Inflation is the hidden tax that will eat up your savings. Hello, Zimbabwe. Deliberate inflation by the government is outright THEFT!!!
My boat is leaking. Hand me that axe — I’m going to punch some holes in the bottom and let the water drain out.
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This tells what the regime intends to do with people who’re buying tons of gold! Soros and their cronies will be waived, of course!
Eventually, it’ll be confiscated. Think Roosevelt!
Spending would go up right away if interest rate went to at least 4% for a long-term CD. Why? A real lot of financially responsible people would spend every penny of that interest. It's probably the best way to get money to people who would spend every penny of it, and that would stimulate the economy.
The Fed is the main pillar of Progressive Gov’t. Without it, there is no way to finance bailouts, $1.3 Trillion deficits, Gov’t takeovers and massive, long-term entitlements.
Maybe we can all help out by making a run on the banks.
That way they won’t see any of that money sitting there.
Inflation is easily confused with rising prosperity.
As inflation forges ahead, all prices rise. The media, being fundamentally ignorant, see the rising Dow and crow that the economy is improving.
Inflation is the marxist’s best friend. It reduces the value of savings and investments to essentially zero, thus making all equally poor and dependent on the government. No one has ever thought of a better way to make everyone “equal” (except for the liberal elite which votes itself higher salaries and pensions to keep up with rising inflation)
FUfed... FUbo... FUdims.
LLS
The feds have a clue. They know exactly what they are doing. Inflation destroys the savings that you worked all your life to make. That is their intention.
So now we’ve gone from “There’s too much consoooomin’ goin’ on out there.” to “There’s too much saaaavin’ goin’ on out there.”
Gold/Silver/Commodities bitchez!! ;-)
Mike
These people working for the Federal Reserve Board must be on drugs.Saving too much,We’re working like hell and scraping for every last dime hoping that our towns don’t steal our homes out from under us by increasing our property tax burden.
Then there is the Tax burden imposed by the Federal Government and the state of Connecticut.
All of the branches of government need to undergo some serious spending reductions.
Hey Nov, I’d like your take on this. My (simplified) take is that it is insane and will lead to the worst of both worlds: Hyperinflation of necessities, and because nobody will have much money left over (besides gov’t connnected uber rich), deflation of non-necessities. The latter will lead to collapse of industries, massive unemployment, etc. IOW, a full on Depression.
What’s your take? What am I missing?
Those who want financial independence and plan well to stay out of debt always end up getting punished ! The tax on houses under ObamaDeathCare is aimed at those who have equity in their houses !
When you are in debt, you are enslaved to the whims of those in charge whether it is the gov’t, your employer or anyone else.
Take my previous employer, my manager had knowledge that I didn’t have a mortgage. It really p*sssed him off since he tried to get me do some questionable things and I could with good conscious say no ! Of course if there was an investigation, I would be the one holding the bag, not him. He told me that someone at my age (late 30’s at the time) should not have my house paid off since society expected people in my age range to be in debt. Of course he is a liberal democrat.
The Federal Reserve is a bank operated for the benefit of its member banks.
Those member banks own a large amount of distressed mortgages and real estate, and can only be saved from insolvency by a general inflation that will raise the dollar price of real estate along with everything else.
So look for the dollar to lose at least half its value in the next two years. It could get much worse than that.