3 Comments

1. 

   R. Pereira on August 28, 2022 at 6:20 pm

   Very relevant now

2. 

   Spi&thinks on August 28, 2022 at 6:20 pm

   Skills to pay the bills are definitely the best investment. Main thing with inflation as I see it is you can't discount its movement towards systemic instability; further, if you don't have initiative on capital, your skills are still being borrowed against in nominal terms, leaving you further behind over time as inflation accelerates. The cash of a nation is its first economic obligation, its first abstraction of mutual trust, and when this trust is betrayed, look out!

3. 

   Mr Me on August 28, 2022 at 6:20 pm

   Heres what causes inflation.
   The world has 3 fundamental underlying problems which destroy our societies.  If we dont know them,  we can't fix them.  If we dont understand the root cause of the problem we will attack the symptoms or the actors, not the cause.

   The 1st problem is that large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, with interest attached.
   This indebts the whole world, every person, every government, in totally unpayable debts,  enslaving us all to bankers through personal debt or Excessive taxation, surcharges, permits, licences, registrations, regulations, fees, rates, duties, stamp-duties, fines,  levies,  adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free.

   2nd. Fractional banking allows these banks to create almost any amount,  blowing massive bubbles (housing/stocks) and devaluing everyone's savings and work by raising all prices.   The fix?
   Stop all banks and financial institutions loaning out more than they have on deposit and return legal currency creation to national treasury departments with a zero Inflation policy.  This will not create inflation like bankers/economists would like to have you think.  It is not WHO creates money that drives the constant devaluation of your money & work,  it is THE VOLUME per population and productivity.
   The banks increased the base currency supply by over 40 % since march 2020. This is further multiplied by fractional banking. You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings and wages by 40% as it enters the economy ?

   3. Fiat currency whether paper or digital has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system.
   Return to constitutional Silver, Gold, Copper & Nickle currency, designated by weight not cents/dollars. These will find their own local value.  These can't be printed to oblivion, have intrinsic value, and are a safeguard against selfish human nature.  Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep the government mints honest as to premiums.

   Correct these 3 Principles and >80 % of a nation's problems would disappear.

   Otherwise, prepare for destruction.

   Please educate yourself,  Print this out, and share it, Tweet, post.    Only we can save ourselves  !

   These 3 paragraphs can change the world and get you, your family & children out of everlasting serfdom.