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, September 22, 2011

Tired of the lies about Medicare

If you're wealthy or you receive Medicare, President Obama's proposal to cut the federal deficit could very well either raise your taxes or cut your benefits. There's no winning if you're both rich and a Medicare beneficiary.

Barry tells you he is the protector of Social Security and Medicare.  The facts say differently.  The fact is Obamacare took $500billion away from medicare to fund this program.  Now his new Kill Jobs and Tax program could hit Medicare again.  Where is the protection of Medicare with sensible reforms?  Barry refuses to address the problem and keeps slicing funding for Medicare.

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