G. Edward Griffin explains how inflation results from the Federal Reserve’s money printing scheme and that inflation is a hidden tax.
Here is an explanation of the two phases of inflation:
1. New money is created out of nothing by the Federal Reserve and is then loaned out to the federal government. The new money inflates the money supply. The government uses that money to pay employees, to finance wars, to fund welfare, to pay off cronies, and more. The favored political class gets the money first, when it has full purchasing power.
2. The second phase of inflation takes place when the politically favored groups spend the money with individuals who then take their money to their commercial banks and deposit it. This is where the real action happens.
READ MORE: https://needtoknow.news/2017/06/2067/
