| Once, Twice, Three Times A Bail Out |
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| Written by Andrew |
| Tuesday, 02 February 2010 22:23 |
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Lets get this straight. We, the Tax Payer, will have to pay Three times over for this Bail out. Follow the maths. Its simple stuff. So simple most of the Media missed the Wall Street Shuffle. Once: When we paid the initial Bail Out. The Government secured this debt against our future Tax earnings. Twice: We paid a second time when Banks raised interest rates on borrowing our own money back when rates were at an historical Low. Three Times: When high inflation kicks in towards the end of the year. Money will buy 15 or 20% less. Inflation is a hidden Tax on the future. The difference between what the money bought before and what it buys in the future is used to pay off the deficit. Theft from the People by The Government who still have no real idea why the Crash occurred when Austrian School Economists were screaming it from the roof tops! Robbing from the Poor and Middle Class to feed the Rich. Brown is Robin Hood in Reverse. No wonder anyone sensible with savings is buying Gold and Silver. You are actually losing money by depositing your savings for less than 5 years in a Bank due to inflation. i.e. If inflation is devaluing your money by 2.5% per year and you are getting 2% from the Bank, you lose 0.5% per annum. If you have sufficient in the Bank you may even get Taxed on the income from the interest when there wasn't any income. That's called 'Fresh Air' tax and its all around us. |
| Last Updated on Wednesday, 10 February 2010 10:49 |



