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Canadian interest hits trigger rates
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Von WC Ohio
Posted 11/23/2022 09:13 (#9945965 - in reply to #9945475)
Subject: RE: Canadian interest hits trigger rates



Below is from an old post I made in 2013.

Albeit this is more focused on the US Federal Reserve who claims 2% inflation is stable when in fact it is outright theft of ones labor over a lifetime.

https://talk.newagtalk.com/forums/thread-view.asp?tid=440530&mid=3550128#M3550128

Copy and paste of that post below:

 

 

The natural tendency is towards slight deflation. This is good and something every person is actually for. Why else do people flock to Wal Mart for the best deals on a TV or a Computer or DVD player, a phone or weekly groceries.They are seeking out the best and lowest prices which are a natural result of deflation due to increased productivity and efficiencies that happen over time and looking to get the most bang for their hard earned buck. 

From previous posts in these threads I made on AgTalk which is basically the same as what is below.

http://talk.newagtalk.com/forums/thread-view.asp?tid=427912

http://talk.newagtalk.com/forums/thread-view.asp?tid=349791

 TV's computers,phones etc gradually come down in price as technology advances and productivity increases this is supposed to be a good thing and is supposed to benefit the working people. It allows them to buy more product with fewer dollars with their hard earned money. However with easy credit and the QE policies the Fed is actually stealing the economic and productivity gains from the citizens in 2 ways. While products are cheaper to buy the citizens money is worth less so they still end up paying more in real stable dollars. They steal the value of the money AND the productivity gains on top of it.

Additionally but not previously mentioned

In the case of assets such as land, homes and stocks a 3rd form of theft is readily apparent. Massive ramp ups in valuations of these items is done through devaluation of the dollar and stealing the productivity gains and efficiencies all along the way. These translate into inflated asset prices, which when one sells or hopes to profit by to recapture some of the stolen efficiency/productivity gains there stands the Govt. again with it's hand out to collect ever higher taxes based on imaginary gains that they themselves created. They have stolen the value of the money (ie your hard labor) all through your lifetime, reduced the buying power of the money you were able to acquire, and then when you hope to capitalize on a little bit of your life's work they confiscate even more based on imaginary gains of their own creation.  

Everyone seems to hate deflation but in real life actually seek it out when they look for the lowest prices. The dual mandate of the FED was supposed to be low unemployment and stable prices.

People need to see that as they devalue the currency (which is the store of your hard physical labor) They are really stealing your hard labor from you with no compensation.

Lets call it what is. This is theft of labor (as measured by the devalued currency) which equals slavery whether monetarily or physically it's the same

Stealing labor is slavery to benefit a bloated govt. and banksters !

Until people stand up and demand that their labor is their own this is going to continue. 

The main purpose of a currency is to retain stored value. This allows you when young to save excess labor you are able to do quite easily for a time when you are old and perhaps are unable to work or wish to not work as hard as say when your 18.

Their "desired 2% inflation rate" is far from low and stable.

 Info. below credited to Mr Denninger's post located here. [(Edit my opinion based on what I have read) Mr. Denninger has slowly been removing older articles from public view as he begins shutting down. His posts and commentary indicate he has reached the point of providing as little economic output as necessary so will be winding down his posts and archived material since there has been an absolute refusal by most people to stand up against all the offenses being committed against the citizenry. Therefore the link below will no longer take you to this article.  I provide it here as that is where it was quoted from and I wish to give credit to the source of the blue text below]


"The Fed Mandate is for stable prices, not 2% inflation.  Need I remind everyone that a 2% inflation target, if met over a 45 year working life (age 20 - 65) results in a price increase of 144%?

Of course the actual performance of The Fed historically is closer to 3% inflation.  That's a 278% inflation over the same 45 years.

Put another way if you earned $1 in purchasing power at age 20 and saved that dollar, you have about 35 cents left at age 65.

And this is Bernanke's intent."

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