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The banking system deliberately removed value from all holders of EUR, GBP and USD: https://en.wikipedia.org/wiki/Quantitative_easing https://en.wikipedia.org/w
by rlpb 9y ago
The banking system deliberately removed value from all holders of EUR, GBP and USD: https://en.wikipedia.org/wiki/Quantitative_easing https://en.wikipedia.org/wiki/Quantitative_easing
- sanxiyn 9y agoThis is false. During QE, inflation rate was below target, so less value than normal was removed from EUR, GBP, USD, etc.
- rlpb 9y agoYou can't measure value like that during a recession. Whichever way you look at it, QE removed value from those currencies. If I were to rob you, claiming that the overall robbery rate was lower that year, so you weren't robbed by others, so your expected losses were lower does not change the fact that I robbed you.
- revmoo 9y agoThis is the most hilarious defense of the Fed's counterfeiting system I've ever heard.
- amarkov 9y agoIf the money in my bank losing value is robbery, isn't Bitcoin robbing me all the time? Bitcoin price changes may not be intentional, but I don't see why that should matter to me.