2% target inflation is generally, invention by rich people to enslave, exploit poor people.

2% target inflation is generally an invention by rich people to enslave, exploit poor people.

Rich people own many properties, own shares in companies. Mostly the amount of liquid cash held by rich and poor people is about same since rich people prefer to hold little cash because they know that inflation will erode the value of cash at the rate at which they have set inflation at.

Inflation helps the rich to remain rich always because the poor will always have to work since their savings are eroded significantly by inflation and they have little property to dispose off to yield $$$ in old age.

Inflation helps to scare poor people into spending $$$ made by factories whose share holders are rich people.

But mainly, inflation helps to keep poor people working and serving rich people because any savings of the poor are eroded by inflation and the rich remain well served both by share dividends from the companies that they own as well.as from disposing off real estate or living off rent from their real estate which they rent at inflation adjusted (increasing) rent to the poor.

Example of rich people:
or
[YOUTUBE]ZQ-YX-5bAs0[/YouTube]


Example of poor old people working to death in Singapore (McDonald's, collecting waste cardboard for recycling, cleaning hawker tables to earn a living):


http://theindependent.sg/elderly-la...es-at-a-hawker-centre-and-works-as-a-cleaner/

Poor old people renting cages to live in Hong Kong:
HKG cage housing:

 

2% inflation is pretty mild, historically speaking. A zero inflation rate would be good as it would allow the value of increased productivity to go into higher wage rates and higher profits instead of offsetting government created inflation, but between the enormous debt load the government is carrying and the need to deflate the currency periodically to keep benefits from outrunning receipts in Social Security, a zero inflation rate is really a pipe dream. Deflation would benefit the poor and the working class more than the rich, but economists (left and right) have a horrible fear of deflation, associating it with the Great Depression.

 

Apparently before the great depression caused by abandonment of the gold standard and adoption of Fiat currency, inflation was basically zero until then.

Inflation is a product of fiat currency, thus we see the gold price going upwards unceasingly as inflation does.

 

Wrong, even the Roman Empire suffered from inflation. See here:

The major causes of inflation exemplified here:

Inflation is the byproduct of any advanced economy and its diverse causes must be addressed. There is no simple solution ...

 

They whore for the banks to make a living

 

Inflation is a creation of central banking. It is a byproduct of printing money and loaning it to the Federal Government at interest.
Ask yourself why a sovereign country capable of printing its own money, would borrow money from a central bank at interest?
You are correct in that the effect of inflation is to erode savings and earnings and to encourage debt to the bankers.

 

There are so many errors of fundamental economic logic, the message merits no response.

But one: There is no excuse for ignorance of the fact that without a Central Bank, there is no such thing as "money".

How does a modern economy function without "money"?

And when one is left to the vagaries of capitalism without a government to pursue "overall policy for the entire population", then what happens is that the rich-get-richer and the poor-get-poorer.

It's as simple as that ... !

 

The US did not have money before 1913? Do you really want to make that argument?

 

Been like this since 1985 when Reagan allowed the ZIONISTS to control him, the finance, etc. ART LAFFER was one of the few guys that set up supply side economics. This was finance of the nation for the few at the expense of the rest.
He should be punished

 

2% is a joke, we have been between 5 - 8% for 20 plus years. All lies from the CB. When the data doesnt fit the outcome, change the data.

 

There was no money prior to 1913?

Interesting that it's the rich getting richer since the invention of central banking, and, in particular, the banking and political classes that accumulates the most wealth.

Some people have so much faith in their rulers. Statism is truly a religion.

 

Money represents something of value that has been produced through someones labor, not something a whore banker can type into existence.
Talk about no economic logic