The Shocking Reason Why the Rich Are Getting Richer Explained Beautifully in 3 Minutes

1. The current money system distributes money from the bottom 90% to the top 10% Because 97% of the money in the UK is created by banks, someone must pay interest on nearly every pound in the circulation. This interest redistributes money from the bottom 90% of the population to the very top 10%. The bottom 90% of the UK pays more interest to banks that they ever receive from them, which results in a redistribution of income from the bottom 90% of the population to the top 10%. Collectively we pay £165m every day in interest on personal loans alone (not including mortgages), and a total of £213bn a year in interest on all our debts. 2. It transfers money from the real economy to the banks Businesses are also in a similar situation. The 'real' (non-financial), productive... read more
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The Shocking Reason Why the Rich Are Getting Richer Explained Beautifully in 3 Minutes