Robert Kiyosaki nails this one well regarding the impact of Bernanke bailing out Bear Stearns. His actions say to the elite “if you mess up, we will bail you out.” Question for you is if you mess up will the government bail you out?
This bailout was a signal to Wall Street that the Fed stands behind them — that they’re on the same team. It was a thumbs-up to the super-rich: “Do what you want. If you screw up, we’ll cover your blunders.”
Ralph Nader’s father purportedly once said that “Capitalism will never fail because Socialism will always bail it out.” My concern, especially in this election year, is that socialists will seek revenge. Already I can hear the war cry “tax the rich!” The problem with taxing the truly rich is that the rich simply move their money to countries that treat them and their money with undue respect. And when the rich move their money, the poor and middle class end up paying more taxes. Read More
Posted in Economy, Fiat Money, Gold | Tags: Barack Obama, business, Deflation, Economy, Federal Reserve, Fiat Money, Gold, hillary Clinton, Inflation, John McCain, Liberty Dollar, Money, Politics, Robert Kiyosaki, Ron Paul, silver, The Fed
