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Im pro @SantiagoAuFund and @MetreSteven because they're right. But what i don't understand is why so many of the worlds best economists are obsessed with finding inflation that isn't there until the system is changed. People can't see the forest for the trees.
Remember, if you cant explain something simply you dont understand it well enough and i dont know anyone who can explain things as simply as @MetreSteven. And he has the charts and data to back everything up. What is there to argue with?
Meanwhile everyone else is turning over every rock they can find until they see inflation. Maybe its under CPI, Maybe its in stocks, maybe its somewhere else...
This is a debt based system and the commercial banks run the world not the CBs. If the banks allow debt/credit creation then money expands. No debt creation means no expansion and paying bills means deflation. How simple do you want it?
Governments spend and issue bonds to get the "loan" who buys the bonds? The banks... how odd. Its almost as if the governments have a balance sheet and rely on the banks to credit them through bond purchases, and that QE is like moving a load of bonds into storage to sell later.
The system relies on productivity to create wealth and that comes from the private sector. Providing businesses are allowed to fail the system is large enough to allow continual growth. Stop the failures and zombification stops productivity in its tracks and drains the system.
BTC and Stocks have gone through the roof. But this doesn't show inflation. This shows speculators have created a bubble driving prices higher.
Real inflation is excess currency through expansion of the monetary base which as a side effect leads to increased prices.
Real inflation is excess currency through expansion of the monetary base which as a side effect leads to increased prices.
If you argue a Fed put for stock prices then the only CB to purchase stocks is the BOJ and the NIKKIE is lower now then it was in the 90s so clearly thats not a strong argument.
No one seems to talk about this though.
No one seems to talk about this though.
