Quote="BrisbaneRhino"Anybody who thinks high inflation is somehow a good thing and wouldn't affect poorer people far more than the well off is kidding themselves.'"
Given no one suggested indulging in high inflation why the above comment?
When you take a step back you realize that over 97% of the money in the global monetary system is in fact bank created IOU's, all pensions are IOU's, government bonds are IOU's etc.
The global debt combined is currently 313% of global GDP. There is no way the fast majority of these debts can be paid back. The battle now is who's IOU's are honored and who's IOU's get thrown on the scrapheap. The banks are making damn sure their IOU's keep their value at the expense of our pensions and wages.
Quote="Dally"To me this makes alot more sense that The Guardian writer's piece:
When you take a step back you realize that over 97% of the money in the global monetary system is in fact bank created IOU's, all pensions are IOU's, government bonds are IOU's etc.
The global debt combined is currently 313% of global GDP. There is no way the fast majority of these debts can be paid back. The battle now is who's IOU's are honored and who's IOU's get thrown on the scrapheap. The banks are making damn sure their IOU's keep their value at the expense of our pensions and wages.
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