are trying to imply here. I don't get what's exactly you are trying to say. Sorry!

[pitham1]

Who stays behind central banks? What is your opinion?

If you are implying that governments control central banks, that is correct. While central banks are theoretically supposed to be independent, very few central bank governors can survive in their posts if they don't have the support of the government.

[AdolfinWolf]

Who stays behind central banks? What is your opinion?

If you are implying that governments control central banks, that is correct. While central banks are theoretically supposed to be independent, very few central bank governors can survive in their posts if they don't have the support of the government.

Indeed, it is controlled by the government, These central banks have massive lendings from the government, which are already impossible to pay back, so therefor at some day the bubble is going to burst, and some currencies are going to drop a hell of a lot, take for example the central bank of europe, where draghi is pumping out millions of euro's every day. The EU already has a debt of 11.656.129.521.903EUR

[Gotottack]

I didn't get the question for discussion here. Maybe you should change it to something else that would make more sense OP. Or you could ask a question connecting central banks to Bitcoin. Something like that. Right now the question or the statement is not conducive of a discussion in my opinion.

[eternalgloom]

I didn't get the question for discussion here. Maybe you should change it to something else that would make more sense OP. Or you could ask a question connecting central banks to Bitcoin. Something like that. Right now the question or the statement is not conducive of a discussion in my opinion.

I think he's asking if people are still in favor of central banks as opposed to decentralized monetary systems.
Just guessing here, like you said, it's a pretty weird question.

[Gotottack]

I didn't get the question for discussion here. Maybe you should change it to something else that would make more sense OP. Or you could ask a question connecting central banks to Bitcoin. Something like that. Right now the question or the statement is not conducive of a discussion in my opinion.

I think he's asking if people are still in favor of central banks as opposed to decentralized monetary systems.
Just guessing here, like you said, it's a pretty weird question.

If that is the case, then I would say I would still like both of them to be available. We can't have only decentralized money because I think this might bring instability to the world. Because no one can control anything and that would probably create chaos in the financial districts of every country,

[buwaytress]

If you think about it, some of the larger exchanges are mirroring central banks, in the sense that they are centralising some aspects of bitcoin on smaller scales. What are some activities that exchanges do for profit that are also how banks get their income from?

1. Exchange (duh) at spreads or fees that are lower only for wealthier clients.
2. KYC or due diligence activities - and therefore, collecting and storing of confidential information.
3. Lending.

The currency may be decentralised but there will always be forces trying to exercise control over it.

[piloder]

Who stays behind central banks? What is your opinion?

Actually central banks should be independent body but in most of the countries they were controlled by government and their decision were always influenced by big banks. Situation of central banks in developing countries are even worse, they operate just to make good profit for big banks.

[Ayers]

Who stays behind central banks? What is your opinion?

Actually central banks should be independent body but in most of the countries they were controlled by government and their decision were always influenced by big banks. Situation of central banks in developing countries are even worse, they operate just to make good profit for big banks.

so that explain why they cahnge some fee rate on house and stuff like that it's because the government need more money so it ask the bank to increase the taxation, but i know that in some country the banks are more relevant and strong than the government itself, especially in those corrupted government country

[zero1ten]

Most central banks are independent of the country's government, the chairman and board of directors  are usually consist of bankers who came from the private sector like Goldman Sachs, Citi group etc.

[Dahhi]

In countries with corrupt governments, central banks are just financial extensions of the president's whims

[socks435]

In countries with corrupt governments, central banks are just financial extensions of the president's whims

i think almost all governments are corrupt like here in my country many people here are corrupt this is why many people here are poor.. because of this issue of our country. banks are controlled by government. unlike butcoin that you have a freedom to use it there is no government involve,.

[bitbunnny]

If I understood well you mean the central state banks so they are under influence of governments. Formaly they shouldn't be but in fact they are. I know that in some countries they took some activities to test the blockchain and Bitcoin or tried to regulate it some way.

[sportis]

If I really understand what @OP wants to tell is if the banks are working accordance with the laws of the global economy, that is, are independent or controlled (manipulated) by some. Some members of the forum answered that are controlled by the governments of each country. In my opinion the banks control  governments and not vice versa. I also believe that behind the banks are elite groups / families that control through banks determine the destiny of every country in the planet

[ikydesu]

If I understood well you mean the central state banks so they are under influence of governments. Formaly they shouldn't be but in fact they are. I know that in some countries they took some activities to test the blockchain and Bitcoin or tried to regulate it some way.

The govs already did it, there are some country who already regulated bitcoin as well, this is just for the govs purposed itself, i don't think they really do it without any purposed, besides that the govs itself hate with bitcoin because the network environment.

[mirakal]

If I understood well you mean the central state banks so they are under influence of governments. Formaly they shouldn't be but in fact they are. I know that in some countries they took some activities to test the blockchain and Bitcoin or tried to regulate it some way.

The govs already did it, there are some country who already regulated bitcoin as well, this is just for the govs purposed itself, i don't think they really do it without any purposed, besides that the govs itself hate with bitcoin because the network environment.

They hate it for the reason in the tax issues, with bitcoin they cannot collect taxes from the taxation online and criminals has a way to do anonymous transaction using bitcoin, it's not actually bitcoin only but the whole crypto world. We are here and we support bitcoin so it's going to be us against the government if they hate us.

[X-ray]

In countries with corrupt governments, central banks are just financial extensions of the president's whims

i think almost all governments are corrupt like here in my country many people here are corrupt this is why many people here are poor.. because of this issue of our country. banks are controlled by government. unlike butcoin that you have a freedom to use it there is no government involve,.

people always turning out to be greedy when just reached a good position in a government. even in developed countries also have some sort of corruption cases but not that much compared to the developing countries,and yeah banks are just a tools but indirectly

[Kevin77]

Who stays behind central banks? What is your opinion?

If you are implying that governments control central banks, that is correct. While central banks are theoretically supposed to be independent, very few central bank governors can survive in their posts if they don't have the support of the government.

Even central banks work independently, who are they to print and issue money ?
Apparently we are told that they reserve gold and issue money, but how they do get gold ? Seems a basic contradictory in our economy structure.

It is true, without reasons we trust our money/central bank/government for saving our wealth.  

[cotton ball]

The answer is still the government, we live in a country, and it is the duty of those who control the country's currency. If the state is already indicated corruption and collapse, we can be sure who controls behind it is another country that offers credit and lending interest rates, and of course it is difficult to stand on its own.

I think this question would only lead to one answer, because not significant