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LOL, Here it Comes
Message
From
02/09/2020 15:38:54
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
 
 
To
01/09/2020 09:44:33
General information
Forum:
Politics
Category:
Economics
Miscellaneous
Thread ID:
01675932
Message ID:
01675958
Views:
75
>>It will happen because the government needs the money due to the expenses they have incurred/invented/manufactured and the benefits they have promised in exchange for votes and the economic crisis their lockdown created. But as usual, the elites will get loopholes. Business as usual. Meet the new boss. Same as the old boss.

Apparently the plan is to super-inftate as a regrettable consequence of all this money printing. When that happens, not just governments but the citizenry suddenly feels less burden from debt, e.g mortgages magically reduced to relative amounts you can pay off on your credit card, as experienced by our parents' generation who could buy houses for a few thousand in local currency (my parents paid 4000 pounds for their first home) and retire sitting on property worth hundreds of thousands or millions. After selling, that generation suddenly declares inflation to be evil... because it erodes their savings. But if you believe in generational theft, perhaps that's only fair- and why shouldn't our kids' generation see mortgages or student debt reduced to credit card dimensions too? The other victims would be the likes of European dentists and Japanese housewives with their massive saving ability and of course the world's lenders, the Chinese. Just waiting for Donald Trump to declare what a terrific idea this would be. ;-)
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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