As for punctuation, I guess that the currently valid system doesn't modify "central banking" am I correct?
At 2:14
the currently valid system, central banking was established
Palabra the currently valid system, central banking was established This is mispunctuated. It should be: the currently valid system, central banking, was established "central banking" is in apposition. g.
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Palabrathe currently valid system, central banking was established
This is mispunctuated. It should be:
the currently valid system, central banking, was established
"central banking" is in apposition. It tells you what "the currently valid system" is (e.g. like "The US President, Donald Trump, ..." tells you who the US President is).