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The central bank and it's counterfeit money scam is
typically reigned in to an existence following the outcry for "price
stability" and "neutral money".
The
problem at hand is usually horrific. Prices are falling and money aren't
neutral. Families typically get by on only one income and even that allows
for luxuries such as an automobile, for example. What's wife to do? Although
both producers and consumers seem to be just fine with this situation, the
role of the government diminishes together with the need for the government.
Something needs to be done to correct the situation, something needs to be
promised for the medium term.
The
government and prominent money changers, come forward with a plan for
salvation. They pledge to support the price stability and / or the neutrality
and do what they can (for the medium term). In the long term, they say,
"we are all dead". To do that, they need one thing only, - an
immunity to write counterfeit checks.
After
the central bank has been created, it becomes vividly and immediately
evident, that the prices have become stable at last. Albert Einstein would
bet on that, he wrote a whole theory proving that if the point of reference
moves along with the point referenced, then it could be said that there has
been no change in their positions. Families are happy to finally add a wife's
income to the pot and to send kids to the indoctrination camps, gratefully
unable to pay for the school nor tutor. Remember how Ford's autos were made
affordable? Who needs that, when the benefits of capitalism system could be
made to serve only the government? Well, if the Ford was doing it these days,
the prices on them would hold stable, just the quality would steadily fall,
ain't it a success?
Right
along these successes in economy, there seems to be more and more need for
the government too. Because there is more and more stability of prices and
the interests of the poorest and the most vulnerable of it's citizens are
finally protected, the welfare system is introduced, to help the government
to cope with ever multiplying numbers of poor and vulnerable.
Why
didn't we think of it before? Why were we turning a sour face to a bouncing
checks? That was The Solution, all the time being right next to us, and yet,
we did not see it. It only happens once in a hundred years, that a true
genius is born. Last time it happened, it was John Law, who showed France the
light, and this time is was the English Lord John Maynard Keynes, who had
came forward with the bouncing check revelation and again, had saved the day.
All
hail Roosevelt, Law, Greenspan, Keynes and Jean-Claude Trichet!
Fake Ben
Bernanke
FakeBen.com
FakeBen is a blog
to monitor the Fed and its actions and encourage community participation. At
FakeBen, we believe that the Fed policy of the last two decades has created a
credit bubble as large as that created in the 1920s. This bubble will lead to
either inflation, a recession, or both.
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