The people getting screwed hardest by our economic system are the ones keeping it running. Workers accept 3% inflation as normal while banks pay 0.5% interest. This unconscious compliance props up Western economies—but for how long?
In our current monetary system, central banks around the world are pivotal in shaping national economic policies and managing currency systems. A key function of central banking is the issuance of currency.
The Finance and Expenditure Committee of the New Zealand government held a meeting with the nation's central bank governors yesterday during which the country's central bankers admitted two things.
"The Great Taking," exist to provide a deeper understanding of the financial system and its profound implications.
History doesn't rhyme, it repeats. And what we're living through right now seems to be a repeat of the banking crises that led to the Great Depression and Weimar Republic hyperinflationary event.
On June 20th, the Bank of International Settlements released it's blueprint for the future monetary system. I read the 25-page breakdown so you don't have to.
Essentially, the Fed's chaotic policy bakes in sudden cascading sells into the balance sheets of the banks.
