Today Central Banks are the most important players in the global economy. They set the interest rates that runs the present global financial system. Printing money is free of these Central Banks. They just need a printing press to print and pump trillions of dollars into the economy. But there is a limit to how much money can be pumped into a economy. This week the European Central Bank unveiled a massive stimulus program — worth $1.3 trillion — to lift the region out of its economic malaise. It was the latest in a long line of stimulus measures from central banks around the world. But it will only work if everybody else follows through.
Will this limitless printing of money bring the demise of the present global financial system? Watch the documentary below that explains in detail how modern Central Banks work and how money creation is done and what are it effects on the economy.