In global Monopoly game there can be only one winner

Max Keiser, the host of RT’s ‘Keiser Report,’ is a former stockbroker, the inventor of virtual specialist technology and co-founder of the Hollywood Stock Exchange.

The unconventional monetary policies of global central banks makes the current economy resemble the game of Monopoly, but the players must remember that in this board game there can be only one winner, with all the rest going bankrupt.
In the game of Monopoly, when you pass ‘Go’ you collect $200.
This keeps the game going by adding liquidity into the system. The
bank in the game is increasing the money supply and this keeps
people rolling the dice; buying up property and paying taxes.
Eventually, due to the luck of the dice, the player who is able to
land on the most expensive properties on the board ends up being
able to extract crippling amounts of rent from the other players
until everyone goes bust except for the lone Monopolist who is
declared the winner. Notice that in the Monopoly economy nobody
works. The only activities are rolling dice and shopping for real
estate, houses, and hotels.

In today’s global game of Monopoly we have Quantitative Easing to
replace the free money give away that occurs when players pass
‘Go.’ But instead of the token $200, players (those who work in the
FIRE economy of Finance, Insurance and Real Estate) get $85 billion
a month from the Federal Reserve Bank in America and similar gifts
of cash from the central banks in Japan, Britain, and most of the
G20.
The asset prices of the houses and hotels keep going up as the free
money given away by the bank: whether in the game of Monopoly or
the game of the Fed is pumped into the economy. Again, nobody who
has wealth in these economies works for a living. They speculate by
rolling the dice and buying up assets knowing that the infusion of
cash will guarantee asset price inflation.

If you play Monopoly you know that eventually the player who
chanced on the opportunity to buy the most expensive real estate on
the board eventually wins as the rent-seeking that comes with that
real estate bankrupts the rest of the players who keep collecting
their free $200 each time they pass ‘Go,’ money that works its way
to the Monopolist with the most powerful monopoly.
Similarly in the global economy we have a situation where none of
the sizeable wealth of the players was garnered through work. A
list of the wealthiest in the world shows virtually all the players
having
This article originally appeared on : RT