By Puru Saxena article link
Jan 15 2010 2:05PM
We want all our readers to understand that inflation is a disaster for society and it only benefits the elite. In fact, we will go even further by stating that inflation is a hidden tax, an insidious crime against the public. It is the easiest way for any government to confiscate the savings of the public and for generations, wealth has been transferred in this manner.
In our opinion, inflation is evil and the sole reason why human beings have become modern-day slaves. Remember, money is supposed to be a store of value, however due to reckless central bank-sponsored inflation, it can no longer fulfill this critical role. This is precisely the reason why human beings are never satisfied with what they have because nobody knows what their savings will buy them in ten or twenty years time. So, rather than enjoy their lives, the vast majority of people continue with their never ending pursuit of acquiring even more money! Unfortunately, nobody questions the inexplicable loss of the purchasing power of their savings, thus, central banks get away with financial murder.
It is our contention that inflation distorts the economy, it brings great harm to the public and it encourages speculation and mindless risk-taking. In fact, inflation acts as a poison for retired people since they are no longer able to earn more money in order to maintain their standard of living. So, thanks to inflation, most senior citizens are unable to enjoy the fruits of their labour.
Before we delve further, we want to make it absolutely clear that inflation is defined as the increase in the quantity of money and debt within an economy. And contrary to what the governments want you to believe, inflation is certainly not an increase in the general price level within an economy. Instead, an increase in the general price level within an economy is a consequence of inflation.Allow us to explain this subtle yet critical difference: ...
Apart from diminishing the purchasing power of savings, inflation also creates unfair advantages for the elite. When a new cycle of inflation (expansion of money-supply and credit) commences, usually the governments and banks have first access to this newly created money and they obtain this cash at a time when prices within the economy are still depressed. Therefore, these powerful entities are able to buy inexpensive goods by using this newly created money. Now, by the time this surplus money has permeated through the economy and reached the masses, prices have usually risen significantly by then. Accordingly, the public gets access to the additional money at a time when prices are much higher than the commencement of the inflationary cycle! ...
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Inflation is the Sole Reason for Modern Day Slavery
Author: Mac Slavo article link
January 19th, 2010
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