So tragic, its funny, but all too true.

Posted on December 4, 2010 | 3 Comments

If you want the simple truth about central banking, “quantitative easing,” and the global financial predicament, watch this video. — t.h.g.

This entry was posted in Finance and Economics, Inflation, The Political Money System and tagged , , . Bookmark the permalink.

3 responses to “So tragic, its funny, but all too true.”

  1. wonkmonk | December 5, 2010 at 3:47 am | Reply

    It’s wrong about QE:

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    • Joel Thompson | December 6, 2010 at 12:01 am | Reply

      This re-explanation is incorrect. Inflation has occurred since QE1 despite what the doctored government statistics (CPI) report. And, of course, there is a delay factor between QE and inflation occurring – often years. See NIA’s Meltup film on their YouTube channel for more information.

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      • Thomas H. Greco | December 6, 2010 at 12:47 am |

        Inflation is, by definition, the creation of money on an improper basis, typically through the monetization of long-term government debt, as well as other “junk” that the central bank might buy from the private banks. That has been going on continuously to one degree or another for ages under the central banking debt-money system. What takes time is the increases in market prices that are the inevitable result of such “legalized counterfeit’ being spent into circulation. Read my book, The End of Money and the Future of Civilization, for more information.

        By posting the video in question I did not intend to imply that I agree with it in all particulars, but there is enough there to make worthwhile.

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