Thursday, August 9, 2012

Creditors have always lost and they will loose this time too.

Greece or US. India or anywhere else. Guys!  If you're not going to pay tax, your government is going to screw your deposits by printing more money. If you're going to save, banks are going to increase the money by leveraging loans against your deposits, inflating all assets. In either case, you, as creditor, are bound to loose. Your purchasing power's always going to get reduced.

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