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27 March 2013

We Can Thank Quantitative Easing From

by Code Monkey

Adam
Plattner{.author-photo}Adam Plattner{.author} - 2013-03-27 12:43:41-0400[

We can thank “quantitative easing” from preventing crisis like they have in Cyprus, people do not realize just because you have the same number of dollars in your account, they are worth less and less …\ \ “The U.S. government is very unlikely to just seize money wholesale from people’s bank accounts, as is being done in Cyprus. But does that mean that your life savings are safe?\ \ No. There are more sophisticated ways for governments to take what you have put aside for yourself and use it for whatever the politicians feel like using it for. If they do it slowly but steadily, they can take a big chunk of what you have sacrificed for years to save, before you are even aware, much less alarmed.”

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Can It Happen Here? | RealClearPolitics

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