Thursday, January 30, 2014


"They are going to take you."
--Bryan Mills (Taken)

The Treasury purchase plan proposed by the president during his State of the Union speech carries a label that only bureaucrats would be willing to stand behind: 'myRa.'

An additional point to those made previously. As China, Japan, and other foreign buyers curtail their Treasury buying, the federal government is looking for alternative sources of demand beyond the Fed-induced ponzi. Who better than uninformed 'savers' who ignorantly place their trust in the State?

To the extent that those at the bottom of the social pyramid actually participate, this scheme will separate these people from their money, thereby further distorting income and wealth distribution.

1 comment:

dgeorge12358 said...

We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists.
~Nassim Nicholas Taleb