Quote:
Originally Posted by kamikazi89
i don't think there's any arguing that the fed controls the money supply...they only wish they could (completely) control inflation
i guess one of the controversies is that it's a private entity.
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Inflation is meaningless to them. After WorldWar 1 in Germany, entire factories were being bought for a few hundred dollars or pounds. The german citizen needed a billion marks of his own currency to buy a loaf of bread.
They use inflation and deflation to steal effectively. When currency is based on gold, their currency is finite. When it is printed out of thin air, like today, there is an infinite supply. That's how we can afford military bases in 130 countries around the world.