bobbyw24
04-11-2011, 08:34 AM
John Rubino
While we're on the subject of inflation's immorality, consider the impact of the dollar's destruction on retirees.
Citizens who work hard, save, and eventually retire with money in the bank are the bedrock of a stable society. In a rational world they would be held up as examples for the rest of us to emulate, and public policy would aim to create the highest possible number of self-reliant seniors.
Instead, four decades of soaring government spending, borrowing, money printing and public/private corruption have left the US with the historically-all-too-familiar dilemma of "inflate or die". Translated into policy, this means keeping interest rates at rock-bottom levels in order to ease the pressure on "consumers" who the government previously encouraged to go deeply into debt - and to convince the rest of us to leverage ourselves to the hilt with mortgages and car loans.
http://www.silverbearcafe.com/private/04.11/retirees.html
While we're on the subject of inflation's immorality, consider the impact of the dollar's destruction on retirees.
Citizens who work hard, save, and eventually retire with money in the bank are the bedrock of a stable society. In a rational world they would be held up as examples for the rest of us to emulate, and public policy would aim to create the highest possible number of self-reliant seniors.
Instead, four decades of soaring government spending, borrowing, money printing and public/private corruption have left the US with the historically-all-too-familiar dilemma of "inflate or die". Translated into policy, this means keeping interest rates at rock-bottom levels in order to ease the pressure on "consumers" who the government previously encouraged to go deeply into debt - and to convince the rest of us to leverage ourselves to the hilt with mortgages and car loans.
http://www.silverbearcafe.com/private/04.11/retirees.html