RE: Inflation - A Hidden Tax : What Is Inflation & Why Children's Savings Accounts Are Unwise!
@jockey the system is even more corrupt than your post describes.
when the privately owned Federal Reserve prints money
The Federal Reserve does not, in fact, actually print more money.
It physically does not exist. I've read estimates that say there is only about 10% of the US dollars actually in existence (i.e.paper or coins).
It's all just digits in the Fed's ledger.
When someone borrows money to buy a house, they're not borrowing money that another person has deposited with the bank. The bank "creates" that money, as an I.O.U., which instantly becomes debt for the borrower.
New banks being built in the US generally don't even have a vault. Banks request that you put in an order ahead of time if you want more than a certain amount of cash ( say more than $5,000) because they have to order it.
Yes mate you are totally correct!
I always love to hear your input!
This is such an important topic I thought I would ease into it! I will be posting further about the truth of our current financial structuring soon!
Cheers buddy! =)
Upvoted and I followed you from the beginning! =) J
Thanks for confronting a truth most people cannot.
They print and mint 24/7 - but compared to the digital ledger (imaginary money), it's a 'drop in the bucket'. @ironshield
Exactly, that's another reason behind the push for a "cashless" society.
They're deathly afraid what would be exposed if there was a run on the banks.
A run on the banks is a nightmare scenario for everyone, the banks and us. @ironshield
And it would take about 15 minutes for them to be completely out of cash.