Showing posts with label Inflation. Show all posts
Showing posts with label Inflation. Show all posts
Friday, August 21, 2009
The fate of the country is in doubt.
Inflation is engineered by government agents as a means of taxation without representation. It is the result of actions
by unelected officials at the US Treasury Department and Federal Reserve. The nation's bean counters recognize that they reap more money by taxing the same product at $100 than $10. One way to achieve this hidden form of taxation is by printing worthless dollars to monitize the nation's debt.
When we print dollars that are not backed by wealth, we artificially increase the number of dollars competing for goods and services both here and abroad. Since the amount of goods and services is finite, more dollar competition drives up their costs. Escalating cost without increasing value is inflation.
Unfortunately for the BorgBrains, there are voices of dissent.
If the housing mess is the official economic scapegoat for the Obumakins, how can they justify the actions of Ginnie Mae?
Nonetheless, there may be light at the end of the tunnel.
May your gods be with you.
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