PRETEND (DEBT-BASED) currencies require permanent money printing
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"World economy is so damaged it needs permanent money printing"
http://www.hangthebankers.com/world-economy-is-so-damaged-it-needs-permanent-money-printing/ Gee, ya think??
With PHONY currencies backed by nothing but DEBTS that cannot ever hope to
ever be repaid it's a given that it's either INFLATE the currencies (debts away),
nearly constantly, or witness economic collapse. It's that way with every PHONY,
PRETEND currency (DEBT-BASED currency). And of course, by the way: This is
'theft by way of inflation'. And one of the many slights in the banksters seedy
bag of tricks to steal ones savings.
After all the insanity of the last few decades (many ten's of trillions in new debts)
it's a given that they cannot allow interest rates to rise without causing utter and
total collapse. Nor can they allow QE to ever stop for any length of time.
As for the nonsense about how there is a "deflationary trap" in contemporary
economic theories (and also in the article at the link above) it is just a load of
nonsense that these phony economists (Inflationists) demand, and would have
everyone believe.
One doesn't have to go back further than the 1800's to know that sustained
deflation isn't any "trap" of doom (except with phony (debt-based) currencies) &
that in sustained deflationary periods such as back in the 1800's that huge
economic longer term growth was indeed had during the multi-decade sustained
deflation, all under the swagger of REAL MONEY (Gold & Silver), instead of PHONY
(debt-based) currencies called fiat.
Of course back in the 1800's we also didn't have ruinous levels of margin debts
on stock markets, nor the insane levels of government debts the world over. Nor
the stupid levels of corporate and personal debts nearly the world over. Nor the
insanity of fractional reserve banking on top of pretend, phony currencies.
It's not deflation that is a trap, but instead the always TOO MUCH DEBTS that will
always result under every DEBT-BASED (PHONY), PRETEND CURRENCY that is
merely an imposter to real currency.
It's the DEBTS stupid, not the deflation, that is ALWAYS the trap.
Two points to Mises.
(The proof of insanity is arguing with any delusional idiots...!)
Of course the accepted, inner-jerk-circle economists haven't yet figured that
one out just yet. Their far too busy in their own delusions of grandeur to bother
with common sense.
SO: It's simple: It's either inflate, or we suffer economic collapse at this extremely
late stage. We are in terminal decline for our present monetary systems, at least
unless their severely 'inflated away' so that as a store of value their only worth a
tiny fraction of their rather recent former selves. Until such a time that we either
collapse, or have successfully severely inflated away our pretend currencies then
we wont be out of the present DEBT-TRAP INSANITY.
And yes, it's just a matter of time. And yes, it's Bubble 2.0, and no asset class
except real money is safe anymore.
BTW: Real Money = gold, silver, other physical commodities, and Bitcoin so far.
And everything else along with everyone else is soon going to be severely
punished (devalued).
Two more points to Mises.
Pretend currencies have no business in the real world. Debt-based currencies
are the true pretend currencies.
Pretend (debt-based) currencies require permanent money printing
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