Inflation: Kryptonite That Will End The Monetary Policy Ponzi Scheme
The comments below are an edited and abridged synopsis of an article by Quoth The Raven
The world’s central banking model is effective because regular folks don’t understand it.
Inflation works on the people who can least afford it, and does so in a convenient way for elites, politicians, central bankers and central planners whose jobs hinge upon nobody questioning them and/or figuring out how the system works.
The modern banking world is a system wherein central banks can print infinite amounts of money, which is then distributed to the ruling class, billionaires and elites, instead of the people who need it the most. This shows up as a widening gap between the haves and the have nots that has grown consistently since the late 1970s.
As a result of the most recent re-distribution of purchasing power disguised as monetary stimulus, billionaires amassed an additional $4.1 trillion of wealth during a period when some 100 million people have fallen into extreme poverty.
When the Fed considers stimulating by printing trillions, why not just divide the money evenly among everyone in the US? Why must it be re-balanced and deployed in a way that benefits those who already own financial assets?
The answers to these questions belie a bigger problem: The global economic system and monetary policy as a whole.
In the early 2000s and 2010s, posturing as though QE was a one-time experiment that worked because inflation didn’t run rampant was easy for central bankers. But now, in 2022, it looks as though it is finally time to pay the piper.
Today, the Fed faces a situation where, in one direction, stocks collapse because of rising rates and in the other, the US dollar becomes worthless as we fruitlessly attempt to print our way out of debt.
But in 2022, unlike other points in history, this challenge comes at a time when the world has never been more aware of the false narrative central planners are trying to perpetuate.
Over the last decade, the populace has woken up. Thanks to cryptocurrency, many people who wouldn’t otherwise be interested have been learning how our fractional reserve central banking system works.
In addition to younger generations catching on, their elders have moved inflation to the #1 spot in their political priorities list. In an election year, politicians want to deliver answers in an attempt to appease voters.
There is no easy way out. Politicians will run out of excuses. The Fed will go before Congress like an addict who has hit rock bottom. Last but not least, the US will bear the consequences of central planners’ decades of deception, naivety in trusting that it was under control and the world’s willful ignorance in letting it unfold.
