Sunday, March 4, 2012

The Central Banks' Assault On Savers

Zerohedge

From Bill Buckler's Privateer:

The Assault On Savers
The best and most basic proof that NO central bank anywhere has the best interests of the actual producing economy of their nation as their focus is the assault on savers and saving. Sustainable economic "growth" is only possible in a situation where more is being produced than is being consumed. This "surplus" is savings which are in turn the life blood of production. When savings are discouraged to the extent they have been over the course of the GFC, one can be sure that the goal of those in charge is not a REAL recovery.

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