Extremely logical - after a certain point, wealth is just meaningless numbers in financial computers, only expressed as the control of major organizations like corporations. Its literal unbounded power. We limited the power of kings and dukes. But we are allowing the same kind of power to those who hoard imaginary wealth that cannot be spent on actual things - it cannot be spent on actual things, because it is estimated that the amount of wealth stored in Swiss banks (leave aside derivatives etc) have already surpassed multiple times of the value of everything on the planet. So there is wealth on the planet that can buy the entire planet dozens of times over. And yet hoarding continues at great cost to the society.
> Swiss banks hold 8.8 trillion CHF ($9.7 trillion) in deposits [1], not enough to buy everything in Africa, not to mention the world
That's what they tell us. In any case, you could just take derivatives if you would like a more definitive estimate. Or futures. The latter is crazy as it monetizes the literal future of the planet.
Now compare the volume of derivatives in the USA, Canada, Germany, and other parts of the globe.
Point still stands…Swiss bank assets can’t buy even Africa, not to mention the whole globe.
And that’s not “what they tell us.” Swiss banks are required to report their deposits to regulators and always do that. But conspiratorial people always look for a boogeyman under the hood..
What part of that is 'conspiracy'. Replace the swiss banks with derivatives or whatever 'investment tool' or concocted wealth that is sucking the planet dry if that example is not to your liking. The point still stands.
But money is meaningless. Your "money" in the bank is just a number their systems says you have in their virtual game. And in turn, the same for them and the Fed. It's easily changed in a second.
Money is a measure of value, and value is conferred, not intrinsic. Therefore, money is what we believe it is, and all things considered, it looks like we think it's worth something.
