Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||Europe And China Near Detonation; entered at 2012-06-04 19:46:32|
Registered: 2007-10-18 your account summary
Pitz said, "I think that savers have had it too good over the past 30 years, compared to producers."|
I disagree. ZIRP almost forces savers to invest in higher risk without adequate rewards, especially in an environment of selective law/regulation enforcement. This skewed environment encourages theft by the owners of those investment vehicles sold to J6P who can afford to 'sponsor' their own elected policy-makers to effectively immunize them from prosecution for their illegal sales or market manipulation.
Savers have been screwed for 30 yrs because they played by the rules, and the .gov, .fed, .state, .local and Wall Street preyed upon them. Remember, they can ALWAYS tax the crap out of almost any goods and services purchased (especially Real Estate) within their domains, opting to spend those tax dollars on which-ever entities can be counted on to vote in the status quo. Unions, FSA, Prison systems, state/fed employees, etc...
Savers have greater individual independence, and that needs to be encouraged. If people have more savings to protect, they will work toward minimizing government intrusion into their lives and properties.