Personal Finance Wealth Management
𝗪𝗲𝗮𝗹𝘁𝗵 𝗡𝗮𝘁𝗶𝗼𝗻 💰
𝗪𝗲𝗮𝗹𝘁𝗵 𝗡𝗮𝘁𝗶𝗼𝗻 💰

@Wealthnationx

11 Tweets 7 reads Feb 16, 2024
Twitter
A Dark Hidden Secret About Money The Rich Never Share With You:
A dark secret about money rich never share with you:
1. You are lied about money:
Your whole life you're working a job and Trading your time for money. But have you ever asked yourself how money is created? For 12 months I worked as an investment banker and I learned all the secrets the public doesn't know! And you might get shocked about the truth...
2. Money = Currency
First of all: money-currency. Money is an intangible store of value. Think of gold, silver, platin, rice, salt etc. Currency is a tangible form of money. Instead of trading silver for salt, you can buy salt with currency. Now here's why that's important:
3. Currency is backed by nothing.
Before 1971, the central banks could only print as much currency as they had gold to back it up. But it 1971, the US dollar has been removed from the gold standard. Since then, currency has been backed by nothing (worthless)
4. Banks can print as much currency as they want.
Today, banks can print as much currency as they want. Now here's the 2nd thing you need to understand: Currency in the form of paper & coins only makes up 3% of the world's money. The other 97%? It's debt. Let me explain:
5. Here is an example:
Imagine you want to buy a house. A bank gives you a $500k mortgage. that $500k didn't exist before. They simply "created" it by typing a few numbers on the screen. So when you get a loan, you get money that has been created out of thin air. Now, why is that important to know?
6.
When the government needs money, they go to the central bank and ask for a loan. The central bank gives them money created out of thin air, in exchange for government bonds. This newly created money floods the system and devalues the existing money (Inflation)
7. So what can you do?
Why am I telling you this? You are getting wrecked. While you're working hard to save money, the banks are printing it and ruining your savings. The bankers are making millions while you're working for a tiny amount of money. So what can you do?
8. Play the game of the banks.
Play the game of the banks. Besides printing money, the banks also invest in assets and make their money work for them. And you can do the same.
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