There is little rhetorical protection against inflationary banking and bailouts and it is not aggressive to print money to save depositors from losing their money.
It is difficult to protect oneself from the inflationary banking system. Even if the Government doesn't provide deposit insurance initially, a priori, they might still attempt to monetise the debt in the event of a bank run at uninsured banks. Using reliable, well-reserved banks is no protection because other banks may be bailed out by the Government. A fiat currency makes it very likely that banks (anyone) will be able to inflate the money supply, not only the Government because of the subsidies which seemingly inevitably follow insolvencies. There is not much that can be done to prevent against this because it is not under a specific delusion that people act in this way, they (the authorities) know what they are doing, it is not like a miscarriage of justice the only people to be placed under arrest are those who refuse to pay taxes to provide the bailouts. Printing money to monetise the debt is not, in itself, aggressive, it is only because fiat currencies are a protected medium that the theft and poverty arises.
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ReplyDelete☮ La Nouvelle Économie Globale. - L'Évolution.
Avoid Chaos Now, Participate and Replace the Old Feudal Order by a fair, prosperous and peaceful order.
☮ La Nouvelle Économie Globale. - L'Évolution.
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