Why the rich (friends of the Central Bank) get richer

[Bonsueley Profile]

Here's what people are talking about when they talk about “fiat money.”

It's the best explanation you'll find out why central banks are so dangerous and why the idea of having a privately owned central bank, such as we have in the United States, is a recipe for disaster.

Those closest to the top of the system get their money cheap and are able to pick up assets rock bottom prices. Everyone else without access to cheap money and who have to buy after the favored minority has gotten their pick, pays higher prices and higher interest for the very same products and services the bankers and their friends got at a serious discount.

If you're looking for reasons why the bankers are getting richer and richer while the rest of the economy is starving, there it is.

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Despite every effort by governments, the gap between rich and poor continues to grow. It is now the biggest it has even been in history. All sorts of reasons for this have been proffered, but few, however, seem to realise that is a simple, inevitable consequence of our system of money and credit. This video, a shorter version of which appears in the film The Four Horsemen, explains ...
Written and narrated by Dominic Frisby
Animated by Pola Gruszka
Produced by Renegade Economist
http://www.fourhorsemenfilm.com
http://www.dominicfrisby.net

[Boondox681 Profile]

this is all the more reason to be thankful and a little more appreciative of the fact that you were born here and not in darfur.

peace