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Originally Posted by Guest
Fiat currency, simply printing money is nothing new.
We are all aware of the German hyper inflation preceding WWII. If, you are not aware, Germany was not the only government simply printing money thay led to currency collapse; it was bad in Italy, Spain among others.
We are doing exactly the same thing. We have a fancy term for it so we want to believe. What is quantitative easing? In plainspeak our government is PRINTING worthless money to pay ITS BILLS.
Read these posts or any like them. Our dollar is based on the full faith and credit of the united states. Republican, democrat, independent, socialist,white, black, brown, blue or green FAITH IN OUR GOVERNMENT HAS CERTAINLY LOST VALUE.
Back to simple economics. The result of the national debt is INFLATION-a loss of value for our currency and perhaps more important certainly as important is the fact that we now need to worry about what our creditors will due. China has threatened to dispose of the Treasuries they now hold. It is true it would cost china because it the dollar collapses they would loose value on all the dollars they hold. For the US, it would economically destroy us.
Our FED says the want 2% inflation rate. HAS ANYONE BUT ME ASKED WHY??????? At 2% inflation your dollar looses HALF IT'S VALUE in 36 years. Inflation STEALS from savings and rewards debt.
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That's how they get paid...the "interest" from loaning us the "air" that they call "money". The "interest" must be created. That's the inflation. When interest rates are high...inflation is high...when interest rates are low...inflation s low. They work hand in hand.
Don't get too caught up in the how and why because it's all just a hugely complicated system of owning everything. The bank lens you "credit" it got from the Fed...you pay it back with interest derived from your labor...if you don't make your "payments" for the credit you borrowed...the bank takes your property. The bank NEVER had ANYTHING directly on the line except "credit" it got from the Federal Reserve banks.
It's ALL a big ponzi with the already wealthy skimming from everything.
They LET the public "own" their corporations, through stocks, thereby letting the public take the risk...and they, as board members/CEOs, get richer and richer taking the profits. They get what the company makes...you get some artificial "value" based on how profitable and therefore how much the real owners made. Better...more honest companies pay a dividend...giving the shareholders...the bag holders...a little something for their trouble....while the REAL owners make millions.
The top compensated 25 CEOs all make over $25 million a year.
"Million-dollar pay packages for board members are “very, very troubling,” said Charles M. Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. “It’s tough to justify.”
Directors play a pivotal role in corporate America, with responsibility for overseeing management, hiring and firing CEOs, ratifying key decisions, and helping set long-term strategy."
The wealthy are directors on multiple companies getting a cut from each.
The public are such fooled rubes.