Can someone explain how 93% of earths wealth is actually debt? Who the hell do we owe?
(media.greatawakening.win)
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Central Bankers. Basically this economy is a ponzi scheme.
Central banks create currency backed by nothing out of thin air and charge interest. Countries tax their people to pay the interest but its not enough. So they need more money to be printed by the central banks to pay back the old interest and new stuff. Each cycle the money printed keeps increasing, hence reducing the value of people's savings, while at the same time more and more of this goes to just paying off the debt, incurring new debt.
The central banks pull the rug anytime, and sieze whatever assets they want.
And we tolerate this?
Thank you. I have been saying this for years. I am glad people think like me.
I spent a lot of my high-school and university days trying to figure out where "wealth" is created. None of the standard answers seemed adequate to me - labour, innovation, exploiting natural resources. It occured to me much later that no matter what you create - a smart phone, or a musical or a house you build - none of these have any intrinsic value until someone spends some money to buy them.
The wealth is not created by making something, but by someone buying them (assigning a value). This value is assigned by spending money, and who creates the money? Central bankers. So wealth is actually created by central bankers printing money.
This is how I learnt wealth is an illusion, just like money. Once you realise this, its not a far jump to make to realise the entire economy is a ponzi scheme. Yet I find it so hard to explain it to people, because they keep focusing on the things people create.
Happy to see many people who have awoken here!