2024 Documentary of the Year: The War for Bankocracy
“A memo published by the [Biden] White House … directly contradicts the U.S. Constitution by advocating governance by central banks—[it] received no attention from the media.”
~ John Titus
By Catherine Austin Fitts
To understand the world, we need to understand the invisible systems around us. One of the systems that is most essential to grasp is the central banking system. A major part of understanding central banks involves recognizing how they interact with national governments.
John Titus’s splendid and still unfolding series, The War for Bankocracy, is Solari’s Documentary of the Year for 2024 because it carefully elucidates why the relationship between the U.S. government (USG) and the U.S. central bank (the Federal Reserve or “Fed”) is unique in the world. Although the Fed admittedly exerts preponderant control over the money supply, it nevertheless remains, thanks to the U.S. Constitution, a “creature of Congress.” What John strives to show in this series is that the Fed’s member-owners would like nothing better than to shed that constitutional subservience once and for all.
Episode I of The War for Bankocracy, titled “Warning Shot,” focuses on a consequential memo issued by the Biden White House in May 2024, a “sales pitch” that expressly advocates central bank supremacy over the nation. The potential implications for the Fed-USG relationship are significant: governments where the central bank is legislatively “independent,” as in the European Union (versus constitutionally dependent, as in the U.S.), have no enforceable transparency into or control over their central bank.
In the series’ fascinating Episode II, “A Government unto Itself,” John dusts off some central banking history, examining the “tectonic power shift” that followed the creation of the Bank of England in 1694. As he explains, two facets of the Bank of England’s creation—its private and anonymous ownership and its issuance of debt-based money—have helped turned governance powers on their head, allowing money-coining to surpass the raising of armies as the “apex sovereign power.”
In Episode III, “The Lie of Fed Independence,” John looks at more recent history, comparing the U.S. Congress’s “manhandling” of the Fed during the 2008 Global Financial Crisis to its “abject servility” during the events of 2020-2021 and beyond—when Congress has turned a blind eye to “unfettered” Fed actions that have resulted in the worst inflation since the 1970s.
John has created many superlative videos in the past at his BestEvidence channel, but The War for Bankocracy—with three episodes released and more to come, and an extensive library of research materials and video clips available online—may be his chef d’oeuvre. Whereas the relationship of national governments and central banks typically is hard to explain—and often deathly boring—John does a brilliant job of not only unpacking the central bank-government nexus but making it wildly entertaining. As the central banks now move to assert control of fiscal policy with programmable money, the first three parts of The War for Bankocracy series provide essential background on the real system and why it is time to do something about it.
And don’t be surprised to see The War for Bankocracy win Documentary of the Year again as the series continues!
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