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Expert Says That The Financial World We Know Today Hides A Shocking Reality And Warns: You Are Being Robbed Daily, And You Don’t Even Realize It.
Have you stopped to think that the current financial system may be a huge fraud? It’s shocking, but the truth is that your work and effort are often not rewarded as they should be. Money seems to disappear quickly, leaving you wondering where it goes.
According to Carol Souza, an expert from the Bitcoin Area YouTube channel, the financial system was designed to be one of the biggest scams in history. Many are still unaware, thinking it is a conspiracy theory, while they continue to suffer passively.
But how exactly did the financial system become this draining machine? Understanding its origins and evolution is crucial to grasping the scope of this fraud, the expert claims.
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The Global Financial System And The Role Of The Dollar
The global financial system is predominantly supported by the American dollar and the monetary policies of the United States.
The US has the privilege of printing money and setting policies that influence the entire world. This status was initially secured based on gold, a store of value that ancient civilizations such as the Romans and Egyptians used due to its unique characteristics: scarcity, difficulty of production, and durability.
The Emergence Of The First Banks
The first modern banks emerged around 400 years ago, in the 1600s. To attract more gold deposits, bankers began paying interest on stored gold.
According to Carol Souza, they discovered they could keep less gold than the total deposited, as long as not all clients withdrew their coins at the same time.
This concept gave rise to fractional reserves. Banks attracted more money by offering interest, but used the gold of other clients to pay these interests, resulting in the term “bankruptcy.”
Over time, the expert states, promises to pay in gold evolved into the paper notes we know today.
Initially, these notes were backed by gold, but over time, their value came to rely on trust rather than a physical backing. Profitable banks began to compete globally, influencing trade, especially in Venice and London.
The Emergence Of Central Banks
The institutionalization of banks began with the Bank of England, created in 1694 with the support of the British government. This model was replicated in the US in 1913 with the creation of the Federal Reserve (Fed).
According to Carol Souza, central banks became extensions of governments, increasing their influence over the economy and the wealth of the population. With the shift in the nature of the backing of paper notes, governments began to print money beyond their tax revenues.
The Fiat Fraud And The Confiscation Of Gold
According to Carol Souza, the Fiat fraud began to manifest when governments, to finance wars, discovered that printing money was more convenient than raising taxes, which led to revolts. Excessive printing led to inflation and rising prices.
After World War I, the US confiscated the gold from the population with Executive Order 6102, forcing citizens to hand over their gold reserves to the government. This confiscation, she explains, “was an example of regulated theft, similar to what happened with Brazilian savings in the 90s.”
The Economic Rise Of The US
During and after the world wars, the US leveraged its position to sell arms and food to Europe in exchange for gold. After World War II, the US held 70% of the world’s gold reserves.
In 1947, the US proposed the Bretton Woods System, in which the American dollar would be redeemable in gold for other countries. “This system made countries tie their currencies to the dollar, consolidating the US’s position as the world’s leading economic power,” says Carol Souza.
The End Of The Money Backing
In the 1970s, facing high costs from the Vietnam War, the US opted to print money rather than raise taxes.
When other countries began to demand the conversion of the dollar into gold, the US refused, leading to the suspension of the Bretton Woods Agreement by Nixon. This marked the end of the gold backing, and the dollar and other currencies came to depend solely on trust in monetary policies and American military strength.
The Creation Of Money And Its Effects
Since 1971, with the end of the gold backing, the printing of unsupported money has become common. In the last 14 years, the US printed 60% of the dollars currently in circulation, resulting in a loss of 97% of the dollar’s value since its creation. The real has also lost 87% of its value since 1994.
The devaluation of currencies is a direct consequence of the unlimited creation of new notes, diluting the value of money and undermining trust in the financial system.
According to Carol Souza, the Fiat fraud occurs mainly in two ways: through the unlimited creation of money by central banks and the ability of banks to create money out of nothing, supported by central banks.
“This system, which began with the end of the gold standard, spreads globally, allowing governments and banks to benefit from inflation while the population becomes poorer.,” she points out.
The Role Of Banks In The Creation Of Money
Banks play a crucial role in the creation of money. When a bank needs money to lend, it requests liquidity from the central bank, which issues a debt security and updates its systems to reflect the creation of new funds.
These funds are then released to the commercial bank, resulting in the creation of money from nothing. Banks can use this newly created money to lend to other institutions or individuals, often offering securities as collateral that may not have real value, as demonstrated in the subprime crisis.
According to Carol Souza, this process is extremely profitable for banks. They use an “infinite money printer” provided by the central bank to create new funds and charge interest on the loans made.
The new money generated by the creation of credit expands the monetary base, directly benefiting banks while the population faces the consequences of the dilution of the value of money.
The Silent Theft Machine Of The Fiat System
For her, the Fiat monetary system is not just an economic mechanism; it is a silent theft machine. “The creation and manipulation of money by banks and governments destroy the purchasing power of the population, perpetuating a gear of value dilution that exclusively benefits financial institutions and governments,” she asserts.
“The interest charged by banks on loans is a crucial part of this system, increasing costs for borrowers and reducing overall purchasing power,” the expert concludes.
The Impact Of The Creation Of Money On Purchasing Power
The relationship between banks and governments is essential for the functioning of the Fiat system. Central banks allow commercial banks to create money through bank credit, creating a mutually beneficial cycle while the cost is transferred to the population.
“The Fiat system is always on the verge of an inflationary collapse,” she says, adding that as more money is created and injected into the economy, the value of currencies diminishes, leading to a continuous rise in prices.
The Need For Alternatives
Fiat money is doomed to collapse through inflation or hyperinflation. For her, history shows that whenever governments and empires had the ability to manipulate the money supply, they ultimately collapsed due to extreme devaluation.
In this sense, Carol Souza emphasizes that “Bitcoin emerges as the main alternative to the Fiat system, offering a decentralized and transparent monetary system, with a fixed supply of only 21 million Bitcoins until the year 2140.”
“Bitcoin cannot be created arbitrarily, and its appreciation reflects the desirable qualities of gold, such as scarcity and durability,” she explains about the currency, which, since its launch in 2009, has appreciated significantly, with about 9 billion reais since its creation.
According to the expert, in this sense, adopting Bitcoin means choosing a system that preserves value and promotes greater financial autonomy. “If you want to get off the Fiat money track and build long-term wealth, considering Bitcoin as an alternative is a crucial step to protect your assets,” she concludes.
How Are You Protecting Yourself From The Constant Devaluation Of Money? Leave Your Opinion In The Comments!
A última é a rachadura do ministro Carlos Lupi do INSS onde denomina 14* salários para aposentados, mas paga apenas um salário para aposentados que recebem acima do mínimo (****) pois o dinheiro vai sumir. Deputado na **** foi mas ministro isnif.