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RE: Inflation: The Central Bankers' Biggest Lie and Why It Will Lead to Financial Disaster.

in #money7 years ago

This is an excellent video, thank you.

I've always scratched my head about why central banks have inflation targets and promote a level of inflation as a good thing. It's totally nuts.

The general public are conditioned to believe that inflation is normal and expected. Part and parcel of life.

When you google 'inflation' the promoted top article is the Wikipedia definition, which starts as follows:

"In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.[1] When the price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.[2][3] A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index, over time.[4] The opposite of inflation is deflation."

Only much further down in the definition do they mention money supply.

There is clearly therefore a deliberate long term coordinated plan by the central banks to mislead and misinform the general public in order to deflect attention/blame away from themselves and the debt based fiat monetary system.

People sense that something isn't right economically, but few of us are on the right track to identifying the problems. All the false inflation and employment numbers are becoming so blatant nowadays too.

How many times do you hear a political candidate even mention the inflation scam and correctly attribute it to the failed monetary system?!

Anyway, a long comment to your video, so sorry about that.