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Deflation - or: How to eliminate central banking?
11 sats \ 2 comments \ @TomK 20 Dec 2022 bitcoin
Deflation is key to kill central banking and their system of cantillon-theft. In a credit-based system with fractional reserves in the commercial banking system its crucial to understand that the supply of money (credit) has to grow continually. Watch how M2 and other measures of "money" have been rising since the death of the gold standard.
Bitcoiners know about this well-analyzed effect that is initiated by the debasement of currency via central banking! The Cantillon-Effect should be taught at school, discussed in every parliament and part of every political debate of our time!
The question everybody in journalism and politics should be asking constantly, is: Why the heck do they not rise reserve measures for commercial banking to really fight inflation to end this theft and kill the beneficiaries?
Instead we have this everyday shitshow of "they are fighting inflation hard by rising interest rates." It is all about gaslighting the public to keep the fiat ponzi theft running and running, meanwhile its implicated volatility is rising and moving from Wall Street to Main Street.
We have to educate the people to get the truth out about this mechanism of legalized theft via debasement of currency to the people! BTC is the message and the killer-app to this fraud!
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1 sat \ 1 reply \ @Chillywater 20 Dec 2022
“We have to educate the people to get the truth out…”
Almost every problem we face today moves forward unhindered from people’s ignorance of simple truths. Even though people know better it’s only when catastrophe strikes when they realize they need to implement said protocols to prevent repeated downfalls. Whether financial, health related or just many small mistakes or bad decisions that snowball into very large problems. Like the repeated DUI offender, generally speaking they won’t wake up to their bad decisions until they kill someone. But then it’s too late. These gaps of common sense only grow smaller, like the middle class in our current economic climate. Further separating rich from poor.
People have to educate themselves. Until they get the ambition to gain general knowledge I don’t think there’s much we can do. People learn the hard way.
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0 sats \ 0 replies \ @TomK OP 20 Dec 2022
It really seems that You're right: we are learning things the hard way. Like the chorus of the ancient greek tragedy of Aischylos sang: "acting - suffering - learning" again and again and again
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