Central banks take orders from states and capitalist banks in ‘peace’, but current CBs are armed with monetarists’ counterfactual ‘lessons’ of the Great Depression: non-evidence. Glaring facts omitted include the 1929-31 resistance against Bankers’ Ramps in Britain and Australia notably, when social democratic governments were dismissed and depression made worse by banks and central banks. Only the US enjoyed the boom, its collapse hit everyone but, given America’s ruling elites loathing to this day of unemployment payments, amelioration in Britain and Australia outraged the US. Australia had multiplier programmes and gave up gold but the BoE, the City, UK Treasury, even Australia’s state-owned ‘People’s Bank’ and private banks turned against Australia’s Labor government. Yet the Commonwealth Bank was reformed forthwith. British Labour’s government was less assertive but sacked, and the Bank of England had multiple nefarious roles. Electoral timing was crucial; by Roosevelt’s election in 1933, depression was so deep that Bankers Ramps barely figured, save for France’s Leon Blum in 1936. Fascists in Japan and Germany took over their central banks. The Bank of Canada shook free of vicious BoE and UK Treasury designs for subservient Dominions in 1938, the Reserve Bank of India slightly before independence.