Collectivist Banking

One has to wonder how long the American wage earner/taxpayer is going to put up with a group of PRIVATE individuals deciding our national economy.

Whatever you might save isn’t rewarded with more than notional interest. Yet the mechanization of the constantly changing ‘Market basket’ items that show NO inflation. Meanwhile the real cost of living is near a 19% inflationary rate. Now do you understand why you can’t seem to gain ground toward retirement.

End the Fed…from Rico

Try getting a breakfast in NYC for 10-cents, go ahead, I dare you!

– The last time I had breakfast at the Tavern on the green there it was a LOT more than 10-cents, I assure you.

Why is that?

– It’s called INFLATION, and it’s what the Fed really’does’…

Don’t forget to ‘thank’ them for doing such a swell job!

All the EU economies are taking it on the nose. Any(which is most) country that went off the gold standard, on to a fiat currency is now suffering the same as the US.

The Governments spend more than they take in each month. To compensate, the US Treasury issues more bonds, T-bills and of course prints more money. What the value of that dollar is, the moment they print another dollar, the value drops by 50%. Keep doing this and soon one looks like California or Venezuela. At some point, Wiemar Germany becomes an eternal Oktoberfest.

The Eastern Europeans know to have a cache of negotiable metal. Paper currency is something you either don’t have enough or you have too much; there’s no right amount.