Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?
He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."
He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses
Money is not the problem you're having, it's the government. They are the ones who tries to ruin everything. Any country with a bad government is doomed, unless they find a way to remove the bad people from seat, if not they will keep on facing the same problems. That's the kind of problem that developing countries are having, most of their leaders are full time criminals who keeps stealing from their countries and sending them overseas and ruining the countries economy, creating high rate of poverty. So yes, the leaders are the problems we are having. If the people will grow to stand against every bad leader, then things will get better. But if you keep on pretending that fiat is the problem you have, then you should know that cryptocurrency is money as well and should be considered worst than the fiat. He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."
He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses