I am firmly convinced that the puppet masters want to destroy all of the private wealth in this country. Why? Because the Bernanke's no interest rate policy is stealing all of the wealth from the only people that still have some, the Savers!
Just as too high an interest rate chokes off economic activity, too lows rates do the same. The system only works at equilibrium. The economy will continue to sputter as long as Bernanke is in charge. Because the savers aren't spending anymore. They are cutting back, and hoping their savings last through their retirement.
The American Dream was work hard, save and invest your excess, live off of the interest. Those that did really well in this case, spent their interest. That money trickled down. Money exchanged hands. Those people did the same. Velocity of money was the engine for growth. The FED policy has broken this cycle. The only one that can work now, is the wrong one: more government spending, which is another way of saying "wealth redistribution". And that well will run dry. Then what?
There is a balance to be found, somewhere around 6% APR. But, since the Bernanke has declared his war on the responsible through 2015, I can only conclude that destrying our wealth is intentional. It's too bad, intelligence has no voice in the U.S. anymore!
MF4
