..............."Using lofty words to obscure tawdry realities extends beyond the White House. Referring to the Federal Reserve’s creation of hundreds of billions of new dollars out of thin air as “quantitative easing” makes it seem as if this is some soothing and esoteric process, rather than amounting essentially to nothing more than printing more money.
Debasing the value of money by creating more of it is nothing new or esoteric. Irresponsible governments have done this, not just for centuries, but for thousands of years.
It is a way to take people’s wealth from them without having to openly raise taxes. Inflation is the most universal tax of all."................
It makes me wonder how much white wash Americans are willing to swallow, as long as it feels good why not do it? What's the worst that could happen?
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
LOL wrote: Good article. Someone needs to write a translator app, "government speak" to "plain English"
That's easy:
"government speak": (you name it - pretty much anything they say/write)
"plain English": "Give us all your money, relinquish your civil liberties, shut up and be good little drones."
Speaking of inflation, I am sorting some of the family attic. In 1955 my father in law grossed $3958.28 and neted $3352.18
They were middle class.
Blazer Bob wrote: ..............."Using lofty words to obscure tawdry realities extends beyond the White House. Referring to the Federal Reserve’s creation of hundreds of billions of new dollars out of thin air as “quantitative easing” makes it seem as if this is some soothing and esoteric process, rather than amounting essentially to nothing more than printing more money.
Debasing the value of money by creating more of it is nothing new or esoteric. Irresponsible governments have done this, not just for centuries, but for thousands of years.
It is a way to take people’s wealth from them without having to openly raise taxes. Inflation is the most universal tax of all."................
