Showing posts with label s**t we don't need. Show all posts
Showing posts with label s**t we don't need. Show all posts

Thursday, September 19, 2013

What If Everyone With Private Assets To Manage Finds Out That NO ONE NEEDS Wall St. Advisers?

Commentary by Roger Erickson

Or Obama either?

National Savings = National Debt ~= Private Assets under fee-based "management"
 (hat tip MoveThroughIt )

What if we just:

* quit grossly over-taxing labor with FICA/medicare/medicaid, (not to mention distorted property/building taxes)

* quit asking everyone to let Wall St "play" with all the
demand-leakage liquidity ... and instead

* just kept all that diverted initiative at work and INVESTED, in the USA?

Stop the stupid? Is it rally that simple?

Gosh indeed. Maybe our national Adaptive Rate might turn positive again?


ps: There are always Index Funds
or, you can try the Occupy Money Cooperative, but remember that even the TBTJ banks were once honest ... once upon a time ... well, maybe.