How Private Banks Increase Income Inequality - Brightwork Research & Analysis

Table of Contents: Select a Link to be Taken to That Section

Executive Summary

Private banking is a primary driver of income inequality.
As banking has become increasingly privatized, the US income inequality has soared.

Introduction

A major problem with the existence of private banks is that they are constantly ratcheting up their interest rates and other schemes which financialize the economy. Private banks politically lobby for less regulation, and countries with the most private banking influence have the highest bank bailouts.

A great deal of intellectual effort goes into the financial sector when in reality, very little should.

How Societies are Under Government Controlled Banking

Under the scenario where the government creates its own money, private banking does not exist, and the government creates money for loans. The government then performs the verification for making loans. Private banking is a primary driving force for income inequality which undermines the overall republic.

This was known and is explained in this quote by Lincoln.

“I see in the near future or crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few and the Republic is destroyed.”

Source: The Web of Debt

https://www.amazon.com/Web-Debt-Shocking-Truth-System/dp/0983330859

Lincoln’s Accuracy

What Lincoln feared has come to pass. And there is a good reason that this quotation is not readily found or repeated.