The only way a society can advance economically over the long haul is through savings and investment in capital. An economy built upon an ever growing mountain of debt and consumption is destined to decline. We have passed the point of no return. Those who control the levers of our financial system realized in 2008 their pillaging of the national wealth through luring the masses into debt had reached a peak. The only way for the Fed to sustain their ponzi scheme for a while longer has been to reduce short term interest rates to zero while buying up longer term toxic mortgages of their owner Wall Street criminal banks.
Despite Bernanke’s pitiful denials, they have thrown senior citizens and savers under the bus. Real returns on short term Treasuries, money market funds and savings accounts have been negative for the last six years and ten out of the last thirteen years. And this is using the fake manipulated CPI figures. Using a a real inflation rate of 5% to 10% shows a devastating impact on your grandmother and tens of millions of risk averse senior citizens. Every day since 2008 your savings have lost money.
The Fed, Washington politicians, Wall Street bankers, and corporate titans don’t give a fuck about you or your grandmother. They don’t give a fuck about how to sustain an economic system over the long haul. They are greedy sociopathic fuckers who want everything you have and they want it now. George Carlin was right.
Continue reading “HOW THE FED HAS SCREWED YOUR GRANDMOTHER”
