This summary is created by listening to a YouTube presentation with my own edits.
I did not understand Economics as a doctor. I was trying to learn economics from a retired government auditor but he passed away during Coronavirus pandemic.
Now I am trying to synthesis that uncompleted coverasation on economy and how it operates.
The World Economy operates on ongoing war somewhere on this planet (globe).
Three Institutions
1. Military Industrial Complex
2. Financial Monetary Complex or the Banking System
3. Technology based on Silicon Valley
(my interest is Linux outside this Silicon Valley ) now creating sophisticated drones
1. Bank of England
2. Swiss Bank
3. American Federal Reserve Bank
Norfok Hold 80 to 90% of the gold.
Over time Singapore Bank holds some of these Gold assets as security for the above 3 banks.
That is why it is the richest country in the world with the most successful dictatorship.
Dutch East India busts.
British Empire flourishes.
Empire collapses having created Israel in 1948 on Palestine where all the petrol dollar money is created.
Install puppet dictatorships on Arab Land who own the sovergn debt of Americans through War Machinary.
I do not see any time in my life time without war in this world.
The end of War in Ukraine for Russia is the beginning of war in Taiwan (Formosa) for Chinese.
This is how this world operates and that is why we would never reach Great Civilization I of the Galactic Civilization, at least 7 in order of merits.
American buys all the Debts
British / America creates the Israel - Iran War.
Send 3 billion worth of military equipment during this current war. Americans gain money.
Nearly 300 billion American dollars transferred to Israel from 1948 onwords.
Rise and Fall of dollar depends on one war ending and another war beginning.
Israel buys most of its War Chest from America but have few of its own companies in Israel manufacturing military hardware while having developed their own Nuclear Bomb with the help of (probably) French inputs at the beginning.
These three banks have all the Gold.
But the trick is they create the illusion that they own 100% of this Gold while holding only 10% of the net worth of Gold as a holding.
In other words print paper money 90% in excess of the actual holding of Gold.
Unknown entities own the World Assets through the above banks.
Assest Companies lend money to countries
War creates debt
Banks own the Debt and transfer it to the government in power.
Government transfers that debt to citizens by oncresing the credit rate.
Increase credit means increase in commodity prices.
This means citizens are always in debt to banks. The suffering continue irrespective of who is in power.
Banks creates the stock market
Lend money at 4% and earn 4% (8-4 = 4) more and double their assets
People Trade on the Stock Market and own the Government Debt.
People pay 8% Interest and the prices of commodities go up.
