To: Rusty0604
They don’t have to confiscate our savings.
They can do the same thing by printing more money, to the point that inflation steals their value.
4 posted on
10/18/2013 7:47:05 AM PDT by
Little Ray
(How did I end up in this hand-basket, and why is it getting so hot?)
To: Little Ray
That option is discussed in the post.
5 posted on
10/18/2013 7:48:52 AM PDT by
Rusty0604
To: Little Ray
Yellen, the new Fed chief, also believes in NEGATIVE interest rates. That is charging to ‘hold’ your money for you.
37 posted on
10/18/2013 8:22:47 AM PDT by
griswold3
(Post-Christian America is living on borrowed moral heritage)
To: Little Ray
They don’t have to confiscate our savings. They can do the same thing by printing more money, to the point that inflation steals their value.This. Over your lifetime you will lose 90% or more of the purchasing power of the money you worked for.
Who benefits? The ones who are first in line to receive the newly emitted funds - the banks of the Fed cartel, primarily, and most of Wall St secondarily.
48 posted on
10/18/2013 8:50:48 AM PDT by
Paine in the Neck
(Is John's moustache long enough YET?)
To: Little Ray
bump
they have been doing that for decades
56 posted on
10/18/2013 9:23:13 AM PDT by
GeronL
To: Little Ray
Printing more money and raising the min wage will make our savings worthless.
We’re already getting taxed on 1-2% interst. Best to bury it in the yard.
61 posted on
10/18/2013 9:40:46 AM PDT by
bgill
(This reply was mined before it was posted.)
To: Little Ray
that's why politicians love inflation- it's a hidden tax they can blame on the nebulus 'economic downturn' or what have you.
63 posted on
10/18/2013 9:54:13 AM PDT by
TurboZamboni
(Marx smelled bad & lived with his parents most his life.)
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