Inflation: A Pernicious and Hidden Tax.
In this report, from London on Saturday, February 9th, 2019 I cover the topic of inflation and how the Powers That Be have corrupted the definition of the word.
I note that by changing the definition of inflation the Central Bankers and Politicians have been trying to steer the spotlight away from the fact that their monetary policies are the culprits for the rising cost of living and the growing wealth inequality that is destroying the middle class in the West.
I also look at history and specifically Tudor England when continuous wars led to the Kings of the time debasing the silver coinage with copper. That, of course, led to higher prices and was a hidden tax in order to steal the wealth from the public in order to finance the State.
My conclusion is that what we are told by Ph.D. economists at Central Banks about inflation is a complete deception as inflation is the abnormal increase in money and credit that leads to higher prices.
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The hot topic in the house pf representatives of Japan is the goverment has been fudging their statistics data. For example, the real average wage has been going down these years was revealed.I think "the lost 30 years of Japanese economy" is reaching it's end. Because the government is melting down slowly and steadly.
Hi @sryutaro, Let's hope the government is exposed as the Japanese people don't deserve what they have gone through these last thirty years.
Do you feel gold going up by about 20% over last 2-3 years is a symbol of inflation not being recorded?
Hello i want to live you
Hi xuanphuc98, what do you mean?
I wish to meet him once in London to discuss with him about economics
Hi @xuanphuc98, Let me know when you are in London.
Milton Friedman claims that there was a global inflation increase, not a global one, in certain points in 19th century, in this video:
Inflation is a difficult thing to wrap your head around. For instance, in the Netherlands there was an increase in VAT rate for basic consumables from 6 to 9 percent in the beginning of 2019. As a result you would have less money in your wallet after shopping. I find it difficult to understand that the money supply increase is causing this, and not the rate increase by the government.