Do we live in a true democracy? or even the one our forefathers had!
Going by the quote from rolling thunder [below], it would seam that the city [banks in particular] have almost total power over our economies, it almost makes govt something of a façade.
Surely in a democracy the people should have control over their economies via their government? If we did have control and money was issued by the government and not by the banks as a loan we have to pay off [but never asked for], then we could avoid the boom bust/recession/depression economy!
How else do you get accountability and democracy into commerce? Sure govt are taking measures to tax and levy banks to such an end, but as soon as we are out of recession all power will go back to the banks, they can put all the measures they wish in place but they wont dare do enough to stop the same from happening again.
http://www.twcenter.net/forums/showt...01#post7432501The Central Bank maintains a slightly-expansionary monetary policy. The money supply grows in line with GDP (Or usually slightly above it). This allows price rises to become low, long-term inflation, thus leading to the very slow devaluation of currency. Why do they do this? Because a fixed monetary policy (Keeping the money supply at 0) will create deflationary pressure - prices will begin to fall. Businessmen will perceive they are experiencing lower revenues (even though in real terms they are not, the actual money value of their products/services will fall). They will cut output, and sack people. GDP growth will be stalled, the economy will not expand and so on. If you maintain a slight level of inflation, business owners will be making (at least) a monetary profit as well as a real one, and will continue to expand output/employment.
Post #42





Reply With Quote









