johngonole

The White Elephant That Could Destroy Your Portfolio, Part I

The current system is designed to allow the bankers to profit tremendously off of all Americans. The Federal Reserve purposefully has a policy of inflation. This helps the politicians and themselves. First they profit by increasing the Federal govts debt. Because of the constant inflation the average American is forced to either deposit their paper money in a bank, by stocks, bonds, US treasuries (destroyed by inflation), mutual funds, etc.... With each of these forms of investment the bankers take their cut. The morality of bankers charging interest on loans in the first place is that they take on risk and therefore should be able to profit. However are the established system won't allow banks to fail so where is the risk. Imagine everyone purchased all goods with only credit cards. The credit card companies would then get a cut of everything. The current system allows the banks to get a cut of everything because they issue the money, control its value forcing you to make them the stewarts of your money, and then taking a cut for doing so. Its crazy if you think about it.