Sunday 23 November 2014

Money NOT in the Bank............................from Rico

Times have certainly CHANGED.
- The old expression "that's money in the bank" no longer applies.

Because the FED chose to steal from the Middle Class in order to bail out the Investment Class, anyone with money in the proverbial bank lost a good piece of it. Here are the consequences of intentional policies:
- Say that in 2008 you had $10,000 in the bank. By 2013, here's what you "lost"....ZIRP (zero interest rate policy) lost you $2,038, and inflation (the actual 10%, not the fake official 2% target) lost you $5,393. Add the two numbers, and even a graduate of government-run schools can see that the total loss is over $7,000.

There is another old expression that no longer applies "laughing all the way to the bank" since today the only ones laughing are the bankers


1 comment:

Lola said...

Over here as over there. (UK / US)