Who Gains Most from Bubbles and Bailouts?
January 4, 2010 by Bob Livingston
Well, yes, the money does come out of the taxpayer’s pocket but in a way that most people don’t recognize. Bubbles and bailouts are not paid for with gold and silver. They are paid for with printing press money, which dilutes your savings and retirement funds.
So who are the heroes of bubbles and bailouts? The short answer is, the money creators. They are presiding over and benefiting from the greatest transfer of wealth in history, with the almost certain guarantee that they will never be found out, because they are operating above the threshold of perceived reality.
I am telling you something that is not taught in any school in America.
Of course we should know that every new dollar that the money creators create dilutes every dollar already created. They are using non-substance fiat that cost them nothing and exchanging it for substance in the form of capital assets. This is a transfer of wealth by definition. This depreciating fiat is impoverishing all who hold dollar assets.
We live in a pro-collectivist, pro-government age. The government can get away with virtually anything if allegedly done in the collective interest of the “public,” with scarcely any media or public voice raised in criticism. Yet the same action by an individual or private company is attacked viciously and denounced as immoral and against “public policy.”
Fraud is so big at the highest levels in government and business that the very magnitude of it serves as part of the defrauders’ protection.
All fraud begins and ends with fiat. Fiat is not money. It is a substitute that has been placed in peoples minds and they think of it as money.
The most important thing that people can understand today and should understand before they become completely impoverished is that we have arrived at where we are today, simply because of the inability of people to differentiate between money and money substitutes which allows them to be continually swindled. This seems to be something that the money creators behind government have done over and over to swindle the population and the citizens never catch on.
We are about to enter a period of serious inflation. And it may even be hyperinflation.
There is absolutely no mystery about this inflation to come, as it will come because of excess printing of paper money.
Inflation is not as most people think, increasing prices. Inflation is depreciation of paper money. And the people who do the creating are the ones who benefit.