Headline: The Bank of Japan (BOJ) has just stunned financial markets, taking official interest rates into negative territory.
To many this headline will mean nothing but to those who understand economics Japan is in trouble…and so are we.
Some countries in Europe have already gone to negative interest rates and America will be there eventually.
Central Banks around the world are extracting the wealth of individual depositors one day, one Euro, one Dollar, one Yen at a time.
This is not an opinion.
This is a fact.
Yesterday the markets exploded higher as investors decided to gamble on the whims of a few and reach for yield, getting harder and harder to find.
While this was happening Barack Obama offered a new “retirement” program called a myRA.
The website actually states “no risk of losing money”.
Yes you read that correctly.
Give your money to the government and not only will you receive interest but there is no threat of “losing money”.
Don’t take my word for it. Go to their website www.myra.gov.
Third bullet point down.
Just in case there are any Obama, Clinton, Sanders, Bush, or Rubio supporters reading right now let me frame this nicely for the financially impaired.
Currently anyone with money in the bank is receiving almost nothing in interest while inflation, yes it does exist regardless of what we are being told, steals cents from every dollar of the United States consumer.
Housing, the markets, education, medical insurance, food, water, and energy are all dramatically inflated.
Only oil is at a reasonable price and it will probably go lower due to more supply than demand.
The Federal Government could fix this easily by stopping the suppression of interest rates, allowing responsible savers to earn interest AND have access to their money.
Instead they continue the manipulation attempting to force people to spend their money and create new programs where one can deposit your cash into the Fed’s coffers (losing access regardless of their promises) and are “promised interest without any possibility of losing your investment.”
This is fraud.
No private company would ever be allowed to make such a statement.
Then again no private company would still be in business while racking up $19,000,000,000,000 in debt.
For the Sander’s supporters, whom cannot calculate, the above number is $19 trillion.
Yes that is trillion with a T.
A day of reckoning is already unfortunately in the cards. $19 trillion is never going to be paid. Social Security, Medicare, Medicaid, State pensions, Federal guarantees of pensions, Obamacare, etc. are all massively underfunded. Without the removal of the Federal debt ceiling brought to us by the “fiscally conservative” Paul Ryan who joined the “progressive” Obama we would be reaping much pain right now.
But that pain must occur. A leg infection can be treated with antibiotics but ignoring the infection can cost one their leg…or worse.
Each day this ignorance of reality is perpetuated by Americans, and the media, the infection grows.
Debt is like cancer. It doesn’t discriminate, has no emotion, and takes no prisoners.
It crushes everything in its sight.
This is OUR time!
Do not wallow or submit to the behavior of others.
All of these things can and must be fixed to ensure American Freedom continues.
America’s greatest strength is our people!
Find your closest mirror.
That is our salvation!
Americans unwilling to bow, unwilling to break and refusing to accept anything less than complete liberty!
There will never be a more important time than right now.
It is what we do with our time that dictates our future.
Freedom or oppression.
The choice is yours.
Jason Kraus
United States Senate 2017
No campaign contributions
No salary
One term
Leadership by example
www.aleadernotapolitician.com
