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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
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With M-1 falling rapidly, this tells me that price inflation is remote. It could even go negative -- something we have not seen since 1955. This will produce downward pressure on long-term rates because of a reduced inflation premium in loans.
Having the power to increase or decrease the money supply is the power to cause inflation and deflation.
If you have that power and if you have the power to misinform people about the current rate of change you have inside information and those who are outside can be deceived into transfering more power to the inside.
See this?
You have the power to increase the supply of money.
You have the power to decrease the supply of purchasing power (money).
You have the power to misinform everyone as to the current increase or decrease of purchasing power units (money).
You therefore have the power to create and use purchasing power (like having an unlimited credit card and having no obligation to pay back the money borrowed) while you have the power to take purchasing power away from everyone else - by fraud.
That is unlimited financial power. You can buy anything that anyone sells.
Can you trust someone to give you the true facts about the current rate of inflation or deflation if they have the power to misinform you?
Wouldn't it be wise to get a second opinion? This is like asking the mugger to report his daily schedule.