A post submitted by CGI member Liam77.

CGI is RMN's reader's forum.

***************************

full article: https://eraoflight.com/2023/01/09/the-achilles-heel-of-paper-money/

The Race to reduce the purchasing power of the people

In today’s world, credit or debt-money is printed out of thin air in absurd amounts, and so much is borrowed from it, that it can never be fully repaid to creditors. It took the US “216 years to accumulate $8.5 trillion of debt, and then another eight years to double that amount.” Governments can do nothing to fix this crisis because they have deliberately created it themselves.

Paper money works great for the rich, who can hedge their exposure to the currency and whose access to fixed-income credit enables huge asset purchases. But it is terrible for the middle class.

This whole slimy structure is a fraudulent illusion. Fake money. Fake news. Fake GDP. Fake stimulus. Fake growth. Fake opinions. And fake statistics. But all that fake money does, is distort, mislead and deceive. As always, fake money can make some people the ‘insiders’ richer, by making the ‘outsiders’ poorer.

Ninety per cent of every country’s financial assets are owned by 10 per cent of the people. Want to make them richer? J