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Slow motion bank account confiscation
That's what 0% interest rates means
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Peter Thiel: Author of "Zero to One"
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Inflation was over-predicted because people underestimated how busted the economy was...
Good point.
When inflation is even just 2% and returns are 0%, then in just a few years then banking system has confiscated the same about of value that people with bank accounts in Cyprus had taken from their bank accounts ...
Good point.
Whoever wins the presidency in 2016 is going to be a one term president because they can't keep this thing going another six years...
Good point.
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