News Link: Fractional Reserves and the Fed
A tough read, but if you put even three-quarters of your mind to it, awesome! So what does it have to do with my daily life? Almost every single day I think about it because I have to do the grocery shopping for my family, and every time I see something I would dearly love to eat, and notice that it is now 4x the price it used to be, in my mind I lay that squarely at the door of whoever is printing up the money supply, but whenever I sigh and say, "Inflation :P" to the clerk, I have not met one person who does anything but stare at me blankly. Anyway, I remember when durian cost 30-something (TWD, not USD, LOL) a jin and how one year I refused to buy it when it went up to 40-something a jin, and today it is 139 a jin. Yes, the Fed is responsible for me not having durian to eat, and so am I for not finding a way to step outside that game.
So why read the article? What can I do about it? So that (1) when I hear about the State of Texas thinking about making it's own gold-backed currency, I realize what a huge deal that would be ... so that (2) I don't contribute to the morass of ignorance that might kill a deal like that ... so that (3) did I ever find a way to use an alternate form of currency in my daily life with impunity, I would do my part to step outside the game, the game beauracrats play with what I think of as my money but in reality is a pile of fiat money, paper that can lose half its power with a flip of the switch on the printing press.
But I wouldn't even be thinking those things or be ready for those things, if I didn't know what that article was talking about.
So yes, I feel a deep CONNECTION to this article, right in the area of my stomach, every time I see durian no less.
Postscript (2019.04.19):
Actually it wasn't the durian that got to me first.
For years, every time I passed little old grandmas pushing recycle carts on the road picking up scraps to sell I'd think about inflation, about how they were the ones that inflating the money supply was hurting the most when they needed their pennies to go the farthest.
And ordinary people, unable to afford non-junk food and non-poisoned food. Because that's all organic food is, food that hasn't had a dropper bottle of poison held over it. Call a spade a spade. There's poisoned food and then there's non-poisoned food.
So why read the article? What can I do about it? So that (1) when I hear about the State of Texas thinking about making it's own gold-backed currency, I realize what a huge deal that would be ... so that (2) I don't contribute to the morass of ignorance that might kill a deal like that ... so that (3) did I ever find a way to use an alternate form of currency in my daily life with impunity, I would do my part to step outside the game, the game beauracrats play with what I think of as my money but in reality is a pile of fiat money, paper that can lose half its power with a flip of the switch on the printing press.
But I wouldn't even be thinking those things or be ready for those things, if I didn't know what that article was talking about.
So yes, I feel a deep CONNECTION to this article, right in the area of my stomach, every time I see durian no less.
Postscript (2019.04.19):
Actually it wasn't the durian that got to me first.
For years, every time I passed little old grandmas pushing recycle carts on the road picking up scraps to sell I'd think about inflation, about how they were the ones that inflating the money supply was hurting the most when they needed their pennies to go the farthest.
And ordinary people, unable to afford non-junk food and non-poisoned food. Because that's all organic food is, food that hasn't had a dropper bottle of poison held over it. Call a spade a spade. There's poisoned food and then there's non-poisoned food.
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No profanity, please, "... but only such a word as is good for edification according to the need of the moment, so that it will give grace to those who hear." (Eph 4:29)