Posted 5 years ago on Feb. 19, 2013, 11:13 a.m. EST by TrevorMnemonic
This content is user submitted and not an official statement
Do you think paying more money this year for the same exact thing you got last year is acceptable? What if it kept getting more expensive every year? Should you just accept this as "that's just the way things are" ??
Inflation has been going on for years while wages have been stagnant, and labor has gotten cheaper for many goods due to outsourcing and machinery. Cost of labor is not why we have the levels of inflation that we have.
The majority and most recent levels of inflation have been caused by
Commodities futures trading
The Fed's policies devaluing the dollar by creating it from nothing and backing it on a theory. Inflation is caused when you create new money without new wealth.
We buy oil in US dollars from Foreign countries. The Fed's policies from Greenspan to Bernanke, creating trillions from nothing and giving it to banks decreases our dollar against foreign currencies. This causes our oil bill to go up, which then increases the prices on everything that utilizes oil.
Would you consider roads, railways, water systems, and housing to be real wealth? I do. Most people would too. Our monetary policy should reflect that. We need to create new wealth when we introduce new money.
We need a National Economic Employment Defense Act! One that uses monetary policy to build our cities, create jobs, and increase the wealth in our country! Giving trillions to banks isn't working out. They've used it to manipulate, defraud, and corrupt.
A debt-based monetary system, where money comes into existence primarily through private bank lending, can neither create, nor sustain, a stable economic environment, but has proven to be a source of chronic financial instability and frequent crisis, as evidenced by the near collapse of the financial system in 2008. They create money from nothing and give it to banks. Not to the people, but just to the banks so they can gamble and exploit through commodities futures trading.
Read this - it would solve a lot of problems if legislation like this were passed - http://www.govtrack.us/congress/bills/112/hr2990/text