... unlike a normal tax which is passed by Congress, this inflation/interest rate tax is created by the central bank. You and I don't get to vote for the twelve members of the Federal Reserve Open Market Committee (FOMC) who dictate interest policy. In fact, based on the way the Federal Reserve works, the majority of the committee members are actually appointed by commercial banks. ... every single dollar that you keep in this poor excuse for a financial system is a tacit vote in favor of the corruption. Every dollar you take out of the system is a vote against it. And as we've explored before, there are substantial options for your savings-- precious metals, cryptocurrencies, productive real estate, safe P2P arrangements with strong yields, and well-capitalized banks abroad that actually pay sufficient interest to keep up with inflation.

Comments: Be the first to add a comment

add a comment | go to forum thread