ECHARTERS Message Board - Msg: 27778146

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Gold/Mining/Energy : ECHARTERS

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To: grusum who wrote (3686)	11/20/2011 10:20:16 PM
From: E. Charters	Read Replies (1) of 3744

hmmmmm... it would make sense except for these concerns. The money was made by credit, i.e. loan creation. Most of the money was made to pay government debt. If the wealth exceeds demand, then it must die in value. This is called supply and demand. All excess credit exceeds demand, and productive creation. It is created not by demand for production, but by phony credit. This applies to most government money, and much money made to create growth. The money to pay it back, i.e. the interest is not created. This must be created by artificially expanding the economy. All of these forces create inflation. Read a few economic texts. All economists agree that the time value of money creates inflation.When economies were based on gold and silver there was very little inflation for hundreds of years. With the rise of paper money came all the evils of inflation. The Chinese had four disastrous economic collapses in their modern history and these were all based on paper money being printed far too fast. The idea that there can be a saving economy which will preserve value is naive. If it ins excess it will be put in banks. Their loan rate based on the money in their banks will create inflation. EC<:-}

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