11/11 Your government isn't printing money to cause inflation. Your bank is printing money to make you poorer. Every time you blame government spending for rising prices, you're helping the real culprits get away with the biggest wealth transfer in history.

10/11 The wealthy borrow newly created money to buy assets, driving up prices. The rest face higher costs while wages stagnate. Politicians restrict the 3% of money creation that could help ordinary people while ignoring the 91% flowing to speculation.

9/11 A FINAL KICKER: The Cantillon Effect shows newly created money benefits those who get it first. But economists blame government money creation when 91% comes from private banks lending to wealthy borrowers for asset purchases.

8/11 This explains why UK house prices increased 5x in real terms since 1970, while Germany (stricter lending rules) saw no real increase. The culprit isn't government spending, it's private money creation flowing into speculation.

7/11 The excess money doesn't cause general inflation, it inflates financial assets. Banks lend against assets for further asset purchases, creating feedback loops that drive prices sky-high while wages stagnate.

6/11 ASSET PRICE INFLATION REVEALS THE REAL CULPRIT: Data from the past decade shows where new money flows:
- Wages grew 6%
- Global equities returned 41% in real terms
- Money supply up 50%, real GDP per capita up only 11%

5/11 Private bank lending works differently. When banks sell loans, the original money remains in circulation. So private money creation is permanent while government money creation gets offset through bond market operations.

4/11 This means actual net new government money creation is around 3-4% of total money creation, not 9%. Politicians obsessing over government "money printing" are targeting 3% of the problem while ignoring 91%!

3/11 Most "government money creation" gets neutralized. While deficit spending does create new money, private sector bond purchases effectively destroy existing private deposits. Research shows 60-75% of bond operations are just refinancing existing debt, not funding new spending

2/11 PRIVATE VS GOVERNMENT MONEY CREATION: Using data from 2000-2024, 91% of all money creation comes from private bank lending, while only 9% appears to come from government. But even that 9% figure is misleading...