Part 9/19:
- This process dilutes the purchasing power of the dollar, and wealth is transferred from the general public to banks and elite financiers who manipulate the system by loaning out this new money at interest—a profit made from "nothing."
Griffin underscores that this system effectively levies a hidden tax—inflation—where the value of the dollar declines, and those who get the first crack at this new money—such as government and bankers—benefit at the expense of everyone else.