Central banks have invariably been used by their governments to create money for war funding. Britain, in fact, was able to maintain its edge over its rivals like France in the 17th – 18th Century because it had a money-creating central banking institution the Bank of England, which others lacked. The official website of the Bank of England tells us that “It was primarily founded to fund the war effort against France.” The secret of Britain’s edge over France was quickly discovered by the latter. Thus,Fond Montyon, a senior civil servant in the French Finance Ministry, recommended in 1770 that France should adopt a similar mechanism by espousing the same institution.
Where does money come from? Where does it go? Who makes it? The money magician’s secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You’ll be hooked in five minutes. It sounds like a detective story, which it really is, but it’s all true. Based on Mr. Griffin’s book of the same title, this address will shatter your old ideas about money and change the way you view the world. 1998 lecture.