The Fed Detests Free Markets – 2
- This topic has 5 replies, 6 voices, and was last updated 4 years, 4 months ago by
.
-
Posts
-
Paul Gauguin When are you getting married? 1892 It wasn’t really the plan to make this a series, but it seems to have turned into one. P
[See the full post at: The Fed Detests Free Markets – 2]“There are parties left who love feeding off of your free money teats, but they’re not the markets or even market participants. They’re rich socialists.”
More like cronyism than socialism.
Great essay!
We should be happier to have a job than to have our savings because your saving are already gone.” …. they’re also taking it away, just not from the same people.”
Let me guess …. a penny at a time from 90% of the people” ….entire societies made up of zombies”
” ….what would happen if Joe Blow knew what is going on?”
Nothing, because Joe Blow is a zombie.
However, I expect that the feather will fly when the enablers feel threatened.Paul Gauguin When are you getting married? 1892
What a lovely Gauguin; rich colors and beautiful women…
Spot on Ilargi; you paint a dark reality for those of us not among the 10%.
I can only conclude that my long term understanding has been validated; and we folk are cast adrift financially…
All social support has been withdrawn (stolen) and down is where society will continue to slide.
No lifeboats anywhere to be seen…Further, those believing solutions are to be found by voting are stuck within a fools errand…
As a retiree, what has been happening to me is a direct result of the actions of these central bankers.
Nothing in my life’s experiences, could ever have prepared me for what has happened since 2008.
Before 2008, if you had mentioned negative interest rates, I would have said you were “NUTS!”
Well savings now produce no income because central bankers have made the value of savings worthless.
So I have had no choice but eat what is left of my savings to survive.
I stopped investing over 10 years ago because the markets are dead.
Without price discovery, there are no longer any reference horizons to tell you where you really are.
So I hold the only thing left that is worth holding.
I sure hope you weren’t expecting I would create a job for you with my life’s savings.
I can’t, even if I wanted too. I am too busy just trying to survive, to worry about you.
You are completely on your own.
You may get to work but you will not be allowed to save for your future.
At least I had the illusion, while working, that I could save for my future.
I had the power of positive compounding working for me, for a little while.
You have the power of negative compounding working against you.
The more you try to save, the more you loose.
You face an uncertain future because you can’t easily save.
Sadly, I don’t envy your situation in life.
II have a young son and daughter just entering the work force.
They are in the same boat as you are. I am very unsure what is the right path for them to follow.
Yes, I have lived in a place mostly devoid of hope for the future.
That place was Siberia in 1983. I sincerely hope you can avoid living in a place like that.
I hope you can figure this out. Good luck!
Reading Wes’ post seems to confirm, it’s basically every man for themselves.
We’ve long ago lost our tribes; the communty(ies) that help ensure survival. Families are under stress both financially and socially.
Fear! A weapon once again at the fore in U.S. society (last seen in the 50’s, duck & cover nuclear scare): Debt, virtually no healthcare, unemployment, minimum wage salaries which are far short of a living wage, homelessness numbers rising everywhere; education; out of reach and mostly inferior; and retirement largely out of reach for the average citizen.
Living abroad, I take no pleasure in what I see happening in my home country.
To be clear; my rants are wholly directed at my criminal government and its minions, who enable the wholesale theft of the people’s legacy…Buy in cash, not credit. If you’re one of the few than can save, save in gold.
Or at least when it’s not in a mania.
- You must be logged in to reply to this topic.
Sorry, the comment form is closed at this time.