How The Nation’s Central Bank Is Covertly ‘Nudging’ Americans To Accept Digital Money & The Great Reset – LewRockwell
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The Cantillon Effect explains that money is first distributed to the financial classes, bankers, government, etc., and then the masses. As money ripples through the economy, its value is inflated away. The first people to receive the money do not experience the inflationary (loss of purchasing power) that the last people to get the money do.
The wealthy benefit from inflation as the value of their assets (property, investments) rise. The poor benefit from deflation because necessities are cheaper to buy, effectively giving them what they perceive as a pay raise.
Also, in periods of credit expansion, the poor borrow much like receiving a pay raise. For the wealthy, the stock market is their playground; for the poor, lottery tickets may be their only opportunity to get ahead financially.
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So why is the FED (Federal Reserve System) —
The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.
—, the Gooferment. Its politicians, and its bureaucrats pushing for inflation?
The Gooferment gets to repay the “national debt” or the interest on that debt with “dollars” that are worth less.