We would
all like to save for retirement, but the stock market is in a bubble and could
crash at any time. Debt is at record levels, but a dollar sitting in a savings
account has no earnings.
There are
few places safe enough to invest our money.
Many of us have the bulk of our net worth invested in our home. It’s a physical asset and although our
economy is poor, our home prices seem to be stable.
The stock
market is in a bubble that is artificially high, because of excess US dollar
printing and excessive bank liquidity. The Fed’s printed money is being used to
overinvest in the stock market and gamble away in the hedge funds and
derivatives.
Interest
rates are artificially low because of excessive government spending and debt.
The Fed will not allow interest rates to rise beyond what the US federal
government can pay for debt service.
US
Consumers are tapped out. Excessive
immigration has caused the systemic unemployment of 100 million working age US
citizens. Household incomes continue to
decline.
Norb
Leahy, Dunwoody GA Tea Party Leader
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