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Fiat money: The root of all evil
What it is and how it works
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Why the rich (friends of the Central Bank) get richer
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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