Prior to fiat money, people used gold, and the value of gold waxed and waned based on it’s supply. We currently have a fiat system where the money supply is determined by men who are corruptible and can be influenced by intimidation, envy, or a myriad of other personal corruptions that the fallible man is subject to. In the last 5 years, Bernanke has increased the money supply 4 times, rescuing his friends who dug themselves a hole from which they could not escape, the only reason we have not felt the loss of value in the dollar that would be justified is the game continues. A massive fleecing of the treasury is proceeding apace. I suspect the house of cards collapses in the very near future!
And the demand. People always forget about demand.
We currently have a fiat system where the money supply is determined by men who are corruptible and can be influenced by intimidation, envy, or a myriad of other personal corruptions that the fallible man is subject to.
If you take out a loan from the bank, you've increased the money supply. Are you "influenced by intimidation, envy, or a myriad of other personal corruptions that the fallible man is subject to"?
Bernanke has increased the money supply 4 times, rescuing his friends who dug themselves a hole from which they could not escape, the only reason we have not felt the loss of value in the dollar.....
Is that the demand for cash and cash equivalents has soared. And despite the increase in reserve balances held at the Fed, financial firms continue to deleverage.
A massive fleecing of the treasury is proceeding apace.
How?