Title: With the risk of being censored, we make this public.. Source:
[None] URL Source:https://www.youtube.com/watch?v=4ty1lPSGcXQ Published:Dec 20, 2020 Author:Mike Rivero Post Date:2020-12-20 15:37:20 by Horse Keywords:None Views:770 Comments:11
As pointed out in the video, and deserving of emphasis, when new money is introduced (counterfeited) into an economy, the beneficiaries are the very first spenders, as they get full value of the currency amount. After that, the new money starts to permeate the economy and starts to take effect in the form of inflation (devaluing the rest of the currency). The people getting that extra currency last are the victims hardest hit victims.
So that kind of stimulus, which is what happened in 2008, acts as a form of wealth transfer from the working class to the bankers. Every single time. A silver lining of the stimulus this year is that the new money goes directly into the hands of the working class.
As you know, money ain't my bailiwick. But I read somewhere that the bank bailouts of 2008 represented the largest transfer of wealth in the history of mankind, the acme and zenith of larcency. And I believe it.