heybobc

 
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  • in reply to: Bernanke And Draghi Are Not Trying To Save Our Economies #5623
    heybobc
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    @St. Albans: Central banks are the source of money. They wave a wand and poof! Here’s a $million, or a $billion. There can be no run on a Central bank because it’s not your money.

    When a Central bank poofs! more money into existence, all money loses value since there is more money to buy the same quantity of goods and services. Money losing value is called price inflation which, since 1971, has occurred continuously.

    When the Central bank creates inflation and makes your money lose value, it’s just like they reached into your pocket and stole some.

    This is just a small part of the story about the criminals we call bankers, and our elected officials who collude with them. Grab the Internet and read on…

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