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Its a big club and you ain't in it, the money river
01-15-2018, 08:18 PM
Post: #1
Its a big club and you ain't in it, the money river
https://www.peakprosperity.com/blog/1136...oney-river

To keep that money flowing it needs to be cheap to those who want to borrow it, so the banks have concurrently driven interest rates down to the lowest levels in recorded history (going back over 5,000 years). Some extra-aggressive central banks have even pursed negative interest rates.

What this has resulted in is a tremendous transfer of wealth to the already-rich at the expense of everybody else.

Those with the means and access to borrow have been able to get essentially free money to do so; while savers and those dependent on fixed income have been starved of any yield whatsoever.
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Yesterday, 06:43 AM
Post: #2
RE: Its a big club and you ain't in it, the money river
And this is a.......surprise??

WC
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