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Friday, September 18, 2009
95% Of Your Savings, IRA, Checking Account and Retirement will be Gone
There is a headline that has been all over the media ever since September 2008: “Bank Bailout Will Soak Taxpayers.” As obviously true as this headline appears to be, it is in fact, dangerously misleading. Indeed, as we will cover in this article, the idea that taxes will pay for the bailout is ludicrous, an insult to both your intelligence – and your net worth.
Instead, the real source of the bailout monies will not be the taxes you pay, but the value of your savings. The value of your checking account, the value of your IRA or Keogh, and the value of all your investments are the true source of payment for Wall Street’s reckless mistakes. When we combine the bailout with the trouble the US was already in, the result could be a 95% reduction in value for all of our savings, retirement and otherwise, as we will illustrate step by step in this article.
Read the entire Video HERE
"They're coming for your savings and they're going to give it to their pals on Wall Street"
ReplyDelete- George Carlin
Even more evidence why buying gold & Silver is the way to go...
ReplyDeleteThis comment has been removed by a blog administrator.
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