Sep 25 2006
How to Cure Inflation
The Federal Reserve claims to be a vigilant fighter of inflation and responsible steward of the dollar, when in reality it is a banking cartel in the business of earning profits off the very principle of lending money functionally printed out of thin air. Hence, perhaps this clip is just a touch oversimplified regarding how quickly inflation hits the system, but fundamentally it hits the nail right on the head.
Perhaps rising prices are not so severe as when this clip was made in 1980; you can thank the trade deficit for hiding the fact that the running printing presses have been hidden by cheap import infrastructure created as newly minted dollars vented abroad. In other words, U.S. consumers dodged rising prices by buying from abroad. For now, at least, lest we ignore $60 oil and gas prices that are still well above their prices of just a few years ago even if they’ve dropped a bit in the past few months.
