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Topic	Why do prices on everything keep going up
Ozmose 07/09/23 9:56:02 PM #39:	People do have too much money, and it is the cause of the inflation. Where everyone gets hung up is with the word "money". In a fiat currency system like ours Money = Debt. We treat debt as an asset. It doesn't matter if you actually hold any of the value of it or not. There used to be limits on how debt was treated but the last of those got torn down with Dodd-Frank. It removed the barrier between speculative banking and deposit banking. Where it was once illegal for a bank to use customer assets for investment, it has now become the norm. People think they put their money in the bank and it just sits there. Lol,no. They invest it immediately. That's why when the yield inverts, all of the banks start going tits up. Everyone thinks they're safe because of the FDIC, but that only works to a degree. The last audit of the FDIC revealed they only have enough to cover about 1.6% of total deposits. Probably less since they raised the $250,000 limit on the SVB claims. --- Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation. - Oscar Wilde <cite>Ozmose posted [p:974735918] in Why do pri... [t:80503280]...</cite> <quote>People do have too much money, and it is the cause of the inflation. Where everyone gets hung up is with the word "money". In a fiat currency system like ours Money = Debt. We treat debt as an asset. It doesn't matter if you actually hold any of the value of it or not. There used to be limits on how debt was treated but the last of those got torn down with Dodd-Frank. It removed the barrier between speculative banking and deposit banking. Where it was once illegal for a bank to use customer assets for investment, it has now become the norm. People think they put their money in the bank and it just sits there. Lol,no. They invest it immediately. That's why when the yield inverts, all of the banks start going tits up. Everyone thinks they're safe because of the FDIC, but that only works to a degree. The last audit of the FDIC revealed they only have enough to cover about 1.6% of total deposits. Probably less since they raised the $250,000 limit on the SVB claims. --- Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation. - Oscar Wilde</quote> ... Copied to Clipboard!
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