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Alasdair MacLeod on theft via printing of currency

Discussion in 'Free Fire Zone' started by Riter, Mar 23, 2021.

  1. Riter

    Riter Active Member

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    We are witnessing the biggest theft in the history of humanity. There is a difference between money and currency and as the Central Banks (both ours in Estados Unidos and the EU) are going brrrrrrrrr! with increasing the supply of currency. Each new dollar created proportionately devalues those already in existence. In short, they're stealing from your pockets, your paychecks, your savings and your retirement.

     
  2. Takao

    Takao Ace

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    You must not read up on these matters much. The dollar index has dropped slightly, from 97 to 92, hardly what one would expected if dumping was going on.

    Basically, this happens every year, along with the requisite outcry of dumping...However, this is the result of the dollar, basically becoming the world currency. Governments need to pay their creditors, which mostly are in dollar payment, so they sell of their bonds to raise this money.

    Given our debt to GDP, the dollar is probably overvalued anyway.
     
  3. Riter

    Riter Active Member

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    Dollar will be the last man standing in the ongoing currency war. You may not be aware of it, but all central banks are going brrrrrr! The dollar being the world's reserve currency (for now) has certain privileges and advantages.
     
  4. Takao

    Takao Ace

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    Are you aware the central banks have been going brrrr for about a year now?
    This is not just something that suddenly happened. You see the Fed dumped 3 trillion into the economy last June 10, raising it's assets to $7.17 Trillion. Currently it's assets are at 7.69 Trillion. So, they are not going brrrrr like you seem to be thinking, but they are still going brrrrr.
     
    Last edited: Mar 23, 2021
  5. Riter

    Riter Active Member

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    Yes I'm aware brrrrrrr! is nothing new. Stuff isn't even printed anymore and are just computer entries. As worthless as the paper they're not printed on. Don't worry, enjoy the most massive wealth transfer in humanity's history. Like I said, race to the bottom.
     
  6. Takao

    Takao Ace

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    Of course the most massive wealth transfer in humanity's history...The die off of the Baby Boomers and the passing on of $30 Trillion in assets to the next generation.
     
  7. Riter

    Riter Active Member

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    Wealth flows upwards in this case. What else does hyper-inflation do?
     
  8. Takao

    Takao Ace

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    Meme Economics....The Hyper-Inflation scare has been going on since at least 2011.
     
  9. Riter

    Riter Active Member

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    1971, but one of the two components is present.
     

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