As the economic depression worsens and show no signs of positive correction, the bankers and economic “experts” continue to spout all sorts of propaganda to appease the people and justify their continued wealth consolidation.
Franklin Sanders, a financial commentator and previous metals expert who was interviewed for the Beyond Off Grid documentary, wrote some insightful commentary on this topic in a recent email. Franklin writes:
“Some things are so bodaciously stupid that you hardly know where to begin unraveling them, because the stupid sticks out all over. Today there’s reports the European Criminal Bank — whoops, Central bank — will engage in new stimulus measures, read: inflate more. In a statement that for utterly pure stupidity could hardly be beaten, ABC News reported that “Draghi warned that low inflation — a sign of economic weakness — could be getting worse.”
But inflation doesn’t result from any act by the economy weak or strong, it can only be done by a central bank, because it is creating new money. But the point of this moronism is the lame idea that somehow new inflationary money can stimulate the economy. In fact, it can only cripple the economy, because it makes money artificially cheap which fools entrepreneurs into investing in unprofitable ventures — in short, wasting capital. So the result of inflation is not only picking the pockets of all savers, but also misdirecting capital so that a temporary economic crisis can become chronic.
Here’s proof: the US Federal Reserve has been stimulating the US economy since 2008, and the “economic recovery” remains one with the Yeti and Bigfoot. Never mind, they keep on doing it anyway, because if they ever stop printing money, their whole system will collapse.”
It has become obvious to anyone who is paying attention that the American and global economy shows no sign of real improvement. The causal factors that have led us here – financialization of the economy, corporatist globalization, and systemic deficit spending resulting in record-breaking national debt numbers – continued unabated and will therefore give us more of the same.
Until the causes are corrected, there is no hope for a positive correction or real economic recovery, save that which comes after the current system collapses of it’s own unsustainable hubris and bloated excess.
To learn more about the impact that inflation will have on you and your family, read my article “What’s Your Threat? Inflation Makes Everything too Expensive” .
Subscribing to Franklin Sanders’ Moneychanger newsletter is a great way to get educated about real money – gold and silver – and how to make wise financial investment decisions in the current climate of confusion.
Franklin Sanders quote (c) 2014 The Moneychanger, reprinted by permission. You may sign up for the Moneychanger’s free commentary on the gold and silver markets — and a lot of other things — at www.the-moneychanger.com.