Facebook response to a comment on consumer debt:
This is also why we have a 4% inflation rate. This inflation rate is designed and planned by the Federal Government and the Central Bank. The reason is that ordinary people cannot make accurate "back of the envelope" calculations of cost and return, if there is an interest rate AND the currency is being devalued due to inflation at the same time. Ordinary people are bound to make mistakes and the banks with the computers can take advantage of those errors. This is not an accident. The inflation rate is planned so that ordinary people can be more easily taken advantage of. TRUTH.
copyright (c) 2018
William Schaeffer
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