it is stealing, but not in the traditional sense
it steals VALUE and not actual tokens of value
for example
if you had collected some valuable commodity, like, you know, wheat or cotton or steel or gold
and then someone dumped a huge supply of that commodity on the open market
the VALUE of your holdings would be reduced
proportional to the NEW SUPPLY
Not necessarily proportional. And it still isn't theft or stealing.
if you own (HOLD SAVE) government issued fiat
and they print and spend MORE fiat
they are stealing value from you
because your dollar loses VALUE
The white paper I'm certain covered how the notion that increasing the circulating currency doesn't corelate to inflation.
Let's examine the basis for
What gives the dollar value?
What makes the dollar lose value? How and why?
This is saying in the first seconds that they (bankers) are stealing from us, by directly devaluing their own currency.
Bonds aren't backed by taxes. They are backed by "taxing power" a meaningless notion, exactly like the other thing that "secures" them, "the full faith and credit of the issuer", which are all bankrupt and will default again and again.
Creating money is the function of the FED, not some villainous design.
How the currency enters the market? The FED creates currency the banks ask for which is used to create more currency through the fed ad infinitum..
Intrinsic value is another word for "it's relatively rare".
So at 10 minute or so... We give money it's value. How does that factor into the supply of money gives money it's value?
consider how money functioned BEFORE the "federal reserve"
Which money, theres a long history of money.
https://blurtlatam.com/ethics/@logiczombie/seigniorage
exactly