All savers who were living off of interest of their savings have now been officially charged 100% of their earnings.... In other words they are paying a 100% tax.... This is a govt. imposition ....and IS A 100% TAX....
................................................... The govt. is coordinating/approving/imposing a 0% interest rate policy....in order to bail out the banks.... A govt. imposition is a TAX..... In the case of savers....is a 100% tax..... ........................................................... A saver cannot borrow at 0% and lend back to the govt. for 2%.... Thus THIS IS A TAX......100% TAX AGAINST US SAVERS.....
........................................... Incredible..... What if mom and pop saver could do what banks do.... Borrow at 0% and loan back to the govt. at 2%..... No risk loan.....borrow 100% of $10,000,000 and net 2%.... But ....only banks can do this..... ???????????????????????? The govt. is forcing many retired people to use what little savings they have....and have destroyed what little retirement they had.... How can this be right ???? What are they supposed to do.....go to the fountain of youth and go to work again ?????
No, they're just supposed to die. 1. They will stop being a drain on social system through Social Security and Medicare. 2. If they have any money at all, it will pass through their estate to younger people who will spend, spend, spend. (Old people "hoarding" their savings... trying to spend them slowly and make their money last as long as possible... THOSE SELFISH BASTARDS... THEY are responsible for the slowdown in our economy.)
........................................... And a country can only be economically strong if it has millions of strong savers that are given reason to save.... And ?????? The banks lose THEIR deposits because of levered gambling ?????