What our daily dose of pink papers do not tell us about. The gross debasement of currencies by major economies. If production levels do not match, simple economic laws will apply. More money chases less goods. result is inflation. If wages do not rise correspondingly, it worsens the economic conditions of people. Inflation is a tax on the poor and the poor are being taxed. see charts below.
Source St Louis Fed
Source Bank of England
Source European Central Bank (estimate includes pre euro era)
Source Bank of Japan
Source People's Bank of China
Source Reserve Bank of India
I am left wondering why so much of currency is needed.. Has global production levels gone up so high? Definitely not. What is happening is value destruction of money on a global scale. And all nations are party to it. Have they consulted their citizens?
Source St Louis Fed
Source Bank of England
Source European Central Bank (estimate includes pre euro era)
Source Bank of Japan
Source People's Bank of China
Source Reserve Bank of India
I am left wondering why so much of currency is needed.. Has global production levels gone up so high? Definitely not. What is happening is value destruction of money on a global scale. And all nations are party to it. Have they consulted their citizens?
No comments:
Post a Comment