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Forgotten Man Heist


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The magnitude of the wealth transfer from the savers to borrowers is staggering.  It is incredible that the politicians make a big deal about reductions in social security and other entitlement programs for those on fixed income while the foregone interest due to QE is probably orders of magnitude larger than any proposed reductions in future benefits.  If you have a fixed amount for retirement and want income the gov't is transferring your interest to try to save the banks and over levered speculators.  The savings of the banks and speculators will not be recirculated as this is recovery of unrealized losses and there is no appitite to lever up again.  When will this be reported?

 

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The magnitude of the wealth transfer from the savers to borrowers is staggering.  It is incredible that the politicians make a big deal about reductions in social security and other entitlement programs for those on fixed income while the foregone interest due to QE is probably orders of magnitude larger than any proposed reductions in future benefits.  If you have a fixed amount for retirement and want income the gov't is transferring your interest to try to save the banks and over levered speculators.  The savings of the banks and speculators will not be recirculated as this is recovery of unrealized losses and there is no appitite to lever up again.  When will this be reported?

 

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It's the perfect crime where the victims don't even realize they have been robbed! It's a shame that people also don't realize that the nation is shortchanged because low interest rates discourage savings and investment at the expense of consumption.

 

 

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