| View single post by Joe Kelley | |||||||||||||
| Posted: Tue Apr 15th, 2008 03:25 pm |
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Joe Kelley
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http://www.lewrockwell.com/north/north620.html
The power to create 'purchasing power' and then sell this power (with interest) is one side of the coin. Power transfers to the currency fraud at a specific rate (interest rate). The other side of the coin is 'deflation' when those who 'borrowed' the power to purchase (and the additional charge of interest 'debt') are priced out when money becomes scarce (they can no longer afford to pay the loan back and can no longer afford to pay the additional interest payments) so the loan defaults (less money in circulation makes it hard to get money and that causes a solvent business to become insolvent) and 'title' (title to whatever was held as "collateral") transfers to the currency fraud operators. Two sides to the currency fraud: Side A = Inflation and Interest Create imaginary purchasing power and sell this purchasing power to initiate a transfer of purchasing power from those who earn it to the currency criminals. Side B = Deflation and default Remove imaginary purchasing power and foreclose on defaulted loans to gain title, possession, and control of the products produced by the imaginary purchasing power. Inflation makes currency cheap and easy to get as the supply of purchasing power reaches over-supply. Deflation makes currency expensive and hard to get as the supply of purchasing power reaches scarcity.
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