I have zero evidence that our (collectively) pensions are being looted, but with todays move by the fed, bringing in foreign central banks to prop up the failing USA banking system, if the foreigners are NOT looting the USA pensions then I need to start a Swiss bank.
If someone was desperate for money because they have no idea how to handle money, and then asked you to lend them more, would you take their worst mistakes as collateral? Or would you take their best assets as collateral?
I think when we look back fondly at the good old days, we'll see it changed in these weeks we are living now.
Tuesday, March 11, 2008
Tin Can Pension
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