Last Year the Worlds Wealth Increased by 20 Trillion

house-o-cards

Its not though, this happened as a direct consequence of China more than tripling their minimum wage from $90 a month to $300 a month. Which meant they had the 3 times the amount of money to spend on foreign goods.

Actually it all went to the elite. The workers and carers of the world lost the majority of what they own.

In the last generations you could feed a family with lower income.

Now that same income is poverty level for one person.

The wealth went up, prices went up, dollar value went down for citizens.

All a scam, a trick.

Good to see another who gets it. Now we need to educate the other 400 million people about basic math.

You mean the 1% got the money while the rest of the world starves?

I will admit I am not sure where all that wealth went.

It is being redistributed to the top 1%. a lot of the printed money is overseas, but most is in the FED's reserves, as long as it stays in reserves technically it is not going to cause inflation.

It can't and wont stay in reserve for very long. Once it goes into circulation (bank loans) it will cause hyper inflation. I wont go into detail because its a very technical explanation of which I'm still studying and trying to understand.

Those at the top get the "FREE" money to then lend out at a profit (higher interest rate) by the time it makes it down to the regular people as it does rates are higher. So you pay interest on money that was created out of thin air, while at the same time that money you borrowed is loosing value every second of every minute, every day.

Central banking has always been frowned upon by most libertarians and Conservatives for this very reason.

Last Edited by C4G3 on 02/04/2015 12:52 PM

That's a lot of trees. Poor woods.

In other news: Last Year the Worlds Debt Increased by 30 Trillion

THIS, plus the interest on.