Forum Post: Occupy Inflation!!!
Posted 12 years ago on Oct. 20, 2011, 4:12 p.m. EST by obamtron
(15)
This content is user submitted and not an official statement
9 years ago you could buy an ounce of gold for 250 dollars and a gallon of gas for 1 dollar. How quickly we forget, war is at fault for our situation. If you have to print money to fund empire you take value away from the existing currency. Think of your money like you would a Babe Ruth baseball card it is only given value by the number available to the customer. If the Babe Ruth card is rare it is given a high value, if it is common it is given a low value. The same is true with money, as the amount of money in circulation goes up the value goes down. Simple economics. Inflation is the biggest reason why the poor are getting the short end of the stick.
according to Modern Money Mechanics "The actual process of money creation takes place primarily in banks." and "The deposit expansion factor for a given amount of new reserves is thus the reciprocal of the required reserve percentage (1/.10 = 10)." this means money is created every time a "deposit" is made by 10 times. (fractional reserve policy) this is infaltion money is created with deposits and everytime it lessens the value of the whole, due to the law of averages. they do this because they think "Money, like anything else, derives its value from its scarcity in relation to its usefulness"
Have you ever thought about what would happen to the economy if there were deflation instead of inflation? Just curious...
it is already happening look at the exchange rate between the dollar and the canadian dollar. This road has one end and that is the fall of our empire. Controlled Demolition
Credit is major cause of our inflation. Credit and debt actually. Which is 50% Americans fault because they are dumb enough to run out in a trove of 4m in 3days to buy the new iphone. This is a major problem in America.
STOP BUYING STUFF ON CREDIT!!!!!!
Banks are the other 50% for loaning and extending lines of credit in which through fractional reserve banking can create money out of thin air.
you said it credit is the problem, and our government has a huge problem with its credit cards. If they were a person they would have been cut off and everything would be Repossessed.
I agree but that is not what i was getting at. Their needs to be a hard limit on the national debt. Like 25% of the GDP or something that cannot be changed by Congress only by popular vote.And the only time it should reach that is in a recession.
the fed will never allow that. Those in power will not allow their system of control through debt to be reformed
They will have no choice. Not in power when we vote them all out are they?
you can't say the people are totally at fault here it is the lowering of interests rates and increasing the money supply that creates these credit bubbles. It is a trap from the 1%.
where is the outrage for INFLATION!?!?
Inflation? What inflation? Sure there is some, but by historical standards, not much at all. Inflation was so low that for two years in a row, it didn't trigger an increase in social security checks. Inflation is not a good thing, but find something that is real here in the present.
Inflation is not real? Gold is a currency used for centuries and has held its value with out exception. Our buying power when it comes to gold has gone down over 600% in the last 9 years, when it comes to gas our buying power has gone down over 300% When you go to burger king and you want a whopper your purchasing power has gone down over 100% I can go on an on the fact is wages have not gone up nearly enough to counteract this inflation and the worst is yet to come.
You lose a lot of credibility with your numbers when you say purchasing power has gone down over 100%.........
my bad it went down 50% on the whopper