Kevin's Bacon @Kevin's Bacon - 7mo
Everything you wrote was accurate but it was mere nitpicking. The original concept of the original note is essentially true, at least from a certain way of interpreting it. And the government and banking cartel are in some respects the same entity. The government provides the scaffolding for the member banks to have their immense say on monetary policy with immunity to questioning in the minds of the average person.
The government is just a large security corporation which is intimately involved with other corporations such as the Fed.
I see, so you want better precision in our language. I think maybe we are just speaking a different language, but the goal is still something I should consider. Federal deficit expansion has a met inflationary effect long term, because it pumps dollars into the system and those dollars have to come from somewhere, and they're basically being issued as federal debt, which is bought up by global investors or the Fed. When the investors don't feel it's attractive enough for the Fed's liking, the Fed will print and the money supply will increase. Until then it's a localized expansion of available dollars (an increase in supply, an inflation-like event) in the U.S., especially close to government contracts and whatnot, at the expense of dollars elsewhere. Not actually inflation of the money supply, but it tends toward more future expansion of the money supply, because the government is not incentivized to own up to its mistakes. So what we're saying on a long enough time scale is true. If we say that the Fed specifically is printing right now, well yeah that's false (aside from a little bit a few days ago there)
