Bank Money: ‘The Root of All Evil’

Bank Money: ‘The Root of All Evil’
The seal of the Federal Reserve on a U.S. banknote. Mandel Ngan/AFP/Getty Images
Valentin Schmid
Updated:

The one force that causes the most harm in our economy also happens to be the least well-known and understood.

While the left blames greedy corporations and individuals, and the right blames the government, it is in fact the collusion between the government and private banks that leads to problems like environmental degradation, unemployment, income inequality, and many more.

Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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