/biz/ - Business & Finance

>>10943265

DO NOT listen to this retard

exercise and get out and meet people, that helps me a small amount

In 2016 dollars, in 1990 median income was about $86k. In 2016 it’s around $58k.

This is due to what we call an increase in the supply of money printed by the fed

The Fed (a privately owned bank) prints and issues money out of thin air. They loan this money to banks. Their reasoning is that increased money will stimulate the economy and increase spending.

But it’s wrong.

Increasing the supply of money makes money worth less. Devaluation.

So when money is worth less, businesses increase their prices to keep profits constant so they don’t lose value over time.

This is called inflation.

Now here’s where the greed kicks in.

Businesses are reacting to inflation by raising prices. But they aren’t raising salaries and wages with inflation.

As a result, median income is decreasing. We’re losing wealth. Over time, $1 buys less and less.

If this doesn’t stop, a majority of the world will be in poverty.

We need to get rid of the central banks and the fed, as they’re systematically siphoning wealth from us by pumping out loads of currency.