Premiered Nov 28, 2019
Fiat currency has no intrinsic value. This means the piece of paper or coin itself has no value. This approach to money varies from other forms of money whose value is derived from some physical good. It is usually gold or silver, and this is called commodity money.
Banks make the majority of their profits on interest-rate spreads called "Net Interest Revenue."
Globally, governments have created negative interest rate bonds, and banks can essentially borrow money at negative rates. Then, the banks go out and loan to consumers and other businesses at a higher, positive rate.
Why would you save it and work for it, if they can print it faster than you could work for it.
Why you keep saving when they are printing it.
The Rich do not work for money.
The Federal Reserve can always print more money. However, they cannot build houses or create companies to invest in. You need to exchange your cash for real assets! Cash is Trash.
Printing paper money and buying gold with it. It will go down in history as the scam of all scams, an unprecedented wealth transfer.
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