when the fed creates money out of thin air, this is what happens
What will happen if (when) interest rates rise?
CALI FIREMAN POCKETS ANNUAL MILLION DOLLAR PENSION
A Los Angeles fireman retired in his 50s with a pension of over 1 million dollars per year with lifetime medical benefits.
Job Title: Assistant Chief---Retired 2010---Years service 32
Rec'd from L/A Fire and Police Employees Pension Fund 2015: $1,164,022.65 annual
Lifetime Health Benefits $17,286.69 annual (Excerpt) Read more at breitbart.com ...