Wikipedia:WikiProject Central banking
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WikiProject Central banking has been created in accordance with the Council Guide within the category of Business and Economics on the Council's Directory. Because the 'project' aspires to better organize and help develop Central bank content and its related subject matter, and in keeping with Wikipedia's policy of observing a neutral point of view, contributors should consider the perspectives of others who may associate Systemic bias with this topic.
WikiProject Central banking open tasks This project creates and improves neglected articles.
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[edit] 'Orienting Generalizations'
Because the exercise of 'critical assessment' involves an elicitation of 'value' and 'value', by definition, derives its meaning in respect to context, this section introduces (to borrow a term from Ken Wilber) a few 'orienting generalizations'. Denoting an approach originating from points of agreement which "reveal a shared world-space", these tenets reflect certain underlying or 'assumed' truths about central banking.
- 1) Central banking is generally levied as a debt-based monetary system by a sanctioning host nation.
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- "The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States."
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- Because the Federal Reserve both creates and regulates the flow and circulation of currency, when United States expenditures exceed its income, the interest accrued on the deficit is paid in part from Federal tax revenues.
- 2) There are formidable parallels between the developmental history of both central banking and a global military-industrial complex.
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- "The term military-industrial complex was first used publicly in 1914 by the Union of Democratic Control whose founders attributed "the outbreak" of World War I to "secret international understandings" not otherwise "subject to democratic overview".
- 3) For these reasons, central banking exerts a subtle, but nearly unfathomable influence on a nation's cultural and socioeconomic existence.
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- Qualifying organizations within the United States are granted a 501(c)(3) tax-exempt status when "operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes".