Where the money is....

When Willie Sutton bank robber was asked why he robbed banks he said "Because that is where the money is". How things have changed.

The banker's Bank the Federal Reserve is now robbing savers with near zero interest rates. Why? Because that is where the money is. It is a hidden tax. No law was passed. Still you are having the your money stolen through near zero interest rates to restore bank's balance sheets. If you had $300,000 in an IRA (or 401k) earning 5% in 2007 ($18,000 a year with nearly no risk) you are lucky if you earn half that today. That is a $9,000 or more of hidden taxes.

I hope to expose these types of actions and others by the FED and government. Boomers need to be vigilant - because their savings is where the money is. I will also delve into other areas of finances of interest to Boomers.

Thursday, February 24, 2011

Where the money is update 1

I told you that the FED/Govt is going after your savings and retirement funds by keeping interest rates low.  It is official policy to rob those who have behaved responsibly to bail out those who haven't.  This has to stop!!!
I am not alone in thinking this:  http://www.financialsense.com/contributors/daniel-amerman/cheating-investors-as-official-government-policy

But, don't worry they have a plan that is even worse.  It is called inflation and we are starting to see that plan emerge as food and oil prices surge.  The only thing going down is home prices and your income to pay higher prices for every day essentials.

Others see this too:  http://www.safehaven.com/article/20094/food-price-inflation-calculator  IMO, do not lock up your assets in long term bonds, CDs, annuities, etc as in the near future interest rates will soar and you want to wait for those before extending the maturity of fixed rate investments.

The FED/Government policy to get your money evil (pure evil) and it will take your utmost attention and efforts to avoid their traps.

No comments:

Post a Comment