The complicated financial landscape today has made everyone "slaves to the central bank" while ordinary people have found themselves stuck in debt, and spending all they have just to get by.
The few who are able to save at all have lost value by saving during extended periods of ZIRP and have instead been sidelined as hedge funds and Wall Street bankers have used virtually free money to buy up assets – like houses – which force the middle class types to rent rather than buy.It is truly a vicious cycle, and it will leave humanity at the bottom again, reversing all the gains of the 1776 revolution – as we are all serfs now.
Credit to Zero Hedge
No comments:
Post a Comment