“But that could never happen here.”
You forgot the sarc/ ; but, something so blatant is not/would not be necessary. Actually, we’ve been getting screwed for sometime now. Have you heard of QE1, QE2, Simulus packages, etc? Whenever the feeds print Monet they’re taking money out of our savings, 401K’s, IRA’s, home equity, land, anything if value. Buying power has been diminishing each time money is printed. Example is price of gasoline. Devaluation of dollar means it cost more dollars to buy anything on the international market, such as crude oil. So, why would our government want to be so obvious by openly taking, say 10% off of the top of folks bank holdings? The way they’re doing it here in the good ole U.S.A. Is quite stealthy and pretty darn slick if I must grudgingly must admit. Blowing it right by those low information voters for sure. But, on the other hand most if them don’t have any savings anyway, so what the hell....
The way they’re doing it here in the good ole U.S.A. Is quite stealthy and pretty darn slick if I must grudgingly must admit. Blowing it right by those low information voters for sure. But, on the other hand most if them don’t have any savings anyway, so what the hell....
When and if they ever wake up, they will say “Its Bush’s fault.”
Heh... The idea that it could not happen here is funny. Kind of like those that deny that the Fed could not keep buying debt without causing inflation...heh. We have long since past the common sense stage and are now in the “what if” stage... Welcome to the new world - Thanks to the Feds.