{"id":12989,"date":"2015-10-04T07:25:33","date_gmt":"2015-10-04T12:25:33","guid":{"rendered":"http:\/\/olduvai.ca\/?p=12989"},"modified":"2015-10-04T07:25:33","modified_gmt":"2015-10-04T12:25:33","slug":"eu-moloch-in-a-fresh-bid-to-inflate","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=12989","title":{"rendered":"EU Moloch in a Fresh Bid to Inflate"},"content":{"rendered":"

EU Moloch in a Fresh Bid to Inflate<\/a><\/h3>\n

Brussels Alters Capital Requirements to \u201cSpur Lending\u201d<\/strong><\/p>\n

Saints preserve us, the central planners in Brussels are giving birth to new inflationist ideas. Apparently the 2008 crisis wasn\u2019t enough of a wake-up call. It should be clear by now even to the densest observers that a fractionally reserved banking system that flagrantly over-trades its capital is prone to collapse when the tide is going out. 2008 was really nothing but a brief reminder of this fact.<\/p>\n

The political and bureaucratic classes will certainly never go back to sound money or free banking. The State\u2019s paws will remain firmly embedded in the business of money, as the modern-day welfare\/warfare states and the ever-growing hordes of cronies and zombies they have to keep well-fed have become utterly dependent on fiat money inflation. This will continue until the bitter end. New measures are now being designed to hasten its arrival.<\/p>\n

\"3<\/p>\n

Designed by\u00a0Bjarke Ingels<\/a><\/p>\n

 <\/p>\n

Before we continue, ask yourself if the euro zone actually needs more monetary inflation \u2013 even from the perspective of those who erroneously believe inflation to be an economic panacea:<\/p>\n

 <\/p>\n

\"Euro<\/a>The euro area\u2019s money supply over time. We are on purpose using the narrow aggregate M1, which is the closest approximation to money TMS. The broader aggregates include items that are actually not money, but credit transactions. This leads to double-counting.\u00a0Money= the means of final payment for goods and services in the economy,\u00a0<\/em>chart via ECB \u2013 click to enlarge.
\n<\/em><\/p>\n

 <\/p>\n

It is fair to say that this expansion of the money supply hasn\u2019t made society at large any more prosperous; quite the contrary in fact. It has however been beneficial to the State and others with first dibs on newly created money, as real wealth has been redistributed to these privileged groups.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

EU Moloch in a Fresh Bid to Inflate Brussels Alters Capital Requirements to \u201cSpur Lending\u201d Saints preserve us, the central planners in Brussels are giving birth to new inflationist ideas. Apparently the 2008 crisis wasn\u2019t enough of a wake-up call. It should be clear by now even to the densest observers that a fractionally reserved […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,95,279,284,309,1708,426,9566,538,954,6170,8816,1309],"class_list":["post-12989","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-brussels","tag-eu","tag-european-union","tag-fiat-currency","tag-fractional-reserve-banking","tag-inflation","tag-money-expansion","tag-money-printing","tag-money-supply","tag-pater-tenebrarum","tag-sound-money","tag-state"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12989"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12989\/revisions"}],"predecessor-version":[{"id":12990,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12989\/revisions\/12990"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}