Forum Post: The Real Deal

Many savers have already been robbed of their life savings by this rapacious zero interest rate policy that I call Bernankecide. My mother, along with millions of other senior citizens, are among them. Now the government is indirectly confiscating 8% of my income because I must support her. That percentage is likely to grow as her health deteriorates. Millions of other boomers are in the same boat. It's a hidden tax and it is immoral. So while ZIRP is allowing the banksters to continue to collect their fat bonuses, millions of Americans have had their savings stolen and their disposable income eliminated, and millions more have their spending power cut sharply by this hidden tax.

Bernanke knows that, yet he continues to side with the criminal bankers in support of the financial genocide of the super elderly, and their children, the baby boomers who must increasingly support them.

The OWS protesters calling for forgiveness of student loans may be acting in their own self interest, but it is a just cause, and must be a part of the cleansing of the system. The student loan thing is a long running racket that preys on the inexperience of children. The fact is that the people's "savings" that funded them, including the fake savings backed by phony assets that have yet to be written down, are already gone. These loans cannot be repaid. Bond holders must get wiped out. Then we're all gonna have to take a haircut. The student loans can't be repaid because these kids can't get jobs with pay high enough to pay them.

I figure that at least a third of our deposits are worthless because they have no assets behind them. Those running the scam know that. Those investing in the scam know it. But they don't care because they get to collect their fees off the top. That is a system that institutionalizes theft. It must be changed to a performance based model. If you don't earn a positive return, you don't get paid.

If you are blaming the protesters, then you just don't get it. Denial is part of the systemic problem. Too many people have yet to wake up to the fact that they have already been victimized. They just don't know it yet, because they are playing along with the dishonest shell game of extend and pretend that the Fed and other central banks and governments are running. It's time get real, wake up, and face the music. The longer the game goes on, the worse the consequences for the 99%, and for the 1%.

As long as we continue to avoid cleansing the system of the fraud, as long as we refuse to put the fraudsters in jail, we will continue to be bled dry by the scam. If those in charge of administering justice, like President Obama, and his worthless AG Eric Holder, refuse to do their jobs and seek to punish the guilty, our society and our culture will continue to spiral into a black hole that is likely to end in mob rule. Those in top 1% who are responsible for this fraud, either directly by running it, or indirectly by supporting it financially, must ultimately be brought to justice or society will perish. There's no way out other than reform, or revolution, or societal collapse.

So stop worrying about yourself, and start worrying about the future of your children and grandchildren. The government practice of constantly doubling down in support of the fraud is only digging a deeper and deeper hole. Demand reform of the system now. End the fraud now. Make the guilty pay. It's time to reset and start over. We will all pay a price in the short run, but it is the only way to begin a real recovery. Stop the fraud, return to the rule of law, punish the guilty, and bring back basic standards of fairness and ethical behavior, something that we all must relearn. It must be done. There is no other way, no other reasonable choice. Failure to act will consign us to a future in hell.

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