Who is the Central Bank of the Russian Federation really subordinate to?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

More and more people are becoming more and more interested in the question of who is subordinate to the Central Bank of the Russian Federation. The time has passed when the people "ate" everything that was served to them by domestic political "cooks", and even more so by foreign professionals - lovers of spicy food. Now most people want to understand what is really happening with our state. After all, not so long ago we had to endure the collapse of a great country and a lot of human pain. In order not to repeat such a scenario again, one must not stand aside, but at least start with an understanding of the processes in the world and the correct response to them.

"Give me the ability to print and control the country's money, and I don't care who writes the laws," Mayer Amschel Rothschild once said.

But indeed, those who have money are endowed with much greater opportunities than those who do not have them. However, as the legendary Sergei Bodrov said in the film "Brother-2": "Whoever has the truth is stronger." And if we proceed from this, then we need to pull the truth out. So, what role do central banks play in the financial system of the world order, in particular, the Central Bank of Russia? This is what the article is about.

The State Bank of the USSR and the Central Bank of the Russian Federation

In the Soviet Union there was a Statea bank that carried out all the orders of the government. Its leaders were appointed and removed by the Council of Ministers, which determines the necessary amount of money for the state. Thus, the Council of Ministers determined, and the State Bank issued them.

After the collapse of the Soviet Union in 1992, the functions of the State Bank were transferred to the Central Bank of the Russian Federation. However, these functions were fairly “modernized” thanks to Western “advisers”. What is the difference between functions, and how do they affect the economic situation of the state?

The fundamental difference between the two banks lies in their legal status. The first, as the name implies, was a state institution, but the Central Bank of Russia is not subordinate to the Russian Federation, as it is an independent legal entity (see the law on the Central Bank of the Russian Federation). Therefore, none of the branches of government influences or controls the Central Bank.

National currency

It would seem logical that the national currency of an independent country is located in the same state and belongs to it. And how could it be otherwise? It turns out it can. And not only can, but this is exactly what is happening at the present time in our world, including in Russia. The Russian currency - the ruble, it turns out, does not belong to the state. How is this possible? It's very simple.

There is an international organization where bankers, who began their history of acquiring we alth by doing nothing in England, have for centuries nurtured the idea of enriching themselves at the expense of the rest of the world. The IMF was created in the 20th centurywithin which they began to consistently implement this idea.

As a result, the gold of individual countries began to be stored somewhere in the warehouses of this organization, and thus gradually the national currency lost its independence. Today, the Central Bank cannot print as many rubles as its government needs, but only prints as many as it has purchased dollars. This is why the ruble does not belong to Russia.

Country's gold and foreign exchange reserves

The most interesting and piquant thing is that the country's gold and foreign exchange reserves are not stored in Russia, except for a small part of it. Among other things, the Central Bank cannot invest the funds of the gold and foreign exchange reserve in the economy of its own country. He was banned from it. But the funds are used to buy American securities and lend to other countries.

To be fair, other central banks are also forced to lend to foreign countries. However, they are allowed to lend, including to their own government to support the economy. But our Central Bank cannot. Prohibited by law. To whom is the Central Bank subordinate in this case? Not to his state, that's for sure.

Who is the Central Bank of the Russian Federation subordinate to?

In 1944, a conference was held at Bretton Woods, USA, which resulted in the formation of the International Monetary Fund. The IMF is the organization to which the Central Bank of the Russian Federation and the central banks of other countries are currently subordinate.

Fund Managementcarried out by Member States, where decisions are made by a majority vote of 85%. However, the weight of each country depends on their quota. The largest quota in the form of an irreducible balance (17.8%) belongs, of course, to the United States, which alone can veto any question they don't like. What the US has been doing successfully and doing throughout the life of the fund.

"Nationalization of the ruble - the path to the freedom of Russia" N. V. Starikov and amendments to the law on the Central Bank E. A. Fedorova

In the book "Nationalization of the ruble - the path to the freedom of Russia" the author describes in detail who reports to the Central Bank of the Russian Federation. 2014, 2015 in this issue make their own historical adjustments.

Together with the raising of the patriotic spirit among the Russians, people's discontent grew in connection with the situation in the Central Bank of the Russian Federation. Nikolai Starikov, in his book back in 2011, describes in an accessible and very detailed way the current financial system in the world. He proposes, as a solution to the problem, to withdraw from the IMF and legally subordinate the Central Bank of Russia to state power.

Deputy Yevgeny Fedorov submitted to the State Duma in 2014 an amendment to the law on the Central Bank, in which he proposed to remove the bank's dependence on the IMF. The amendment to the law was not adopted by the State Duma. This caused misunderstanding and protest among many people.

But with those to whom the Central Bank of the Russian Federation is subordinate, it is hardly worth acting so directly and openly. After all, our so-called partners are already very seasoned.

Quiet Revolution

The US and the EU live, as the people say, beyond their means. In fact, they liveon credit. At the same time, developing countries are reducing their external debt and are able to increasingly influence the economy in the world and take a leading position in the IMF. We are talking primarily about Russia, China and India. These countries are now trying to reduce Washington's influence in the IMF and strengthen their own. The BRICS countries have united in order to reduce the pernicious influence of the United States. And systematically implement it.

The United States is faced with a choice: to give up the IMF, as a result of which it will be necessary to “merge” Ukraine, reduce influence in foreign policy around the world and not cash in on the next global financial crisis, or Russia, China and India will “merge” the IMF.

In 2015, contrary to the expectations of the liberals, the Russian currency stabilized.

The President instructs the Central Bank to build power plants in the Crimea, which, as it seemed, he could not do. Foreign exchange commissioners unexpectedly appeared in the Central Bank, preventing speculation in the foreign exchange market. Elvira Nabiulina says that the key rate of the Central Bank will now be focused not only on inflation, but also on exchange rate stability and support for the economy.

To whom is the Central Bank of the Russian Federation subordinate today? It looks like Russia is starting to change the situation for the better.