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-   -   Inflation – A Monumental Crime (http://defendingthetruth.com/economics/54600-inflation-monumental-crime.html)

Sabcat June 3rd, 2016 02:06 PM

Inflation – A Monumental Crime
 
Quote:

True price inflation has averaged 5% for the past decade, 3 times as much as the government statistic. Here’s what happens to the real value of $1,000 at a 5% annual real loss. Anybody on a fixed income or trying save is getting hit like this:

Purchasing Power:

Year 1: $1,000
Year 5: $815
Year 10: $630
Year 15: $488

There is no reason to believe this won’t continue. The Fed has accumulated $2.7 trillion in excess reserves. Because of the fractional reserve multiplier, that will become $54 trillion as it flows into the economy.

But the important question is:

If you’re losing the value of your savings, who is gaining it? Where does that value go? There are two classes of ultimate beneficiaries of the Federal Reserve System and other central banks around the world:

Federal budget parasites, and
The commercial banks
Every dollar created by the Fed flows into the federal government’s Treasury to be spent on welfare and warfare. But, if the fractional reserve requirement is 5%, for every dollar created by the Fed out of thin air to bolster the congressional budget, the commercial banks create nineteen to line their own pockets. Those nineteen dollars go right on their balance sheets as their property. They are trillionaires (a number so incomprehensibly immense that the word for it isn’t even in the dictionary) as a result. You get poorer. They get richer.

The Federal Reserve System does not exist to drive investment, but to transfer your hard earned wealth to the owners of the commercial banks.

https://bullsear.liberty.me/inflatio...umental-crime/

imaginethat June 3rd, 2016 08:00 PM

No one wants to believe this, but it's true.

coke June 3rd, 2016 08:42 PM

Quote:

Originally Posted by Sabcat (Post 947332)

The Socialist all say just print and print and print and deficits do not matter.

imaginethat June 3rd, 2016 08:52 PM

Quote:

Originally Posted by coke (Post 947449)
The Socialist all say just print and print and print and deficits do not matter.

That's interesting. Reagan and Bush II were "the Socialist." I never knew that.

Sabcat June 3rd, 2016 08:58 PM

Quote:

Originally Posted by imaginethat (Post 947453)
That's interesting. Reagan and Bush II were "the Socialist." I never knew that.

the great shrub. patriot act, TSA, murderous robots, bailouts. NSA expansion, homeland security, gitmo.

yeah, screw that guy.


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