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Brooklyn Nets Harden Durant and Kyrie Irving signatures shirt
Their wealth is very private. I have heard rumors they are true trillionaires. They are the Brooklyn Nets Harden Durant and Kyrie Irving signatures shirt and by the same token and primary beneficiaries of the fractional reserve banking system where only a small portion of the currency is backed by assets. This is an interesting system. The US currency, (and I think currencies of other countries) is backed by government debt. However, the government debt pays interest in dollars and is redeemable in dollars which in turn backed by more government debt. I am not sure what all that means in a practical sense to common working people who produce things except debt will increase. Banks produce nothing. Debt is only a promise it is not tangible like land or buildings. Loans by the banks that the Rothchilds have an interest, either direct or indirectly, have an interest rate attached to it that in some way finds its way into the accounts of the Rothschilds. The Federal Reserve System is a private enterprise owned by its member banks but the Feds own web site is mute on being more specific. Banks around the world are all interconnected directly or indirectly by various financial instruments. Actions by the Federal Reserve and other central bank for that matter, can positively affect the profits of various banks. I am also aware that when currency is created through the Federal Reserve System with debt backing, the interest rate also needs to be repaid. For an example as to how this looks: $100 is created and loaned which is backed by government debt with a 2% annual interest rate where there is $102 dollars due at the end of the year. Because there is only $100 created the debt can’t be repaired with the new money just created. New money must be created. The new money will also have an interest tied to it and that chain of events will cause debt to expand continually into ever increasing amounts. All fractional reserve banking works this way. Banks will create new money when they loan more than their capital. If they loan 10 times their capital they are said to be leveraged 10 to 1. Those who are the beneficiaries of the banking system will be earning interest on an ever increasing base. Put into your search engine “the power of exponential numbers” and you will see how rapidly this can increase. The money they receive as a result of this is then invested somewhere. One benefit to the bankers is money is easily created from nothing borrowed by people to purchase things. When the debt cannot be repaid the bankers foreclose on real (tangible) property or things. Thus, they continue to accumulate real assets by creating money from nothing.
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