There is huge history of the current monetary system, more then a century long. It can take "forever" to describe and to fully understand the extent of this system that has literally destroyed lives, families, societies and political systems. The FIAT financial system is not related to politicians what so ever but to those non political affiliated people, who started to understand the more efficient ways of wealth manipulation, in one form or another. These people, a very small amount of them, became wealthy way beyond our imagination.
So how exactly they became rich?
Well let's start by saying that when you see the corruption that lead to the creation of the system you will figure it out that there is a "glitch" to become absurdly rich. and it was well inserted in the system that ordinary people would not see it unless they would be thought about it. So what exactly is this "glitch"? It's a bit complicated to explain it, but I'll do my best to simplify it:
1) Let's say you go to the bank and ask for a loan, with the promise that you will pay back the loan each month with interest from your salary. The collateral can be basically anything, your house, your car, your land etc. But let's make it as simple as possible, collateral = salary.
2) You take the loan and invest in a stock.
3) The company that issued the stock will give you later some dividends.
4) You instead of cashing out, you go back to the bank and request for another loan much higher according to the future estimated price of that stock and use it as collateral.
5) The Bank will give you then your wanted loan, with let's say, 3% interest.
6) Since the second loan is much higher then the first one, you pay back the bank's the first loan (or the amount that has been left to be paid).
7) A part of the remaining money from the second loan, you reinvest in more stocks and another part of those money will be yours, in your pocket, and they are NON TAXABLE!
Woah... wait, what? Is this even legal, you might ask? Yup, it is my friends, debt upon debt is non taxable what so ever! That's how several individuals like Warren Buffett or Amazon and Tesla CEO's increased and then maintained their wealth. Now you understand why Musk was so angry when the Tesla stock got kicked out of S&P 500, he got less NON TAXABLE INCOME. These people and many corporations are using DEBT to get extra non taxable income.
Sooo... how come we are paying taxes? Well, because nobody thought us how the system actually works. Let me explain this one as well:
A) When you go to the bank and ask for a loan, the banker types in a computer a sum that you want or think that you will be able to pay back with interest. This way is created a debt into your bank account.
B) After you started to pay the loan back, each amount is deleted from your debt slowly, every month, until fully paid. Your loan is deleted but their interest not, therefore they make a profit out of nothing!
The government instead, is asking for people to give them some money in order for them to operate their, aaamm let's say, "political agenda"... If people have no money or interest in loaning the Government, then what the politicians do? You've guessed it, they ask money from the central bank. In US is Federal Reserve, which by the way it is NOT federal or a reserve, they do not hold any cash but they are "allowed" to create it. I say "allowed" because those shady evil bankers do not want people to revolt against them by simply knowing what they're doing. For them is only business. They can create money from their own will and power.
Now the Government's loan is called Bond and it can be transacted in the Bond's Market. Banks, corporations, and wealthy individuals can buy those bonds and sell them back if the bond's price rise up and so on.
So what happens with the Government's loan, excuse me, the "bond" (They give a different name to distract people by fully understanding what it actually means - a loan), this type you unwanted people's loan but imposed by their government, will be paid by the ENTIRE population in the form of taxation.
If not complied, the financially uneducated people, will go to jail for tax evasion.
That's the Reason why the super wealthy people cannot be charged with anything because they are legally using debt to legally evade taxes.
The real problem here is inflation and unsustainable loans that sooner or later cannot be paid anymore. Then the "financial bubble" will burst and the same Government, later on, will bail out the Banks and Corporations by making more "bonds" which means more burden towards ordinary people. This is what the ex President Bush did in 2008 and the Bitcoin creator could not stand it anymore!
So you understand now my friend why relying on this ultra broken highly corrupt and unrepairable system cannot be let to exist anymore?
Bitcoin gave hope to future generations to discover new alternative ways to either change the current monetary system (in Bitcoin's case) or to improved it (XRP, Algorand, XLM, Klaytn's etc... cases - banks are developing their own CBDCs on these crypto blockchains).
Unfortunately Bitcoin's algorithm has been disrupted as well and I will explain in another article why and how Bitcoin changed or at least turn to some degree angle from it's original purpose.
For now, just reflect and get more educated in this matter, read and/or watch more videos related to this monetary system because this article is not a financial advise but educational content...
Take care out there, and do your own research!
Peace!
