Main Causes Of Economic Inequality Video
Income and Wealth Inequality: Crash Course Economics #17 Main Causes Of Economic Inequality.Main Causes Of Economic Inequality - consider, that
The Federal Reserve manipulates the money supply by buying and selling government securities. Wealthy individuals also tend to be among the first to invest in the bubbles that form when the Fed distorts interest rates, which are the price of money. These investors may lose some money when the bubble bursts, but these losses are usually outweighed by their gains, so they end up profiting from the Fed-created boom-bubble-bust cycle. In contrast, middle-class Americans lose jobs as well as savings, houses, and other assets when bubbles burst. They will also not benefit as much as the rich and well-connected from government bailouts and stimulus schemes. This is the reason why so many Americans rely on credit cards to cover routine expenses. The Federal Reserve is thus the reason why total US credit card debt is almost one trillion dollars. Big-spending politicians are also beneficiaries of the fiat money system.
Embassy in London, England last fall.
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The U. Of the 11 individuals on the commission 10, are from ethnic minority backgrounds. They include the chair, educator Tony Sewell, whose parents moved from Jamaica to Britain in the s. But to depict us as racism deniers, slavery apologists or worse is unacceptable.]
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