[Toddsterpatriot]

They come in handy during a panic. Unfortunately, they're only batting .500 Really screwed up in the 30s.

Did much better since 2008.

[PGR88]

Screwed up with Russian default, Tech-bubble, housing too

But its the nature of all Central Banks. They are agents of government and the powerful, to protect their interests.

In the USA the maintain the pretense of independence. In China, they just do what the Party and Government tell them

The result is the same though.