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> their mission is to extract the wealth from the poor and give it to the rich in the name of 'growth' and 'stability'. Citation needed. Even if you mean it as
by chatmasta 9y ago
> their mission is to extract the wealth from the poor and give it to the rich in the name of 'growth' and 'stability'.
Citation needed. Even if you mean it as obvious hyperbole, I’d like to hear some evidence for how central banks “extract money from the poor.”
- dnautics 9y agoI never said extract money, I said extract wealth. Increasing the cost of living by targetting positive inflation. If you're poor and the cost of living goes up the relative margin of survival decreases faster than for the wealthy. Let's say you spend 98% and there's 1% inflation. Your margin of survival goes down 50%, whereas someone spending 20% barely feels it. If you have more questions, my contact is in the profile. This is only scratching the surface.