This is How You destroy World High Inflation

Discussion in 'Economics' started by bearice, Apr 17, 2011.

  1. I was thinking the same. Thanks for the support.
     
    #61     Apr 28, 2011
  2. I can see it, 2 billion people being introduced to something called a US Dollar...

    Stuff it down your throats so you can pay the bills and the debts already incurred by a fiat money debt system. The current problem in the US is that the mode of propagation (money velocity) is geared towards the banking system and maintaining its solvency in spite of the inherent difficulties there...

    Joe Blow and his small business is never going to benefit from policies designed to keep inherently dysfunctional businesses in operation.

    The money velocity isn't just slow and maladjusted, its misallocated into areas that are inherently non-beneficial and possibly negative to the labor equation in the economy. They are clearly in the favor of Capital... Antal Fekete has spoken about these perturbations that ultimately destroy the real economy and leave a disease courtesy the over-leveraged Capital that is speculating in bond Markets for no risk..

    This is clearly glossed over by politicians on both sides of the political sphere. Why? Because look who still contributes all the campaign money equally allocated to both parties? Banks.. and Hedge Funds..

    Citadel's founder and employees always funded both parties, you can Google this stuff.
     
    #62     Apr 28, 2011