They bought many bonds with yields below your supposed 3% inflation number.
Every year they can buy 3% more than the year before.
The money they get from those old bonds is worth 3% less each year. So they can buy less with that cash.
The person that borrowed the money has to pay more than inflation or else the bank wouldn't lend it in the first place
Inflation can't rise after a loan is made?
They paid back more than inflation. No, it's not them.
They increased the money supply, of course they caused inflation.
I've made it clear that that is their target, not necessarily the exact number every year. Regardless, they buy many debt instruments that surpass inflation.
The money they get from those old bonds is worth 3% less each year. So they can buy less with that cash.
I'm sure most of their debt instruments surpass inflation.
Inflation can't rise after a loan is made?
Sure, but generally the bankers have a good idea where inflation is going and will make money on their loans.
They increased the money supply, of course they caused inflation.
The Fed increased the money supply with their 3% target inflation. They could just as easily target 0% and make our money act like gold, but that would defeat the purpose of their slavocracy, wouldn't it.