Sunday, October 25, 2020

The Power Of Money

Here is a working paper from the Bank for International Settlements discussing the flow of international capital:

https://www.bis.org/publ/work890.htm

Underlying all this is the fact that money created in the US banking system can be channeled anywhere in the world by the people who control it. "Our" Congress allows this to happen, and I would argue the ability to shift capital in this manner without taxation or other penalty is one of the chief factors leading to the empowerment of the ultra wealthy and the destruction of the USA.

Call me an "isolationist" if you will, but I'm for America first. How about you?

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