Next Phase of Syrian Invasion Begins -- The Central Bank ConnectionBrandon Turbeville Likewise, it is true that by controlling a nations currency, one essentially controls the nation. Governments who are beholden to third parties and private banks for their money are not governments at all they are receiverships existing solely at the pleasure of the controlling oligarchy. As Mayer Amschel Rothschild once stated, Give me control of a nations money supply and I care not who makes its laws. Thus, when one takes a look at the worldwide banking system and, in particular, the amount of countries with government-owned, non-Rothschild affiliated central banks, one easily sees a monopolistic system coming into view. In addition, when one takes a closer look at those countries with government-owned central banks, independent of Rothschild and major financier control, it becomes even clearer that maintaining a government-mandated structure of currency and central banking places a nation on a very dangerous list. Existing as one of the last nations on the face of the earth that has not allowed itself to become subservient to a privately-owned central bank, Syria now finds that national financial independence does not come without the price of presenting oneself as a preferred target for the banking cartels and the nations they control. The primary legislation establishing a central bank and control of the banking system was passed in 1953, but the Central Bank was not formed until 1956. Its functions included issuing notes, controlling the money supply, acting as fiscal agent for the government, and controlling credit and commercial banks. It was also to act as the countrys development bank until specialized banks were established for various sectors. The Central Bank had considerable discretionary powers over the banking system but was itself responsible to and under the control of the Council on Money and Credit, a policy group of high-ranking officials. Country Studies continues by stating that The general philosophy was that the banking system should be an agent of government economic policy. No doubt such a concept is a novel idea in 2013, perhaps even more so than it was in 1953. Progress toward this medium-term goal should start by having the central bank gain full control of existing direct instruments. The central bank should have the right to decide on credit ceilings and credit policies of banks with a view to ensuring a pace of credit and monetary expansion consistent with maintaining price stability while fostering economic activity and employment. Banks have to abide by all prudential regulations. Beyond this, the role and responsibilities of the central bank and the ministry of finance in exercising oversight on the banks should be clearly defined. While the government could play a lead role in choosing the board and the management of public banks, the CBS should have the authority to evaluate and approve banks policies, and procedures related to the credit and investment. Clearly, if these are the responsibilities the IMF believes the Syrian Central Bank should have, then it logically follows that they are responsibilities it does not have currently. Thus, the Central Bank is at least kept in check by the refusal to allow it unbridled control over monetary policy as a private independent institution. [1] Griffin, David Ray. The New Pearl Harbor. Interlink Publishing Group. 2004. Read other articles by Brandon Turbeville here. Brandon Turbeville is an author out of Florence, South Carolina. He has a Bachelors Degree from Francis Marion University and is the author of three books, Codex Alimentarius The End of Health Freedom, 7 Real Conspiracies, and Five Sense Solutions and Dispatches From a Dissident. Turbeville has published over 200 articles dealing on a wide variety of subjects including health, economics, government corruption, and civil liberties. Brandon Turbevilles podcast Truth on The Tracks can be found every Monday night 9 pm EST at UCYTV. He is available for radio and TV interviews. Please contact activistpost (at) gmail.com. 