They’ve sold us into generational slavery by loaning out trillions of dollars that don’t exist.
http://www.scribd.com/doc/60553686/GAO-Fed-Investigation#outer_page_144
Look up a Youtube video called ‘The Grand Design’, by G.Edward Griffin. It explains what is going on right before our eyes, and Griffin explained it decades ago!
I'd say it's time to invest if interest isn't to your liking.
Funny money reducing phony earnings on bogus assets. Not our biggest problem by any stretch.
Inflation has been ongoing. A dollar is worth about 1/7 of what it was when I was kid.
Inflation serves the purpose of creating an invisible tax; the value of Federal debt goes down, and people are forced into higher tax brackets, increasing the Federal Government’s cut.
This is probably the only thing I like about gold. It keeps the Federal Reserve from counterfeiting. Which, BTW, is what “Quantitative Easing” is.
No matter whether the interest rates are high or low, there are three choices to pay off the future promises in Social Security:
Tax future general tax payers to pay for the interest.Hmmm, the common thread is that future taxpayers will pay no matter what the interest rates are. The government could just default on the entire trust fund and exactly the same amount would have to be paid out of future taxes if Social Security benefits are not changed.Tax future social security tax payers to pay for the social security beneficiaries because interest rates on the "trust" fund was too low.
Tax future general tax payers to pay for social security beneficiaries because increasing the SS tax is too reeeeeeeeegressive.