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Saturday, January 23, 2016

Central Bank Keynesian fraud and the No Inflation Myth.

Cult of Monetarists keep the scam of bubblenomics going.

by StFerdIII

 

Central Bank fraud. There is no inflation. There is nothing bad about endlessly increasing the money supply. More money in circulation has no impact on inflation. There is no need to save money. Just invest in housing and stocks. Inflation is precisely '1.9 %', or whatever the fraudulent number is today. Since 1971 and the end of the Gold standard, prices, debt, money printing have gone straight up. A dollar in 2015 was worth maybe 15 cents of a 1971 dollar. Utilities across the world, along with many food items, not to mention housing are up 10% p.a. Money supply far outpacing its circulation has eroded and exploded many national currencies. But of course according to the great gods of Central Banks; there is no inflation.