30 June 2023
Central banks, disguised as protectors of the economy, may have a hidden agenda to benefit the wealthy at the expense of the public. By manipulating interest rates and encouraging borrowing, central banks create artificial economic cycles that lead to booms and busts. This benefits investors and asset owners while burdening the middle class and the poor. Inflation acts as a wealth transfer mechanism, taxing the less affluent and supplementing the already wealthy. The central bank’s narrative of fostering consumer ownership and entrepreneurship masks the reality of pushing individuals into unsustainable debt and risking their financial futures. When interest rates inevitably rise, financial distress and repossession follow, leaving individuals with unpaid bills and seized assets.