Can we agree that extremes create stresses? If my logic is correct, a Greater Depression is in our destiny.
‘Make money cheaper and screw savers’ is the other bit of warped logic we’ve had to endure since the collapse of Lehman Brothers in September 2008.
Trump has already suggested an increase in the minimum wage might be in order. ‘Don’t forget,’ the foxes whisper, ‘zombies vote too!’
When Donald Trump suggested that he might, as president, default on America’s debt, it brought screams of doubt and pain from all over the financial world.
Like the Essendon players, we (society) have been used as test subjects in an experiment to create economic results that could not be produced naturally.
Without the option of holding your savings in physical currency, you’ll have no choice but to keep your money on deposit in the bank…and pay to save.
Based on maintaining stable retirement savings, Research Affiliates calculates that between 2018 and 2030 the retirement age will need to rise to over 70.
In 2008 a saver was receiving $7,250 for every $100,000 invested. Today the same $100,000 gives our poor (and getting poorer) savers a measly $2,000.
The first thing we would undo is the Fed’s control of the financial system. Let takees get the interest they are entitled to. And let the takers get what they’ve got coming to them.
The absurd and disastrous policies central banks and governments have been pursuing are often front-run in some loopy editorial written by Wolf.
Greece is the canary in the coal mine for what could one day happen to your savings. In a crisis, banks will move fast to block access to your money.
I touched on the unaffordability of the aged pension. It’s an expense that’s going to keep growing and growing unless we reform the Australian financial system.
The cash that you deem “savings” is no longer yours. “Your” cash, under the new rules, belong to the banks…