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Replying to Avatar Kevin Alfred Strom

Leaving aside the dietary advice, there's one mistake in this otherwise well-done video. It is not _just_ the state that creates inflation: Private banks do too. In a fractional reserve banking system, which is what we've had all over the West since 1945, all loans are created out of thin air, including the ones from your local bank -- thus creating money and inflation. Since the bankers now effectively own the Earth, they dictated long ago to nearly every government that said governments shall not print money any more, instead they shall only _borrow_ the money that the bankers create. So, really, most inflation comes from banks, who are now the real owners of the state -- and of us. Until we give them what they deserve.

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Jeff Swann 9mo ago

The State grants the license that banks need to issue dollar loans without the actual money to do so.

The dietary advice is also accurate.

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Kevin Alfred Strom 9mo ago

The fractional reserve swindle did not start out as a state-licensed activity, though hundreds of years later governments started to insist on licenses. Can you imagine that? -- a license to steal, and debase the currency. But that's exactly what it is.

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