Those that held all of the belongings in 1971 grew to become fabulously rich in America in comparison with these with out belongings, because the central financial institution started furiously printing cash over the following a long time, say Max Keiser and Stacy Herbert.
They check out a chart which exhibits development in productiveness and hourly compensation in america since 1948. Based on the information, compensation stopped rising in 1971, whereas productiveness continued to extend.
“That implies that the extra you labored, the extra wealth you created for the highest, the capital house owners, the asset house owners,” says Stacy. “The extra you labored, the much less you had been paid… That’s the greatest theft in historical past.”
She provides that Federal Reserve chief Jay Powell prints cash and provides it away to bankers like JP Morgan’s Jamie Dimon, who then has to resolve who will get that cash.
“Jamie Dimon is a part of the monetary apartheid in America,” says Max. “There may be apartheid in America, it’s achieved with rates of interest, loans, and the banking cartel,” he explains.
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