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I am anchor
Devaluation
Posted
David Adler
Modern money history tells the tale: A delusion became possible when it was convenient; much like the king’s new clothes made with “invisible thread.”
That delusion, and therefore a lie, occurred when elected politicians and bankers learned how to print money subject to legalized devaluation.
It stinks! It is legal and unethical at the same time. That is convolving. Any “ordinary little guy” is unaware of the trick.
By such legalized devaluation at the federal level, the presumption is jobs are being created, a continuing sore delusion.
A large insurance company reports 10,000 oldsters are retiring every day of the year, about 300,000 per month. The so-called created jobs per month do not even come up in this number.
Those newbies coming in are cheaper than those oldsters going out. This shifts wealth to benefit the system, a weighted average must be considered to analyze correctly.
Without significantly more than 300,000 per month being in the accounting, “the powers that be” are selling pure “invisible thread.”
Fountain Hills Town Council would not create one book-keeping job to oversee the new environmental fee/tax.
When bankers of the old west were caught pilfering miners’ gold dust bags, which is a criminal act of devaluation known as theft, they were taken out of town “on a rail, tarred and feathered.” Punishment certain.
Today, devaluation made legal is a form of such pilfering, not by bankers alone, but by governments on a monumental scale. A corruption!
Absence of any prosecutions for the 2008 banking credit crisis is a direct measure of politicians’ and bankers’ impunity. Why, of course that was their agreement. It is legalized government theft.
Return growth and prosperity to the U.S. by reigning in the U.S. Federal Reserve Bank. And make it clearly accountable to the U.S. Congress and its people.
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