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March 25th, 2015 
FAKE NEWS for the Zionist agenda
47% of American Households Have No Savings
March 24th, 2015
Via: Business Insider:
This could be the scariest chart in the world, from Deutsche Bank’s Torsten Sløk. Nearly half of American households don’t save any of their money.
If it isn’t obvious, this has a broad range of implications. People who don’t save won’t have any buffer should the economy turn and they lose their jobs. Longer term, people who don’t save won’t have the capacity to retire.
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Source Article from http://www.cryptogon.com/?p=46267
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pookie Says:
March 24th, 2015 at 1:55 pm
Even if you have savings, it’s a losing game. While inflation always steals from savers, it really does its dirty work when the central bank and government conspire to create a condition of pervasive and unavoidable negative real interest rates — you literally cannot save money without paying a penalty. The gubmint forces people to accept an inflation rate that is higher than either their income growth and/or the market’s safe rate of return.
So, your capital is rapidly losing purchasing power. Negative real interest rates transfer money FROM every saver TO every over-extended borrower. This is especially true with the gubmint (largely because of its special revolving door relationship with the Fed, which both issues the money out of thin air and then buys gubmint debt, forcing rates into negative territory). That’s what the gubmint needs to stealthily take your wealth to pay down the prior debts it accumulated.
So, “negative real rates” are THE essential component of transferring wealth from the many to the few, with the “few” being defined as the gubmint, Wall Street, and others who exploit leverage and liabilities at sufficient scale to be on the right side of that wealth transfer.
This is the practice of gubmints and central banks everywhere.
Read the abstract of this 2011 BIS working paper, where the above scam is termed “financial repression”:
http://www.imf.org/external/np…..f/crbs.pdf
Kevin Says:
March 24th, 2015 at 7:25 pm
I don’t know if so much has ever been written in so few words on Cryptogon, but I hope everyone reading understands the comment above.