The citizens of the United States are generally economic ignoramuses, which is why the federal government can continue to manipulate the economy with nary a whisper of suspicion or objection from the public.
For example, though many people now have their retirement accounts invested into 401K programs that contain both stocks and bonds, the vast majority of owners of these financial instruments cannot tell you the difference between the two. That is, perhaps why the Obama administration can double the federal debt to 20 trillion dollars, and the public ignores the fact that this will bankrupt their children and grandchildren. But since they don’t see the effect, at least in a transparent way, the debt keeps rising, and the government keeps spending as if there is nothing to worry about.
One of the cons the federal government has played on citizens is the Federal Reserve Bank, which is, of course not a federal agency, but a private group of money manipulators, and it is not a bank. What it is a an organization that helps the government hide the damage they are doing to the economy and the American public, and that manipulates the economy to the benefit of the government and the large corporations.
See video on next page to see the scam pulled by the Fed
You two don’t look like you have a plum nickel between the both of you! You spent it all on the pipe!
About what moron! Trump is a pathological liar and if you can’t see that, then you’re a fucking idiot!
Thanks John Davis
by the looks of it your college education was a waste, and your comment shows your profound lack of intellect…
Obviously your retirement is quite lonesome, considering you took the time to format such an intelligent response…
Happy Thanksgiving….
Dipshit! My point was I’ll never run out of ammo, DIPSHIT!
Keith Meyer,
Think he’s a drunk troll…
Everybody has got it all dumb asses jokes on you
Its gonna crash hard get out now!
Totally agree!
401K’s, savings, checking or all of them??
All of them….
401k through market crash, checking ,savings by banks failing because of the market. The Fed said it would have to Tony over 4trillion in recession and doubts that would even work. Plus they put that much money into market to try and prop it up, there would be hyper-inflation….