RE:RE:RE:RE:Obama's former chief economist: End US dollar reserve statusWe are only talking about saving the cash inside savings account and term depost in dollars. Large majority of people do that. 40 years ago, everybody was doing it. There were no discount brokerages, only few guys were investing in anything This just shows that if you are in dollars long time you loose your life hours and thats the way they rob you. The wealth you accumulated long time ago, and coverted to dollars, gets taken from you by those guys. Remember, wealth never disappers, it just changes the hands from you to money changers.
Still today, vast majority of people keeps their wealth in "Safe" investmnet like savings accounts, GICs, and you don't have much safe options any more.
Gold was designed to protect you, but now they have comex where they crush any price and then force you to give all you money to them or to wall street.
Did you watch the move Wolf of the Wall Street? Listen to what Matthew McConaughey said.. Listen carefully. That's the key.
sens93 wrote: I didnt miss the point. In the example presented the only way a saver could save was in a bank account, and yes you lose out. But in the last 40 years if you were long almost any asset you did extremely well. Gimme a break that people had no money to buy real estate or mutual funds. In the example the person we putting away money as savings, therefore had availble money to easily invest in stocks. If you saved your money and bought buying gold at $35, the Dow at 1000, or a home for $15,000 forty years ago, your well ahead of the game. The OP purposely picked a savings account to show that inflation is higher then savings rates, fair enough. But that was not the only option in the "real world", just his hand crafted example.