Zeitgeist: Addendum Page #3
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- 2008
- 123 min
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Money-Jitters. Ask the obliging Bank of America for a jar of
soothing instant money.
M-O-N-E-Y in the form of a convenient personal loan.
So, now that we understand how money is
created by this fractional reserve banking system.
A logical yet illusive question might come to mind:
What is actually giving this newly created money value?
The answer:
the money that already exists.The new money essentially steals
value from the existing money supply.
For the total pool of money is being increased
irrespective to demand for goods and services.
And, as supply and demand defines equilibrium,
prices rise, diminishing the purchasing
power of each individual dollar.
This is generally referred to as inflation.
And inflation is essentially a hidden tax on the public.
What is the advice that you generally get?
That is, inflate the currency.
They don't say:
debase the currency.They don't say:
devalue the currency.They don't say:
Cheat the people who are safe,they say lower the interest rates.
The real deception is when
we distort the value of money.
When we create money out of thin air,
we have no savings. Yet there is so called "capital".
So, my question boils down to this: How in the
world can we expect to solve the problems of inflation.
That is:
increase in the supply of money, with more inflation.Of course it can't.
The fractional reserve system of
monetary expansion is inherently inflationary.
For the act of expanding the money
proportional expansion of goods and services in the economy,
will always debase a currency.
In fact, the quick glance of the
historical values of the US dollar,
versus the money supply,
reflects this point of definitively.
For inverse relationship is obvious.
One dollar in 1913 required $21.60 in 2007 to match value.
That is a 96 percent devaluation since
the Federal Reserve came into existence.
Now, if this reality of inherent and perpetual
inflation seems absurd and economically self defeating.
Hold that thought. For absurdity is an understatement
in regard to how our financial system really operates.
For in our financial system money is debt,
and debt is money.
Here is a chart of the US money supply from 1950 to 2006.
Here is a chart to the US national debt for the same period.
How interesting it is, that the
trends, are virtually the same.
For the more money there is the more debt there is.
The more debt there is the more money there is.
To put it a different way.
Every single dollar in your wallet
is owed to somebody by somebody.
For remember:
the only way the moneycan come in to existence is from loans.
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