Forum Post: Pound on the media through social networks...
Posted 11 years ago on Aug. 23, 2012, 3:54 p.m. EST by richardkentgates
(3269)
This content is user submitted and not an official statement
...until they start talking about why the FED is fighting so hard to prevent deflation. This is the pivot of our class war. It really and truly is us or them. The 99% v 1% and deflation v inflation is that pivot. You don't have to understand if you don't want to, just ask and see how much they resist. The fact that they only focus on inflation and that the FED has inflation goals, should tell you something.
Wouldn't deflation make all debts more difficult to repay? Personal debt as well as money owed by government.
No, it would not.
That assumes that all wages and everything else stays as it is though and only the relative value of the dollar goes up. Inflation seems to drive up wages and prices. Couldn't deflation do the reverse making it harder to repay loans.
Actually, that is incorrect.
I really don't have any interest in filling in this much of an education gap. No offense. The information is available on the web.
bank interest and fractional loaning
What does it all mean?
a select few are given control of the distribution of money
The bankers! Right? I agree take away the priviledge! There is clearly a conflict of interest <-- oop no pun intended