Finally central bankers are going to be investigated. But the investigation won't involve the system itself or why central banks are given monopoly powers to print money.

According to this Bloomberg article, banks and central bankers have been facing a potential day in court because banking officials coordinated monetary giveaways in 2007-2008.

Say what? With all the immense corruption surrounding central banks, what's under investigation apparently has to do with whether banks were pressured to behave in a certain way so as to avoid public panic?

More:

In late 2007 and early 2008, with markets in a meltdown and the health of British banks under relentless scrutiny, the Bank of England belatedly pumped money into the financial system.

With money markets seized up and liquidity hard to find, banks were invited to trade assets for central bank cash.

At issue is whether officials nudged, steered or ordered — take your pick — financial firms to act in unison, ensuring that no single bank looked more desperate for assistance than its peers. In other words, were these transactions rigged?

This is a truly incredible question. The world's monetary system is rigged from top to bottom and thanks to central bank monetary manipulation is basically in an almost decade-long quasi-depression.

Worse, most of the world's central banks are doing something that's never been considered in the history of money: either charging negative interest rates or seriously considering it.

When central banks get through adjusting interest rates to even more thoroughly distort economies, they can move toward banning cash, worldwide, something that needs to be done in concert with negative interest rates.

A ban on cash has never been tried. But these central bankers and their handpicked government officials are an ambitious bunch. Uruguay, for instance, has already banned cash for gasoline purchases and several European countries are embarked on even more ambitious programs.