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The Dying Middle Class (Largest Theft in History)
ZeroHedge ^
| 9/27/16
| Tyler Durden
Posted on 09/27/2016 6:30:47 PM PDT by Be Careful
Largest Theft in History As expected, Ms. Yellen smiled last week, announcing no change to the Feds extraordinary policies. For the last eight years, she has been aiding and abetting the largest theft in history.
(Excerpt) Read more at zerohedge.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: economy; middleclass
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To: sparklite2
21
posted on
09/27/2016 6:58:48 PM PDT
by
RitaOK
(Viva Christo Rey! Public Education is the farm team for more Marxists coming, infinitum.)
To: Alberta's Child
I agree with you. If zero interest rates are so bad for the economy, jack the rates up to ten percent and what do these people think will happen?
22
posted on
09/27/2016 7:00:34 PM PDT
by
sparklite2
(When they play the race card, play the Trump card.)
To: sparklite2
Exactly. Interest rates generally reflect underlying economic conditions. You can’t have positive interest rates unless you have actual economic growth.
23
posted on
09/27/2016 7:02:23 PM PDT
by
Alberta's Child
("Go ahead, bite the Big Apple ... don't mind the maggots.")
To: Alberta's Child
I wouldn’t call it theft at this point, but it could come down to that eventually.
The Fed seems content with allowing that one-third to sit at home and pay them better than actually making them work for their keep.
There has to be a point when the reset button must be pressed as this cycle cannot continue.
24
posted on
09/27/2016 7:03:05 PM PDT
by
Roman_War_Criminal
(All Roads Except Christ Lead to Hell (John 14:6))
To: Be Careful
Seniors are left with no choice except portfolios filled with dividend paying stocks and bond funds that pay usually monthly disbursements. Some will have annuities, but they must be taken out at least 10 years ahead to see a decent return.
An abrupt move in interest rates will decimate bond funds and stocks, leaving seniors in ruins. More importantly, a sharp increase in interest rates will guarantee the credit collapse that Ron Paul and others are warning against. The nations of the world who are ringing up debt, can barely meet their obligations at zero interest rates. They simply couldn’t manage the debt obligations if rates were say even 2 % higher.
The debt has forced interest rates to remain lower.
It’s a real mess folks.
To: Roman_War_Criminal
The reset button should have been pushed in 2008. If it didn’t happen then, I don’t see what triggers it. We’re all going to become some version of Greece or Japan.
26
posted on
09/27/2016 7:06:53 PM PDT
by
Alberta's Child
("Go ahead, bite the Big Apple ... don't mind the maggots.")
To: Be Careful
It's the inevitable result of using debt as money.
It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.
- Henry Ford
I'd say we're a bit overdue.
27
posted on
09/27/2016 7:08:11 PM PDT
by
Garth Tater
(What's mine is mine.)
To: Be Careful
Where have *all* these career political leaders been for 27+ years while America slid into debt and decline while we became a debtor nation, overrun with people here illegally?
How many D.C. 3rd rate punks will step forward claiming they had nothing to do with it?
28
posted on
09/27/2016 7:10:41 PM PDT
by
dragnet2
(Diversion and evasion are tools of deceit)
To: Mariner
China steals $500 billion per year alone from the USA every year out of that $800 billion . that’s the trade deficit with China. Trump explained what to do in the debate , vat tax for 1 in NAFTA. Hillary = deer in the headlights look .
29
posted on
09/27/2016 7:11:10 PM PDT
by
Democrat_media
(Hillary promised EXECUTIVE amnesty for 40 million illegals in her 1st 100 days as prez)
To: dragnet2
In defense of these political leaders, they are governing this country exactly the way the voters want it governed. The politician who stands up and truly exercises fiscal responsibility is one who doesn't have a job for very long.
We're really no different than any other democratic society, in the long run.
30
posted on
09/27/2016 7:16:32 PM PDT
by
Alberta's Child
("Go ahead, bite the Big Apple ... don't mind the maggots.")
To: Alberta's Child
The negative interest rate environment is a reflection of underlying deflationary pressure
A deflationary monetary environment does not explain why we will soon have negative interest rates. It would be a better economic decision to hold on to your money and not loan it out at a negative rate since that would give you a guaranteed loss. Just hold on to it and break even. Common sense there.
31
posted on
09/27/2016 7:17:16 PM PDT
by
Garth Tater
(What's mine is mine.)
To: Garth Tater
A deflationary environment is exactly why Japan has had zero-to-negative interest rates for years.
You can only hold onto money if you don't need it to pay your expenses. If you do need it, you are basically living like a farmer who has 4,000 acres of land but can't generate enough revenue from his farming to pay his bills. So he sells part of his land every year just to break even. He may last a while and live OK, but at some point he's got no money and no assets.
32
posted on
09/27/2016 7:20:40 PM PDT
by
Alberta's Child
("Go ahead, bite the Big Apple ... don't mind the maggots.")
To: Alberta's Child
33
posted on
09/27/2016 7:23:39 PM PDT
by
dragnet2
(Diversion and evasion are tools of deceit)
To: Beatthedrum
In the debate , Trump exposed Yellen and the federal reserve as being political. Here is a graph that proves Trump is right again . Notice how the Federal Reserve shoot up interest rates in 2006 at exactly the perfect time to collapse the housing market in 2008 and get Obama elected. then the federal reserve keeps rates low again for all of Obama’s term the lowest ever near zero
34
posted on
09/27/2016 7:23:57 PM PDT
by
Democrat_media
(Hillary promised EXECUTIVE amnesty for 40 million illegals in her 1st 100 days as prez)
To: Alberta's Child
Exactly.
These politicians don’t conquer their way in, they are voted in. We the public keep choosing these same people and frankly it’s not the government that forces people to buy things like cars that cost as much as a house used to and take out massive loans for a house they can’t afford, or even massive loans for schools like Harvard or Princeton or anything like that.
35
posted on
09/27/2016 7:24:29 PM PDT
by
CorporateStepsister
(I am NOT going to force a man to make my dreams come true)
To: Alberta's Child
You can only hold onto money if you don't need it to pay your expenses.
That makes absolutely no sense at all. I am holding on to money right now that I don't need to pay my expenses.
36
posted on
09/27/2016 7:24:46 PM PDT
by
Garth Tater
(What's mine is mine.)
To: Garth Tater
P.S. -- Don't think of it as "losing money." Think of it as paying a fee in exchange for the protection of monetary value.
We've already gotten to the point where the government will deal with a deflationary economic environment (i.e., our capacity to produce things exceeds our ability to consume them) by imposing an inflationary monetary environment just to discourage people from sitting on their money as you described.
It's very easy for a government to do this, simply by imposing legal requirements for people to spend their money even if they don't have money to spend.
What do you think ObamaCare was all about?
37
posted on
09/27/2016 7:25:24 PM PDT
by
Alberta's Child
("Go ahead, bite the Big Apple ... don't mind the maggots.")
To: Garth Tater
In a truly deflationary environment your income will fall.
38
posted on
09/27/2016 7:26:54 PM PDT
by
Alberta's Child
("Go ahead, bite the Big Apple ... don't mind the maggots.")
To: dragnet2
Please post a list of all the elected officials who successfully ran on a platform of cutting Social Security and Medicare.
39
posted on
09/27/2016 7:28:50 PM PDT
by
Alberta's Child
("Go ahead, bite the Big Apple ... don't mind the maggots.")
To: PGR88
I am starting to believe that the USA would be better of if Fed.gov went bankrupt. What took you so long? I came to that conclusion about 8 years ago. And I'm convinced more than ever, that collapse and reset is necessary for any meaningful change to happen.
40
posted on
09/27/2016 7:28:52 PM PDT
by
bkopto
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