Amazing misdirection artistes, they (GOA) have unilaterally decreed a 90% tax on US saver's interest expectations. They call it ZIRP and enticed the pragmatically- blinded with poisoned and trap-door eligibility for low mortgage rates based on infinite slicing of the ever-grow able housing cake, so it goes down without the normal gagging response.
They step in front of our saving trade and dividend collection and create their own new equal-looking and completely dilutive as a further rip to US savers paper to use for their member banks to collect every bp of the spread or rent on the fake money and the people are shut out.
You will find panels of these nitwits on MSM unable to contemplate modern finance without the Fed. Go figure.
No comments:
Post a Comment