Inflation is usually described as a general rise in price of goods and services over a period of time. In actuality inflation is an increase in the
overall money supply, increasing prices are a RESULT of inflation not a cause.
Some of the articles which I present are fairly old, but that doesn't decrease their relevance.
When any currency is inflated prices begin to rise.
OK but surely wages and salaries rise as well so the net effect is zero? WRONG.
What occurs is a redistribution of wealth from the poor and middle classes to the politically well connected.
Those who receive the newly created money first receive it before prices have yet risen. They enjoy a windfall. As they spend the new money and the
next recipients spend it prices begin to rise before the money has trickled down to most people.
The average Joe has been paying higher prices while earning his old income which has not adjusted yet.
The enrichment of Government Contractors + big banks etc etc comes at the direct expense of everyone else.
Of course this is never mentioned by politicians.
Ron Paul's book The Revolution : A Manifesto talks extensively about this.
Quite correct. Notice also that the excuse for charging interest on money (besides profit) is that a bank must be paid back more at a future date to
make up for the loss of the money's value during that time due to inflation.
The ironic thing is that there would be no inflation if banks weren't lending money at interest (including the whole fractional-reserve
Credit should be an interest-free public utility, not a monopoly service run only by private banking.
The govt is is big trouble because the flight from the dollar has been underway and there are signs of techtonic flght from China and Japan,
America's two biggest lenders. Meanwhile the govt keeps writing "blank checks" to financial firms that deserve to have long ago failed. But these
checks come with strings we'll see pulled a bit later, in Act I secene II perhaps: Increased govt control of vital industry.
Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power.
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