The world's first central bank, the Bank of England, was chartered in 1792, largely at the behest of Mayer Rothschild. He was the most politically connected, hence most influential banker in England at that time, and, in retrospect, the meaning of his remark is clear: give me a central bank which I can control and, over time, I can get around whatever institutional safeguards are present, and use it to seize control of the country. And that's what eventually happens in every nation that establishes a central bank. Rothschild's quote, in short is a concise description of the root cause of the present global crisis.