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Municipal Bonds --Trillions at RISK
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<blockquote data-quote="wkmac" data-source="post: 799658" data-attributes="member: 2189"><p>How ironic that you post the above after I'd just read <a href="http://www.lewrockwell.com/chodorov/chodorov23.1.html" target="_blank"><span style="color: red">this</span></a> by the <a href="http://en.wikipedia.org/wiki/Frank_Chodorov" target="_blank"><span style="color: red">late Frank Chodorov.</span></a> <span style="color: red"><span style="color: #000000">His bottomline was don't buy gov't bonds at all. If you read the article and the monetary numbers used, keep in mind this was written in 1962' and thus what may have been true then are even far worse today.</span></span></p><p> </p><p><span style="color: red"><span style="color: #000000">Sad part is, Chodorov's warnings aside, Wall Street, the Fed Bank and the Banking/Investment lobby have literally destroyed investment vehicles like CD's, Savings accounts etc. that work off a more honest interest rate system where rates are allowed to follow a more free market hand. In order to drive people out of such lowrisk income style investing that was the backbone of average citizen savings, the retired elderly and many pension funds, the Fed drove the discount rate to near 0% (we call that non free market intervention)to save the State and it's (the Fed) own ponzi scheme and thus drove interest rates so low that after accounting for inflation and income tax, in reality of real purchasing power, one earned a lost. Only option then was to enter the more risk averse stock market and many found themselves at the mercy of clowns like this.</span></span></p><p> </p><p><span style="color: red"><img src="http://t0.gstatic.com/images?q=tbn:ANd9GcSdvf9uqzul5pvXjtrpHppEKzYPrig4L_TqhW9LDmqWItpIRd2y" alt="" class="fr-fic fr-dii fr-draggable " style="" /></span></p><p></p><p><span style="color: black">Same clowns like this also end up either getting elected to office or working on <a href="http://en.wikipedia.org/wiki/K_Street_(Washington,_D.C.)" target="_blank"><span style="color: red">K Street</span></a> and thus no wonder things only get worse and worse!</span></p></blockquote><p></p>
[QUOTE="wkmac, post: 799658, member: 2189"] How ironic that you post the above after I'd just read [URL="http://www.lewrockwell.com/chodorov/chodorov23.1.html"][COLOR=red]this[/COLOR][/URL] by the [URL="http://en.wikipedia.org/wiki/Frank_Chodorov"][COLOR=red]late Frank Chodorov.[/COLOR][/URL] [COLOR=red][COLOR=#000000]His bottomline was don't buy gov't bonds at all. If you read the article and the monetary numbers used, keep in mind this was written in 1962' and thus what may have been true then are even far worse today.[/COLOR][/COLOR] [COLOR=red][COLOR=#000000]Sad part is, Chodorov's warnings aside, Wall Street, the Fed Bank and the Banking/Investment lobby have literally destroyed investment vehicles like CD's, Savings accounts etc. that work off a more honest interest rate system where rates are allowed to follow a more free market hand. In order to drive people out of such lowrisk income style investing that was the backbone of average citizen savings, the retired elderly and many pension funds, the Fed drove the discount rate to near 0% (we call that non free market intervention)to save the State and it's (the Fed) own ponzi scheme and thus drove interest rates so low that after accounting for inflation and income tax, in reality of real purchasing power, one earned a lost. Only option then was to enter the more risk averse stock market and many found themselves at the mercy of clowns like this.[/COLOR][/COLOR] [COLOR=red][IMG]http://t0.gstatic.com/images?q=tbn:ANd9GcSdvf9uqzul5pvXjtrpHppEKzYPrig4L_TqhW9LDmqWItpIRd2y[/IMG][/COLOR] [COLOR=black]Same clowns like this also end up either getting elected to office or working on [URL="http://en.wikipedia.org/wiki/K_Street_(Washington,_D.C.)"][COLOR=red]K Street[/COLOR][/URL] and thus no wonder things only get worse and worse![/COLOR] [/QUOTE]
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