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Message 3396
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| Subject: | RE: [socialcredit] Inflation and Usury | | Date: | Sunday, February 12, 2006 22:41:32 (-0500) | | From: | Daniel Morin <dan @........com>
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> How does the banker benefit from price increases through
> 'inflation' which continually reduce the purchasing power of his profit?
An analogy is an oil company doubling its prices, and then tell the public
they are not making more money as before because their 'transportation
costs' have risen because the increase of oil prices.
Inflation is the result of creating money. Yes, creating money does reduce
the purchasing power of the money, however the first entity spending the
money gets the full purchasing power of created money. Imagine if you could
print money. Your action would reduce the purchasing power of everyone
else, including yourself, but you would still benefit from being able to
spend this money.
Well, this is what banks do. They create money out of thin air. The cost
of creating money for a bank is less than your cost of printing money, since
the creation of money is done by lending money electronically (there is very
little costs to put numbers in a bank account vs. printing money on paper).
Creating money is usury... regardless who does it. This whole theorem of
A+B is to compensate the lost purchasing power, however if the bank was not
allowed to print money, prices of goods and services would go down every
year (similar to computers and electronics).
-- Dan Morin.
> -----Original Message-----
> From: Joe Thomson [mailto:thomsonhiyu@shaw.ca]
> Sent: Sunday, February 12, 2006 11:22 AM
> To: socialcredit@elistas.com
> Subject: Re: [socialcredit] Social Credit and Inflation--and related
> issues
>
>
> (Bill McGunnigle wrote:-) " .....a theory that inflation has
> nothing to do with money or product availablity, but is the direct result
> of propaganda perpetrated by banking organisations who encourage price
> increases by simply stating that inflation is increasing and prices must
> increase to compensate for it.".
>
> (Joe replies:-) How does the banker benefit from price increases through
> 'inflation' which continually reduce the purchasing power of his profit?
>
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