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To: Rurudyne
Deflation is an enemy of big government but under normal circumstances a friend to savers and wage earners.

Deflation is an enemy of "government" - true, but not those who control government and our economic system - "international banks". The banks steal the underlying assets that occur when credit gets pulled and called in - creating enormous transfers of wealth.

Deflation causes lower wages, more difficulty paying off existing debt, and economic velocity to crater. None of those are beneficial for the citizenry.

72 posted on 01/17/2022 8:52:54 AM PST by politicket
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To: politicket

Ah, but you forget that the bankers at the top calling the dance easily live off of the churn, and as inflation usually lags behind its cause they can grow substantial persistent wealth doing so.

Banks are where there’s money to steal, and stealing the value from other people’s dollars to help grow their pile is legal.

I would also suggest that our current circumstances, where people put their wages into proverbial pockets with holes in them because they are by in large are abusers of credit themselves, are not historically ordinary circumstances.

A nation that abuses credit has a government that abuses credit … who would have thunk it?


78 posted on 01/17/2022 9:01:21 AM PST by Rurudyne (Standup Philosopher)
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