Why the Modern Banking System Should Be Demolished

Many people fail to understand how the modern banking system works. In this regard, the modern banking system has made a reputation of making money out of nothing. In the past years, money was based on something that had value. For instance, gold was commonly used as a standard of controlling the currency of any given country. But many countries have now abandoned this system and are using fiat money. When using the gold standard as currency, the gold will usually be increased once the economy of the country improves. However, fiat money can be printed at any time since it is not based on anything of value that can be quantified. This is one of the reasons why many people are of the belief that banking has caused a lot of inequity.

Indeed, there are more people who opine that banking is born in sin and this is why many people are suffering today. Due to the ability to print and control the currency, it is important to note that bankers have a lot of control with regards to the earth. Even if the bankers were to lose everything, and still have the power to control the money, they will still own the earth within a short period of time. The power of printing money and controlling credit are some of the factors which have given the group a lot of power. Just by creating adequate money, buying the earth will be accomplished within just a short period of time. This is one of the reasons why the theories are karl marx have gained a lot of popularity. Karl marx talked about class struggles so that the poor can regain control of the economy.

This is one of the main reasons why karl marx postulated that capitalism would self-destroy and that socialism would become popular within just a short period of time. This is one of the reasons why people ought to take away the power of the bankers to print the money and also control the credit. To understand how money works, it is always a good idea to understand the currency cycles. Indeed, there are about seven stages of most empires that rise today. The first state of an empire is the creation of sound money. At this stage, most countries are likely to have solid money that has value that can be easily defined.

For instance, the use of gold and silver are some of the well-known standards of measuring value. The second stage will usually entail the public works. Essentially, this means that the infrastructure of the country will be build. The level of infrastructure development is usually massive. After the infrastructure has been developed, the countries will then move to massive military spending. The massive spending in military is made possible by the money that the country has acquired over time. This is then followed by a stage of perpetual war. This means that the military of the country will be invading other countries at will.

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