The Real Reason for the Uprisings

I thought this was a pretty good read. I mean, most of us know the real backers for OWS, but most of the people at these occupy events aren't plants, and are actually there for the reasons below.

[link to whiskeyandgunpowder.com]

What to make of Occupy Wall Street…

We found the following in our inbox today from the National Inflation Association:

“The Occupy Wall Street movement is gaining tons of momentum and is likely to continue picking up steam in the weeks and months ahead. Americans are angry, but they aren’t exactly sure what they are angry about, and they don’t know for sure with whom they should be angry. It is easy for them to point their fingers at Wall Street, but Wall Street is in no way responsible for the financial crisis our country has today.

“NIA believes that Occupy Wall Street protesters need to be educated to the facts and truth about the U.S. economy and what is truly causing our economic problems.”

And what exactly is causing our economic problems? In short: inflation. Both the creation of new money unbacked by productive activity — literally, conjured up from nothing at the whim of a central banker — and the artificially low cost of borrowing to expand the amount of debt…again, thanks to central bankers buying government debt with the money they create in order to shove interest rates down.

Inflation erodes the value of savings. It causes middle-class wages to rise more slowly than prices over time. The well connected — mainly, commercial banks — get the money first and benefit, while their spending of the new money causes prices to rise. Everyone else has to beg and hope for cost-of-living increases to their wages.

Inflation also causes asset bubbles that tend to benefit the rich while wiping out the middle class and poor, who pile into bubbles just in time to be left holding the bag.

In other words, inflation is causing the things that have people revolting in the streets. And central banks cause inflation.

Read the rest:
[link to whiskeyandgunpowder.com]

Last Edited by ifSHTF on 10/21/2011 10:26 AM