Are Central Banks Losing Control?

[PokerFace3]

Any entity without reasons will not survive and I believe this is time for banks to change themselves. By considering bitcoin as game changer, we can expect the total banking concept itself may get fade away. When people are not finding their comfort with banking system, it would be obvious that banks will lose their dominance.

You mean to say banks are not fit for human anymore and they will get replaced by decentralized concept based ideas ? I think you are making sense but banks are with us for centuries and if they are not in comfortable zones of human, I guess they would have found their end some long time back itself.

There are enough discussions about banking system getting replaced by bitcoin and I am not going into that. But bitcoin is getting popular and that may lead to another era in terms of how financial institutes contribute/dominate to human life.

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[Supercrypt]

I just found an new article related to this discussion : 88% of global banks sweat over losing revenue to FinTech firms
https://www.cryptocoinsnews.com/pwc-report-global-banks-fintech-concern

Any entity without reasons will not survive and I believe this is time for banks to change themselves. By considering bitcoin as game changer, we can expect the total banking concept itself may get fade away. When people are not finding their comfort with banking system, it would be obvious that banks will lose their dominance.

You mean to say banks are not fit for human anymore and they will get replaced by decentralized concept based ideas ? I think you are making sense but banks are with us for centuries and if they are not in comfortable zones of human, I guess they would have found their end some long time back itself.

You can go more specific like bitcoin is that idea and I believe it is already happening. Just check the above cryptocoinnews link, it is the very good evidence that banks are getting replaced. Banks may be here for years but they are failing to as per modern thinking of common bank. They are favoring people in power all the times but not for the common people. I guess this alone more than enough for banks to lose their control.

[dothebeats]

Any entity without reasons will not survive and I believe this is time for banks to change themselves. By considering bitcoin as game changer, we can expect the total banking concept itself may get fade away. When people are not finding their comfort with banking system, it would be obvious that banks will lose their dominance.

Hmm,  Banks exist because of a reason, certainly bank will survive.  They are critical for to the stability of world wide financial system and the government themselves won't allow it to collapse.  We can  see Bitcoin long faded but Banks, never.


Central Banks maybe losing control at this point but they are always evolving, changing policies and rules to adopt for the current situation,  they are even backed by the government legislation to make sure that they are always strengthen.  Once they had adjusted, they will again regain control.

I also think that the banks will survive. They are controlled by the government. Banks control the distribution and flow of maternity money. Without them, the functioning of the monetary system is no longer possible.

It actually goes the other way around: banks control the government. These endless, bloody wars are being financed by banks in order to gain more and more money on their stashes. Also, do you think that most of the powerful leaders really act on their own for their country's sake? Think again. These blokes are actually acting holy so that people would entrust them more and in turn, keep the banks lessh on us people for more generations to come. For 300 or so years we are being controlled; the money we thought is ours is actually owned by them, and it ultimately ends up to them.

[Hydrogen]

Wallerstein is right: central banks--including the Federal Reserve-- are losing control of the value of their currencies, their role in the global economy and the social discontent that arises as central bank policies negatively impact average citizens.
It's by no means guaranteed that central banks will be able to maintain their death-grip on interest rates, either.
Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding. The returns on their "investment" is diminishing rapidly, and they're losing control of everything that matters.

I think this is a good summary of OP article ^.

$200 billion a month requirements for the global financial system to avoid collapse seems unsustainble to me.

Which could infer the question what happens when such "quantitative easing" programs are no longer tenable?

There was another article I read which claimed banks profit from those QE programs.

There could be some conflicting info, present.

[Qartersa]

Based on my readings, I must say there is a bit of erosion on Central Bank's end given the birth of online currencies like Bitcoin. It is so because the prevalence of Bitcoins does not need a centralized management for it to be operative and useful unlike that of legal tenders. Also, there is a widespread usage of Bitcoin in the online world that cannot be denied. Perhaps, some companies already accept it as a form of payment notwithstanding any governmental regulation to the contrary.   

[webtricks]

Based on my readings, I must say there is a bit of erosion on Central Bank's end given the birth of online currencies like Bitcoin. It is so because the prevalence of Bitcoins does not need a centralized management for it to be operative and useful unlike that of legal tenders. Also, there is a widespread usage of Bitcoin in the online world that cannot be denied. Perhaps, some companies already accept it as a form of payment notwithstanding any governmental regulation to the contrary.   

I don't think the same. Ask a Central Bank employee of your country if you get a chance, he will be burden as same as he was 10 years back. Central Bank is authoritative body for currency control in country. Till now, I don't feel that Cryptocurrencies have been able enough to dilute any importance of national currencies of the countries. So, even Central Bank has similar control over money in economy as it was having before inception of virtual currencies. Moreover, its hold on currency circulation has been rather increased due to increasing inflation. 

[olushakes]

I will agree that they are really losing it because here in my country, the central bank with all their various policies here and there have not been able to curb the rate at which inflation is happen when they themselves do not understand what is even going on in the system. What they are just doing now is what I regard as trial and error approach to solving problems of the economy.

[Pab]

Central banks are serving banksters,sure thay have lost controll but so what banksters have enough money on his secret accounts to survive if there is not enough thay will take our money,now money are just digital numbers in banks books