– The Rot Within, Part II: Inflation Is Not “Growth” (OfTwoMinds, July 22, 2014):
Just as the Federal Reserve cannot directly force you to stick the needle of monetary heroin (debt) into your arm, it also can’t force employers to pay employees more.
The official policy of the Central Bank (Federal Reserve)/government is: inflation is necessary for “growth,” i.e. economic expansion. The unstated reason for this official support of inflation is that it’s easier for borrowers to service their debts as their income inflates.
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Back to Richard Douthwaite.
Growth is an intangible misty illusion created to perpetuate income for banksters through funding.
It is not necessary for meeting demand. Only for meeting the desire of the greedy.
The cycle referred to here is a perfect match for what has happened in UK after Thatcher instituted Milton Friedman’s philosophy of capitalism and economics.
I believe the same is true of the United States. Friedman was an agent of the Zionist Banksters.
It is but a matter of time before the ordinary citizen becomes the serf as the reality sets in that the country’s economy has indeed been destroyed.
I would venture that those countries which didn’t wholly absorb his beliefs, like Germany, France, Italy, and retained elements of a mixed economy with support for skilled industry/innovation, will fare much better.
http://www.occupy.com/article/world-resistance-report-imf-world-bank-giant-consultants-admit-storm-coming
It isn’t growth. It is simply higher numbers for lower value. It does now indicate growth, just bigger numbers for fewer things. It is less for morel
It also indicates the fact the value of the money is falling…….falling badly. Inflation is never a good things, except in Japan, but their money is so radioactive……..it isn’t safe to hold. That is one money I would not mind changing to the value of another.
But, seriously, I wish Japan’s value would rise………but they are in a permanent downgrade. I wish their money value would rise.