Bitcoin vs. Banks. Negative interest rates, inflation and financial repression destroys your wealth.
Bitcoin vs. Banks. Banks use negative interest rates and inflation to steal your money. Financial Repression is the term used by economists to describe the regulatory and policy tools implemented by central banks to lock your money into a domestic economy to continuously subsidize government debt and boost banking profits. Through a system of low or negative interest rates, along with moderate inflation, our banking and monetary systems subtly takes wealth away from savers/investors in order to line governments' and banks' pockets.
This video goes way beyond your normal irritations about the fees that financial institutions charge you. You will be amazed at how our financial systems are set up to stealthily and slowly (or rapidly, in countries with very high inflation) take your wealth and distribute it to banks' profits or wasteful government expenditure programmes.
This video will open your eyes, and you will wonder why no one teaches us these things. You will wonder why this is not more topical in the news. It will leave you wondering what nerve or moral right the financial authorities have to question and lambaste Facebook's Libra project when it is their monetary policies and regulations that are driving the world deeper into economic ruin. Please note, I do not support or endorse the Libra project.
Towards the end of the video, there is a brief look at how Bitcoin helps you to escape your domestic economy and the thievery of your domestic financial systems.