If you save in fiat currency, and that includes stocks and pension funds I am afraid the news is not good.
Do you know where your wealth is going? If you save in fiat currency, and that includes stocks and pension funds I am afraid the news is not good.
Ask most pensioners if they get along fairly good and you will see the embarrassed look on their faces because they are not. It is a look of embarrassment because they think they have not planned well enough for retirement, not knowing their wealth has been stolen from them with a very cunning system. The below image gives a simplistic yet sound explanation for how your wealth is being watered down.
Pensioners get along with very little and we don't realize how it must be because the system includes us and we are effected to a lessor extent but one day you (the working class) will be in the same situation and as quantitative easing continues your turn will be much worse.
Do not save in fiat currency!!!
The hyperinflation that is coming will be great indeed. All of the quantitative easing that has taken place since 2008 to keep the handful of "Too Big to Fail" banks alive is ruining the global economy. The artificially low interest rates is killing insurance and pensions. They need between 5.75% and 8.25% returns to stay alive and those rates have not been seen in over a decade
Hey @dpl, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! Cheers :)
Thanks man