The Coming Great Wealth Transfer… Spoiler Alert: It’s already here…
Via Charles Hugh-Smith of PeakProsperity.com,
ZeroHedge.com
Mar 4, 2017
In the past, I’ve warned about the coming Great Wealth Transfer. But now we need to talk about it in the present tense, because it’s here.
And it will only accelerate from here on out. The Rich will get richer at the expense of everybody else.
This isn’t personal. It’s simply a feature of what happens near the end of a debt-based monetary system run by corruptible humans.
Of course, those in charge don’t think of themselves as corrupted or villainous. I’m sure that Federal Reserve Chairs Greenspan, Bernanke and Yellen all think of themselves as good and decent people doing “God’s work”. But the truth is they’ve irrevocably harmed millions — if not billions — of innocent people.
They and other central bankers have become the standard bearers of a system that can best be described as a reverse Robin Hood scheme, one that takes from the poor and gives to the Rich. It’s just that in this tale, the ‘poor’ means everybody not in the top 1%.
So you need to understand this wealth transfer process — how it works, who’s perpetrating it, and what dangers to watch for. If not, you’ll be a victim of it. And you’ll probably live in confusion and shock by how hard just ‘getting by’ becomes going forward.
Realizing that you’re being specifically targeted by a system determined to separate you from your wealth is the essential first step towards figuring out how to evade the predators and protect yourself.
The Great Wealth Transfer
What do we mean by a Wealth Transfer?
It isn’t just some academic concept. It’s a playbook that’s been used many times in the past by governments to forcibly extract wealth from the public and use it for the benefit of those in power.
The first part of this Wealth Transfer process is called Financial Repression. It’s an extremely effective — and nefarious — financial engineering scheme, which we’ve discussed here at PeakProsperity.com many times over the years — notably here, here, here and here.
Financial Repression is enacted when governments take on too much debt (which they often do!) and find themselves with few politically acceptable ways of escaping that situation. So, in ways both overt and covert, they conspire to use the public’s savings to dig the government out of its debt hole.
The Rest…HERE
