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jimmyrtle (November 30, 1999 at 12:00 am)
@chrispyt77 Reserves are closer to zero? Where?In the US, banks currently have $1.6 trillion in excess reserves.How does anyone collect the interest attached to my $20s?How does the Fed benefit from inflation? They own bonds you know, or do you think inflation is good for bondholders?You know the money supply is more than what the Fed buys, right?
chrispyt77 (November 30, 1999 at 12:00 am)
@jimmyrtleI know that - but the reserve limit was actually observed. Now it is not, and the reserves are closer to zero As Ed explained - the loss of purchasing power is the hidden nature of the inflation tax. The FED and the govt are the ones who benefit. All fiat money including your 20's has interest attached: the money is lent into existence by the FED to the government, and the government has to pay back that amount plus interest. stuff 'getting more expensive' is how you pay.
jimmyrtle (November 30, 1999 at 12:00 am)
@69vmac "The book is life-changing"If by life-changing you mean full of silly errors, I agree.
jimmyrtle (November 30, 1999 at 12:00 am)
@chrispyt77 "fractional banking is the greatest cause of inflation"You know we had fractional reserve banking under the gold standard, right?"money out of nothing with interest attached"So what? My $20s don't have interest attached. Do yours? Who do you pay?
chrispyt77 (November 30, 1999 at 12:00 am)
@EbolaVirus1717 fractional banking is the greatest cause of inflation. this coupled with the 'elastic' currency ie, money out of nothing with interest attached adds the sucker punch to the inflation double whammy. If there was a free economy then supply and demand might make a difference, but that hasn't really existed for near on a hundred years.with inflation, Supply and demand is just a sprinkling on top of the major problems i mentioned.
chrispyt77 (November 30, 1999 at 12:00 am)
@Elephantintheroom01 You should read his book - it has a whole chapter devoted to that topic called 'Masquerade in Moscow'.it is DEFINITELY a book worth buying!
solar9019 (November 30, 1999 at 12:00 am)
I like lectures and videos like this. People can deny the nwo and write people Like me off as waky "conspiracy theorist" but here the facts and the truth prove themselves
69vmac (November 30, 1999 at 12:00 am)
Griffin is amazing. The book is life-changing. His research is so thorough. For more information on the mechanics of the monetary system, search "Why we are in so much debt" on YouTube.
guitarpilot1 (November 30, 1999 at 12:00 am)
Oh your so right! However, your frustration might weaken the delivery. Unfortunately presentation effects the mind way before reason. I wish there was enough cursing and swearing that would wake people from there dream world. If they had the information you have we might be able to muster enough seriousness to stem the tide of folly. Meanwhile the majority will continue down the river of foolishness.
donttrustany1 (November 30, 1999 at 12:00 am)
we are fuckked.....if we continue to choose to be. |
