Saving & Retirement

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