In this episode of The Wealth Whisperer, Hazel embarks on a passionate exploration of the complexities of our debt-based monetary system. With a focus on how money is created through loans and the implications of fractional reserve banking, the discussion highlights the pervasive nature of debt in our society and its impact on individuals and economies alike.

KEY TAKEAWAYS

• Debt-Based Economy: The modern monetary system is primarily based on debt, where a significant portion of the money supply is created through loans. This reliance on debt is essential for economic growth and stability.
• Economic Growth and Debt: Continuous economic growth is necessary to service existing debts. If the economy stagnates or contracts, it can lead to difficulties in repaying debts, resulting in financial instability.
• Wage Slavery Concept: Many individuals are trapped in a cycle of "wage slavery," where they must work to earn money to pay off debts for things they cannot afford without borrowing. This creates a loop of dependency on debt.
• Critique of the Banking System: The current banking system is viewed as fraudulent, as it allows banks to create money out of nothing while individuals face legal consequences for attempting to do the same. This disparity raises questions about the fairness of the financial system.

BEST MOMENTS
"In my opinion, there are nowhere near enough people who understand how our monetary system works in the world."

"A debt-based economy basically means that a significant portion of the money supply is actually created through loans and debt."

"We are literally economic slaves because we have to earn money to be able to afford to buy things."

"If you or I try to print money and use it to pay for things, it wouldn't be too long before we are put behind bars."

VALUABLE RESOURCES

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ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

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