Posted on 05/21/2013 6:51:57 AM PDT by blam
Stopped reading right there.
Inflation is the lifeblood of a
DEBT-BASED economy.
I guess, then, that Zimbabwe must be the most prosperous nation on Earth.
We need inflation because old people like to eat dog food. /sarc
I love how the “experts” tell us there is no inflation. I guess experts don’t buy fuel, insurance or educate their kids. Cereal boxes and toilet paper keep getting smaller.
This is BS. During Britain’s ascent to economic greatness in the early 19th Century, she stabilised her currency by introducing the gold standard, which kept inflation/deflation operating within a very narrow, fluctuating band. Fiscal responsibility, innovation and productivity drove Britain to become what was then the greatest, most prosperous country in the world. 100 years later, following WWI, Britain came off the gold standard in order to be able to inflate its currency to pay for the welfarism, and the rest is history.
Inflationary policies are a confidence trick that steals money from people’s bank accounts without them noticing and puts wealth in the pockets of bankers and the government at the expense of ordinary savers...
I'm just a dumba$$ engineer, but I would think that industry, non-intrusive government, sound property rights and fair courts are the lifeblood of a viable economy.
Exactly what a pant load. Had we not got into WW2 we would have languished on.
Beyond stupid.
Inflation is a thief and an invisible tax on thrift and savings.
Bubble Making 101
Because making business decisions based on how much your money is going to be able to buy tomorrow is the most productive use of one’s time. More productive even than spending one’s time making new and better things.
When the prices go up, they change what’s in the “basket”.
>> I’m just a dumba$$ engineer, but I would think that industry, non-intrusive government, sound property rights and fair courts are the lifeblood of a viable economy.
You’re smarter than you think you are, Jack. :-)
Yep. All the big players in the economy were destroyed or had not developed yet.
It’s so crystal clear.
In other words: If we the moneychangers with our puppets in government are not allowed to counterfeit the national currency, we will make you suffer. All debt based currencies ALWAYS end up in total collapse, they are based on Fraud instead of actual Math.
Inflation is a wealth transfer mechanism to the Government and Wall street.
The best currency is a stable one. We won’t see that in our lifetime. To many powerful people benefit from this system.
The best you can do is learn to protect yourself the best you can.
Meh
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