Money should be called "government issued debt certificates undergoing slow motion default through inflation"

The scam is simple;

Convince people that endless exponential growth is sustainable,

Tell them its only possible with inflation.

Remind them government is god, its control over value is vital and inflation is the second coming.

Create fake growth by replicating this money into infinity then go on a 30 year spending spree...

Reply to this note

Please Login to reply.

Discussion

Absolutely.. We borrow every single dollar that's in circulation. If all gov't debt was paid off, we wouldn't have any money in circulation. And we're lucky to be paying interest for the pleasure of borrowing our money.  Ah Bitcoin. The free market answer to manipulated money.

Inflation today is a government/wallstreet/business partnership to siphon wealth from the middle and lower classes with the cantillion effect for the benefit of and to sustain power for the oligarchy.