Forum Post: Capitalism Enriches
Posted 4 months ago on July 12, 2024, 6:32 p.m. EST by agkaiser
(2552)
from Fredericksburg, TX
This content is user submitted and not an official statement
Private bankers including the FED create our money on their ledgers and loan it to other banks, private equity and billionaires at very low interest. The almost free money is used to bid up real estate and force more and more of us into rentals or homelessness. It's also used to buy medical practices, other small businesses and industries that parasitize us by driving up the cost of profits, while we the people who do the work are paid less and less in inflation (due mostly to profits starting with big oil) adjusted dollars. Capitalism enriches they who own most of everything and whose money and we do all the work for them.
Entity 1 borrows $110M from Bank 1. Entity 2 borrows $100M from Bank 2. Entity 3 borrows $100M from Bank 3. Each Bank marks debits on their ledgers. Entity 1 cashes the check from Bank1 at Bank2 Entity 2 cashes the check from Bank2 at Bank3 Entity 3 cashes the check from Bank3 at Bank1 At the end of the day Banks 2&3's ledgers balance or in the black but Bank 1 is $10million in the red. Bank1 borrows $10M from the FED to balance its books. Both mark their ledgers appropriately. In the morning the ledgers are marked and the loan is repaid. Eventually Bank1 has a big day and everything is balanced again. Every bank wins. Only the people suffer from the inflation wrought with the money created out of thin air every day.
"Only the people suffer from the inflation wrought with the money created out of thin air every day."
That bears repeating.