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Strategies & Market Trends : ahhaha's ahs
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To: cmg who wrote (23748)9/24/2013 12:16:08 PM
From: Kirk © of 24758
 
I consider money printing and artificially low interest rates a tax on savers. It moves money savers would get from the government in the form on interest payments on T bonds to government employees, contractors and entitlement recipients.
If the Fed can buy up most of the US debt and just move it to their balance sheet why can't / won't they do it forever. It's like magic. It's like a 401K loan. You borrow from yourself and pay it back with interest which then lowers the "deficit".
It is similar to a company issuing stock to pay its bills. It dilutes the value of all the other shares of stock people hold.

About 20 yrs ago I heard the democrat heavyweights under Clinton (L Tyson, etc) talk about how they could tax our IRAs at 2% a year much like a property tax and I believe this is a perfect way to accomplish it.

Of course, when you debase the currency and it is an arms race between the G20 to debase all their currencies to pay their pensions and prevent rioting in the streets, assets that produce income do well... such as dividend paying stocks and quality real estate that saves you paying rent or earns rent that you can increase as the currencies devalue.

Sticking to this plan for the past 20 years has worked really really well for me.

FWIW, I wrote a letter to the editor that was published warning about excessive spending and using bonds to pay for it over 20 years ago. The Libertarian party read it and asked me to run for office. I saw it as a hopeless joke here in CA and decided to windsurf rather than spin my wheels in futility.
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