Banksters Use Inflation to Steal Your Wealth
When you think about this shitty financial system, we need to reset and replaced it with a good alternative like crypto!
Source: https://twitter.com/goldtelegraph_/status/1086325626280263681?s=21
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Inflation is real but the banks don't gain anything from it, directly.
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@kriptonik @samuel-swinton I have not expected a full debate on the subject of printing of money and create an ongoing dead spiral of debt.
In my case, the inflation is not organic especially I am from Canada that follows almost the same rules of the US! It is only a false belief of growth and people still believe that is normal, and need to work harder to always pay more taxes, always pay more for the same products year after year until they die!
Sorry, i didnt saw the mention, i use the normal steemit platform, and there are no notifications, as you know :)
And the inflation thing, we agree, it is definitely not a right process in economy.
That cool and have a great weekend. :)
It is normal in capitalism. The believer in grown for eternity is central to capitalism. That's why I believe it is flawed.
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I prefer a world with more stability instead of aggressive capitalism in action!
Either stability or balance. We need a healthy way for old companies to die so new companies can grow.
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The inflation came from the money printing. Increase the total supply decrease, what its worth.
And the banks print the money.
I can only speak for America, but that's not what happens here. Inflation is a natural byproduct of a growing capitalist economy. Example:
Company A earns more money this year than last year. They pay their employees more to keep their top talent from leaving. Their employees then go to Company B and spend more. The employees at Company B now ask for a raise because they see Company A is making more. Company B is is making more money, now, so they give their employees the raise to keep the top talent. Both companies increases prices to keep their profits high. So now all of the employees are making more but the companies are charging more. Inflation.
In America the Federal Reserve "prints" additional money when it seems necessary. This can cause abnormaly high inflation but, if done properly, won't. For example, despite massive "printing" in the last decade, inflation is at normal levels.
Another power of the Federal Reserve is a kind of "un-printing". The Federal Reserve hasn't "printed" anything since late 2014 and since then has "un-printed" nearly $500 billion
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So, inflation is not natural. Its "makeable", not just happen itself.
"However, the consensus view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth." by wikipedia.
Yep, there are more other factors, but this is the primary reason.
And the money printing doesnt mean the fed's (or any kind of central or national banks) printing. The printing is the actually process, how the money "born".
Our money right now is a debt-based money, not an asset-based, you can look around, if you want it. You demand for example one thousand dollar, as credit, the employer in the bank hit the buttons on the computer, and voilá, thousand dollar money just born, without any real value.
This is the printing. Make money from nothing, literally.
The real economy cant follow the speed of growing. More money like stuffs. This is the inflation.
This is the reason, why the world-debt is bigger, like the total supply of money, stocks, and all other assets, sum total.
If you say so
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