[wafflehouse]

Who knew the British voters would vote to do this to their own country after the war?

i dont get all the wailing and gnashing of teeth over this. In a fiat money system, one of the reasons for the central bank's existence is to print money, thereby stealing money from the savers. This is the system. It was designed this way on purpose.

[sickoflibs]

RE :”i dont get all the wailing and gnashing of teeth over this. In a fiat money system, one of the reasons for the central bank's existence is to print money, thereby stealing money from the savers. This is the system. It was designed this way on purpose. “

I agree with your premise. For the ‘good’ of society as a whole they steal from savers to give to borrowers, or in some cases just give away to consumers (ie voters) ‘create jobs’ (ie keep the voters happy)

The problem becomes when it results in nuking the economy.