Sunday, March 16, 2008

Why the dollar is monopoly money - the proof

Remember my article about why the dollar is worth less and less, aka Why dollar is monopoly money? It irks me that simple stuff like this is seen by me and perhaps macro-economy experts - people who really are into this stuff, while the average person thinks it is too complicated to understand.

But this is not complicated at all, folks!

My post from way back explained it all before, because I spent 2 minutes thinking and using the twin dangerous weapons of logic and common sense.

Because people always email me/post comments on the blog or DIGG about "Give me proof you conspiracy truther/nutter/idiot", even if something I write about is blatantly obvious (or should be), well...

Here is proof about my thesis of 'Why the dollar is worth less and less'"

Remarks by Governor Ben S. Bernanke
Before the National Economists Club, Washington, D.C.
November 21, 2002
From federalreserve.gov:
"In brief, the reason is that people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation."

The more debt a government has, the more inflation is desired, and the dollar becomes monopoly money. It is in the interest of the USA government to make the dollar worth less and less because USA has so much debt. It is that simple!

Got that? OK!

My blog is written in a clear and as concise language as possible to make complicated issues and flip the script - to make them easy to understand, using common, simple language and common sense concepts. Because, in truth, the majority of issues we deal with in this world and hear on the news are NOT complicated - we just get short, stupid soundbites and "experts" who deliberately obfuscate issues by using "big" complicated words like paradigm, non-recoursive, etc etc.

Lets flip the script - and use the two most dangerous weapons available to us, logic and common sense.

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2 comments:

greg Bacon said...

"..the reason is that people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation."

Spoken like a true aristocrat who has no idea of what in the hell is wrong with the economy.

How about the goverment quelling inflation by not getting in so much debt?

The more Monopoly money the private bankers of the federal reserve keep pumping into the economy means the less it's worth.

Eventually, it will be more advantageous to use one dollar bills to wipe one's arse, since toilet paper will cost too much.

Anyone needing a lesson on what happens to an economy and a society that uses Bernanke's advice, need to look no further than Zimbabwe, which has been using the Fed's economic model of printing money as fast as they can.

The inflation rate there is somewhere around 10,000%, yet there are no goods on the shelf.

Why? Because other countries refuse to take Zimbabwe"s money, because it's WORTHLESS.

Hey, I know just the trick to take our minds off this dreary talk of recessions and depressions!!

Another false-flag op like 9/11!!

Hell Yeah, that will do the trick and get people rallying 'round the flag, even as their homes are being autctioned off by the same banks that helped create this mess in the first place.

123 said...

It was very interesting for me to read the blog. Thanks for it. I like such themes and anything connected to them. I would like to read more soon.
Alex
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