[Pontiac]

Wealth confiscation is already in effect in the United States. The FED buying its own debt and printing money is confiscation of wealth on a huge scale.

This is an across the board confiscation of wealth affecting rich and poor alike.

This creation of money with no backing of material worth systematically devalues the currency robbing the people’s savings of its value.

Any money in saving accounts or dollar denominated savings instrument are being robbed by the government

[randita]

ZIRP is confiscation. I would rather have taken a one time 10% haircut on all my savings five years ago if we could have immediately returned to a policy where we could earn a consistent 5% on our savings. Like in the good old days.

Those on fixed incomes are getting destroyed.