FF, i don't see how it is in the interests of big money bankers to inflate the bonds that they primarily hold into certificates of confiscation.
yes, during expansions and 30-1 leverage, inflation make sense. that is what the fed did - inflate so that its owners would make big bucks with 30-1 leverage.
but the money supply + credit is now contracting.
the fed isn't getting money (debt - for money is debt) to the people, it is only bailing out the losses of the banks.
the near term inflationists point to the $1 trillion parked at the fed. i point to the many trillions in losses that this $1 trillion can't come close to covering.
as the fed funnels all the money they can to the banks, it robs the economy - and the people get to pay interest on the theft.
let me turn the question around - when have the major bankers inflated away the debts of a nation they have enslaved with debt?
zimbabwe and germany were nations that went rogue, as it were. they stopped allowing the bankers to control their destiny. they ended debt based money and just printed money like crazy.
everything i've studied wrt to the international financiers is that they use debt to enslave populations and control populations.
inflating away doesn't serve this purpose, imho.
john williams is a big inflationist. this is a response to his points about inflation from someone who's depth of analysis really impresses me - nicole foss...
theautomaticearth.blogspot.com
Nicole's podcasts are must listens, imho. even if you don't agree, my recommendation is that you should take the time to specifically counter her points.
sheffield.indymedia.org.uk
twobeerswithsteve.libsyn.com
btw, nicole believe we could get hyper inflation, her view is simply that a severe deflation that breaks the bond market must come first.
one of her points is that private investment will dry up as soon as the markets see massive "printing" of money (really debt, or money disassociated from debt).
this is a credit crisis, rates will sky rocket and debts will default by the trillions in a very short period of time. perhaps the tens of trillions.
my personal view is that the elites are taking their assets to cash and pushing all the toxic crap off on society so that society eats the depression losses as they purposefully contract the money supply to the bare bones.
why do this? wouldn't it be nice for the banks to pay 5 cents on the dollar for real estate? they'd get 20x the assets for their dollar. why not do that? they've beat the third world down with debt forever - and i believe they will do it to us, too.
once they insiders have purchased all their assets for pennies on the dollar, then they will work to inflate, imho. |
