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Alasdair Macleod: For those who don't understand inflation
11:34a ET Friday, June 14, 2019
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod this week explains how inflation isn't some accident but government policy to expropriate the working class in favor of the financial class and government itself.
Macleod writes: "Instead of being a universal benefit, monetary inflation creates winners and losers. Generally, savers lose and borrowers win. The poor lose and the better-off win by gaming the system. Otherwise, the winners are the issuers of new money, which are the government through its central bank, and the commercial banks who are given a license by the government to create money in the form of credit.
... Dispatch continues below ...
Crystal Lake Mining's Discovery Team Outlines
Chachi Corridor Copper-Gold Target At Newmont Lake Project
Wednesday, June 12, 2019
VANCOUVER, British Columbia, Canada -- Crystal Lake Mining Corp, (TSXV: CLM; OTC: SIOCF; FSE: SOG-FF) announces that a large copper-gold porphyry target area, with high-grade gold potential, has been outlined on the eastern side of the company's Newmont Lake Project in northwest British Columbia's Eskay Camp.
The northeast trending Chachi Corridor along the McLymont fault system has a current strike length of greater than 8 kilometers by 3 kilometers wide as defined by an extensive review of historic data including rocks, soils, and geophysics. The entire corridor, which features astonishing glacial retreat, is notably underexplored and will be one of several primary areas of focus for the 2019 summer exploration program, now underway.
The Chachi Corridor begins approximately 6 kilometers northeast of the historic Northwest Gold zone and 20 kilometers northeast of Crystal Lake's recent drilling discovery at Burgundy Ridge, underscoring both the scale and potential of the entire 430-square-kilometer Newmont Lake Project located in the heart of the Golden Triangle. ...
For the remainder of the announcement:
"Commercial banks do this by lending money they do not have, and which did not previously exist. This money returns to the banking system in the form of new customer deposits to balance its creation.
"The creators of new money are the obvious winners. The banks' favored customers (traditionally big business) also benefit, because they get to spend the new money that has been loaned to them before it goes into general circulation. The new money then enters circulation, indistinguishable from that which already circulates. And with a relatively fixed quantity of goods and services being produced in the economy, the outcome should be clear: prices will rise.
"But they do not rise evenly; it depends on where and on what the money is spent.
"As the newly created money progresses in its circulation, it drives up prices, leaving those yet to receive it disadvantaged. They find prices have risen without having seen an increase in their wages and with no compensation for their devalued savings. All they know is that prices have risen, and they have to make do with what they have or go into debt.
"They are not aware that their unconscious presumption, that money is the constant in all their transactions, has been undermined by monetary inflation. This is why not one in a million has the foggiest idea what has happened to their money.
"For evidence of the entireness of the inflation fraud, look no further than stock charts. No one in the finance industry even considers the possibility that the price of any financial investment has been affected by changes in the purchasing power of the currency in which it is measured. They automatically assume all the change is in the stock price. And these are the financial experts advising the public!"
Macleod's commentary is headlined "For Those Who Don't Understand Inflation" and it's posted at GoldMoney here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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