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| That is the correct way to understand our world Von.
People who say 2% inflation target is the proper way to run things are blatantly lying to the slaves. And the slaves, being what they are, beleive it.
You trade your time / labour for currency. So your life is basically stored in that payment. You then take that payment and do other things. In this process you are still trading your life's energy.
Inflation is stealing it. Money printing. Debt expansion. These are stealing your life's work.
So the smart slaves have been trained on investing in the likes of stocks, bonds, and casino type of gambling to get a return anywhere possible to reduce their life's work being stolen.
What they don't understand is that they should not have to. Designed theft of your life's work is not something dismissed because you picked the right stocks 10 years ago.
The people stealing your life's work are not dumb. They know exactly what they are doing. The dumb ones are the slaves who think inflation is a necessity of the system and so go gamble to beat inflation.
And no, not raising interest rates a year earlier is not the right answer. That's the answer of a slave. Interest rates should never have gone below 5% to begin with. Maybe 7% even. The people doing this knew this also. They aren't dumb. The dumb ones think that +10 years of zero interest rate policy is good and the only mistake was not raising a year sooner. | |
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Inflation story on 60 minutes Australia
