Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "The Bank of England is fuelling inflation" video.

  1. Once again, the subject of inflation is discussed, without ever a mention of its actual cause and its true meaning. The Bank of England made our current price increases inevitable when they inflated the currency to the tune of more that £400 billions since March 2020. Every one of those pounds weakened the buying power of all pre-existing pounds.That is what inflation does and it is a tried and tested ploy used to steal existing wealth held in savings and pensions, and prospective wealth in the form of all future wages. Why is this fundamental truth unrecognised in any of Richard Murphy's observations? "...fuel the increase of the wealth of those who are holding bank balances..."? How many people do not have bank balances? It's undesirable for people to earn interest on their bank balance? The Bank of England is not masochistic, for it feels no pain from its actions. Rather, it is sadistic: it inflicts pain, knowingly, in full control and to its pleasure. Didn't some grey man once pronounce that "If it isn't hurting it isn't working"?
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