The real money is in lending $$$ to the NYT @ 18%.
The banks have made it very difficult to get a loan.
“The Fed has been following this plan for more than three years now. Yes, we are seeing some improvements here and there. But the transfer of wealth from savers’ pockets has been immense. And with the price of gasoline and other goods going up, the vise is tightening.”
The real money is in lending $$$ to the NYT @ 18%.
If you have any credit card debt, you can save 18% or whatever by paying it off. This is the best investment in America right now for the majority of people.
If you don’t owe money you are losing money these days.
They aren’t loaning money because there is no money in it now.
We are in worse than stagflation. We are in deflation that has been ongoing for almost a decade now.
Inflation, Banking, Debt and John Maynard Keynes
John Maynard Keynes (pronounced “Kanes”) was a self-avowed socialist who served as economic advisor to presidents, prime ministers, and even dictators. Keynes explained the negative effects of inflation in his book, “Economic Consequences of the Peace.” On page 235, Keynes wrote:
“By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some. The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose.”
John Maynard Keynes was called “the father of deficit spending.” He advocated the absurd notion that governments could spend themselves into prosperity by going into debt. Keynes’ tragic economic theory actually helped conceal the inadequacies in the intentionally fatally-flawed Federal Reserve Banking System.