Post
Topic
Board Economics
Re: The production of money... is SCAM!
by
ck343
on 02/07/2019, 09:53:47 UTC
Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?

He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."

He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"
Basically there are 2 ways to steal money from the people

1) Taxes
2) Depreciating people's money

Nr. 1 is made by the Govs
Nr. 2 is made by the central banks (currency production --> currency depreciation)

Nr. 2 is much more painless, so it is the preferred way of the Govs, as the mass media have succeeded to convince us that inflation is normal.