Link of the Week

“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”   - John Maynard Keynes

The following is a perfect example of the herd being sheared and taken advantage by simple virtue of 'playing by the rules'...

 

How The Federal Reserve Is Purposely Attacking Savers

“There's something we 'regular' citizens wrestle with that the elites never seem to: a sense of moral duty.

For example, following the collapse of the housing bubble, many people struggled with mortgages they could no longer afford to pay, fearing the shame of default. Many believed defaulting was wrong somehow; that it was their moral obligation to pay their mortgages, no matter how dire their personal situation. And of course, the mortgages lenders did their utmost to reinforce this perception.

In a perfect world, we would honor our debts and obligations, every one of us. But the world is an imperfect place ,and moral obligation is something that almost never enters into the decision matrix of our society's richest. Or the banking industry.

For them, the number one (and two, and three...) rule is that whatever is expedient and makes the most money is the right thing to do.

For the bottom 99%, it’s like playing with a stricter set of rules than your opponent: you’re not allowed to hit below the belt, and they’ve brought a baseball bat into the ring.”

For the rest of the article, the full PeakProsperity link is here.