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Forum Post: Currency Wars Keep Going

Posted 1 year ago on March 10, 2013, 10:04 a.m. EST by OTP (-203) from Tampa, FL
This content is user submitted and not an official statement

http://www.zerohedge.com/news/2013-03-09/jim-rogers-were-wiping-out-savings-class-globally-terrible-consequence

Bottom line- your government is destroying your money while you argue about a 2% tax rate difference for the top. Both sides are playing their appropriate voters.

4 Comments

4 Comments


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[-] 1 points by Shule (2232) 1 year ago

" the hollowing out of the 'saving class' ........ Central planners' policies are punishing the prudent in favor of rescuing the irresponsible." This is too totally important. With our interest rates driven to near zero, there is no way a regular person can invest through a bank or other reliable institution and get a reasonable return. Stock and other capital markets are simply too risky for the average guy. I'm sure the big 1% boys are grappling with this too. Imagine the capital flight to overseas because of these very low interest rates. In short the Washington-Wall Street crooks are selling short our money, and everybody is getting screwed.

[-] 0 points by Theeighthpieceuv8 (-32) from Seven Sisters, Wales 1 year ago

I'm not certain this is inflation but competition for the world's resources as third world countries come online economically - competition will drive prices on imports. Interest rates are a joke; it's a really bizarre situation.

[-] -1 points by TrevorMnemonic (5827) 1 year ago

Inflation is extortion. It is not some normal trend.

Wall Street is the cause for rising prices and the devaluing of the dollar.

Our monetary policy was designed by Ayn Rand believers. By an asshole who sold us all out so he can hang out with elitist banker friends on weekends and show off to his girlfriend.

[-] -1 points by gnomunny (6885) from St Louis, MO 1 year ago

And what the hell's up with that other article on the same link? The one about Brennan insisting on being sworn in using a draft of the Constitution without the Bill of Rights?

http://www.zerohedge.com/contributed/2013-03-09/cia-head-sworn-draft-constitution-without-bill-rights

What, my fellow OWS'ers, are we to deduce from that?