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prljr
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Don't Look Now But The Wealth Effect Is Over - Michael Pento - Delta Global Advisors

A slave-based economy is completely dependent upon the perception of disposable wealth.
Your income is taxed/extorted from you by your leaders/rulers/owners who also pass laws telling you what you can and can not do with what income you have left.
A paid slave.
Freedom is slavery
War is peace
up is down
WMD in Iraq
"they hate us for our freedoms" is NDAA

Its Friday this slave has two days off! Already had my cigar ! Enjoy the weekend !!!!

Commented 3639 days ago

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Beginning of the headline :The government's "ingenious" solution to end the Great Recession was to recreate the same wealth effect that engendered the credit crisis to begin with: The definition of the wealth effect is an increase in spending that comes from an increase in the perception of wealth generated from equities and real estate. Our Treasury and Federal Reserve figured the best way to accomplish this was to rescue the banking system by; taking interest rates to zero percent, buying banks' troubled ass... Read More

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