In 2009, interest payments on our national debt are about $380 billion, which is $1 billion a day in interest.
In 1913, when the Fed was created, and in 1971, when President Richard Nixon took the U.S. off the gold standard, the ultra rich were allowed to siphon off our wealth - via our own money, the very thing we work hard for and do our best to save.
In other words, with every dollar the Fed prints, our wealth is being drained via increased taxes, debt, inflation, and savings.
A Cash Heist
There are 4 expenses that keep the poor and middle class struggling financially. They are:
1. Taxes - both apparent and hidden
2. Debt - mortgages, credit cards, and student loans (link to chinapress)
3. Inflation - rising food and fuel costs
4. Retirement plans - 401(k) and savings
It is via these four expenses that the rich get richer. In other words, all four of these expenses are cash heists,the ways the rich use the government to get into our pockets, draining us of our wealth.
The Silver Lining
With a more sophisticated financial education, a person can convert those government-sponsored expenses into elements that work in one's favor.
Taxes,debt,inflation, and not needing a retirement plan can make you richer if you use different rules of money.
As stated earlier, in 1971 Nixon changed the rules - and so should you.
