Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "Failed Predictions, Printing Money and Cryptocurrency | Lord Mervyn King" video.

  1.  @Vroomfondle1066  It's actually, precisely what happened. By design and to an end.
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  2. 2xsive05 Fitting avatar. Rose tinted spec's.
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  3. jdg9999 Indeed; and sometimes before. eg Greenspan.
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  4. TRIUMPH It is essential to the grip of the bankers, that the term 'inflation' is confused with price rises. There is inflation and it is the increase in the volume of currency units, be it pounds, dollars, whatever. Every new £ introduced to the economy demeans, dilutes, degrades the buying power of all pre-existing £s. Of course, just one £ would not be noticed, but the UK economy was treated to over £400 billion in recent years, on order that people be paid to stay home, drink tea and watch Netflix. Since then the £ has been greatly reduced in its buying power and the consequence of that is that more of them are required to buy the same stuff they could prior to the 'money printing'. Nothing new about this other than the unprecedented scale; but it is a very tried and tested way that central banks basically steal wealth.
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  5. The shitshow that is our current situation has been put in place by the action of the US Federal Reserve which was itself modelled on the Bank of England. The two have lorded-it over the world's economies since 1913. The following quotation is taken from a speech given by then Governor of the Bank of England, Montagu Norman, to a gathering of the United States Bankers' Association in 1924, and gives an insight as to the aims of the pact. "Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible. When, through process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers. These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world. By dividing the voters through the political party system, we can get them to expend their energies in fighting for questions of no importance. It is thus, by discrete action, we can ensure for ourselves that which has been so well planned and so successfully accomplished."
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  6.  @rob19632  Very much so! A malcontent throughout.
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  7. Enough was known about the virus, in March 2020, to assure us that lockdowns were not only unnecessary, but positively harmful.
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