Joan, I agree with you. Some of us, who are on fixed income, rents have gone up 50%, utilities 200%. Health premium have doubled in last five years and still no inflation. It is a real shame, how people in fixed income are getting hurt. This reminds me that there is no guarantee in life. Some people are losing their pension also. Alan Greenspan really inflated this bubble, but we know Fed is controlled by a vested group. I cannot believe that people bought the tax cut when we all know there is no surplus. All I see is people working till 75, to pay their bills. Next year, I will save all the wood and burn it to save on heating bill. With massive layoffs, it reminds me of 91-92. Now, computer professionals are commodity in USA as we can always import software professionals from abroad who are cheaper, dedicated and last, this kinda places a cap on the wages. CEO's can run their scams to milk millions.
This ponzi scheme of stock market is making sense, how all the players, have a vested interest. These ANAL-yst are worst than prostitutes. All those hard working people lost their life savings in this ponzi scheme directed by Alan Greenspan, IMHO. I think we have to go to basic to become millionaire. |
