Gold – the final bubble, page-4191

"I grow tired of the few odd balls here who somehow refuse to acknowledge how this money benefitted the top and bypassed main street. If people do not actually acknowledge what is happening (happened),"

The issue here is one of income distribution or inequity which can be clearly seen when looking at the top 1% problem and bellow is what Krugman has to say about it:

http://krugman.blogs.nytimes.com/2014/01/17/why-we-talk-about-the-one-percent/?_r=0

What is curious is that inequality is caused in part by the lack of access to credit by those at the bottom of the leader. But Dandoff is one of the most vociferous opponents of credit expansion.

He says that in his opinion "the FED (unknown to all at the time) had no intention to get the money to the man in the street. " But what if the man in the street instead of wanting the money wanted to pay it back, a phenomenon called deleveraging?

https://en.wikipedia.org/wiki/Deleveraging


Then he goes on to say that: Imagine how rich the banks will be if we get a real deflation event in the main street, whilst the banks are all cashed up. Imagine having lots of cash (albeit fake fiat) and being able to force a deflationary event. Wow. You (the banksters) will be double rich. And the main street will be double debt slaves.

But the funny thing here is that he and the likes have been telling us ad nausea that the printing of money is by definition inflationary, if not hyperinflationary; a theft of people's savings which could only be avoided through the purchase of gold.

This thread it is realy very entertaining.