Question. Why isn't there much on other CBs? Are they different? Are they controlled by other CBs? Are they the same, but just not a single european did any work but Americans?
Being from Poland, I'm curious who runs the Polish Central Bank NBP? I know it had weird things in its past, eg. the first post-WW2 notes where printed in Soviet Union and had grammar mistakes because soviets were in charge of that. I've hear Polish CB is controlled by London Citi, but that's it.
Because most other CBs keep about 60% (directly) forex reserves in USD held at FED, and can be seized any time in minutes causing other, local currencies loose value immediately. Aftermath such actions is local governments loose power to govern people and chaos follows.
FED controls not only other CBs, but entire countries.
So the FED story is the only story CB story that practically matters, because of the global currency pecking order? That would explain it.
at least that's my understanding, and if you add math of paying debt interest of each country on top of debt interest reserve currency you see why USD is the king of all fiduciary currencies.
