11/08/2017 (Wed) 12:03:09
>>13718>banks devalued the currency by giving out too many loans, not because people defaulted
Yeah, loans that they could have paid back with interest if they weren't such worms squirming out of any responsibility to actually make profit. Taking a loan is the legal way to steal form the rich by using deflation, but look at what happens when that opportunity is given: "waah it's the banks' fault for expecting us to produce value! waah the 1%!" It takes two to tango, and no bank in existence is going to give you some surprise lumps of credit without your consent. The only thing banks could have done after the fact is be the stopgap themselves and instead of bailouts just collect more aggressively, putting even more small guys in prison.
Maybe you started paying attention only after 2008, but that's how the small print was inked decades before that, and it's no point to come crying about the contract now and pretend we couldn't have known. You want a land of opportunity, you get a land of opportunity. It's only bullshit in what harsh of a reality it is.>>13719>it will be the rich who lose more
The really rich will be able to coast on a monetary economy while the only rich parties really suffering are those who are actaully dealing in material trade, in other words actaully doing work, so inflation's really the worst for everybody. The key is that monetary economy and trade economy have to be competing in a balanced arena, and inflation weighs in favor of speculators and scumbags overall even among the rich, not just in favor of "the rich" as a whole. It's great for those who want class warfare as their prophesy of wealth never trickling down becomes a reality.