It's called (((Fractional Reserve))) faggot, and yes that too is a jewish concept to create a debt spiral so banker kikes get free shit for nothing.
Logan Miller
Then why wasn't there 7% inflation between 2010 and 2020? Were the private banks less greedy?
Jaxson Campbell
Gee why do they create so many loans? Is it because the interest rate on those loans is zero? It seems like they'd be more careful about lending money if there were any costs associated with lending it.
Charles Taylor
Here's a 1966 admission by the NY Fed:
"In the communist countries, money is created in the same way as in the Capitalist countries -- through the extension of bank credit."
Banks create almost all money when they lend. Since inflation is due to an increase in the money supply, private banks are the culprit.
Nope. Go find a chart of credit card interests rates and 30 year mortgage rates and compare them to the Fed Funds rate.
ZERO correlation!
Banks create new digital money out of thin air and lend at whatever rates they want.
Go search some charts on google images and see for yourself. I will forgive you.
Aaron Wood
Banks loan at whatever rates they want. The Fed Funds Rate set by the Fed doesn't force banks to do anything.
For example, after the housing bust in 2010, the Fed Funds rate dropped to near ZERO like it is today.
But commercial lending rates went UP instead of down.
Nathan Miller
>NOOOOOOOOO ITS NOT THE BANKS >ITS ACTUALLY THE BANKS you retards are arguing over an agreement and its beautiful
Lincoln Cox
>The official inflation numbers are rigged and phony, so I wouldn't count on them. > Uh huh. Was there LESS inflation before 2020 or more? If so what caused the chage? Something happened in 2020, what was it?
Nicholas Morgan
Define inflation: are talking increase in money supply or price increases?
Jace Thomas
I have a decent stack of silver so I'm not too worried.
Liam Lopez
Nah, the fed prints money as part of many scams too.