This guy makes a GREAT point.
In Cypress:
They want to just TAX the Depositors to "save" the Bankers AND the bank bondholders/stockholders...
In the USA: (They are doing the SAME THING, a DIFFERENT WAY and the negative impact on Depositors is much much worse.)
With the Fed's 0 Interest Policy.....
That lets the bankers take IN money for cost of ALMOST NOTHING. Thus, almost NO interest is being paid to depositors. He says it amounts to a LOSS OF INCOME TO the Public of around $400 Billion PER YEAR!
Retirees and other people are getting (as we all know ) almost NOTHING on their bank accounts!
And yet, the Bankers can then make all the loans they want....making a HUGE profit due to the low cost of funds (deposits)
I had NOT thought about this.....but, it the same SCREW to the public/deposits/taxpayers....while the Bankers/Banks come out just fine with LOTS of profits.
Let's face it.......we know we're getting screwed.......we just cant put our finger on EXACTLY HOW!!
Now we know! This guy is RIGHT!
TICK TOCK........YFIC,RaNDY
The Bankers in Europe had the answer for the last great banking mess in the 1800's........they cut of the heads of the bankers...... HEY....
THAT....IS A GREAT IDEA.... !!
considering....NOT ONE BANKER HAS GONE TO JAIL FOR THE MESS THEY CREATED 5 YEARS AGO, THAT BROUGHT THE WORLD ECONOMIC SYSTEM TO IT'S KNEES....
Now, 5 years later....NOTHING IS FIXED......NOTHING......NOT IN THE USA....NOT IN THE EU.......NOT ANYWHERE...
AND YET...
THE WORLD STOCK MARKETS are climbing back to record highs! GO FIGURE!!
But....WHERE ELSE IS THERE FOR THE BIG MONEY TO GO GET A DECENT RETURN THERE DAYS?
Real Estate....? I don't think so......Bonds? NO WAY!
Gold, Silver? They had their runs.....as least for now..
What's left? stocks !! (until the Rapture....at leats !!)