#banking #CentralBanking #BoE #money #Loans #interest #FederalReserve #WEF #Davos #mortgage #debt #leverage #inequality #credit
Today we will look at how the bankers via the fractional reserve mechanism have been extracting wealth from the productive classes for centuries.
It is such a simple system but it is rarely ever taught in schools or universities.
Our conclusion is that it is this system that has helped impoverish billions of people through the centuries and make a select few immensely wealthy.
Distribution of Household Wealth in the U.S. since 1989: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#range:1989.3,2021.4;quarter:119;series:Net%20worth;demographic:networth;population:1,3,5,7;units:shares
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
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