Caveat: 7-2-12 - taking your wealth by stealth

I have a subscription to a newsletter that wanted to show off and repeated a comment made some time ago.  This is well said and to simple follow: 

Hopefully by now, you see the pattern. The world's monetary authorities are simply exchanging the value we hold in our currency for value in financial assets (stocks and bonds) and commodities. It's a game that destroys the purchasing power of the working class' wages, while enriching the speculators and investors who know how to game the system…

What I mean is, the game has become so rigged that various measures of the market's variability have completely collapsed. All stocks, all bonds, all prices… everything… are moving in lockstep. That's because all these prices are set in the paper that's being printed in massive quantities…

The problem is normal humans refuse to believe there a people who manipulate the world. This is failure of experience and education, but that does not prevent one from making believe it is true and acting prudently.


Later, the newsletter mentioned that there are months when Goldman Sachs makes money every single day on it proprietary dealing.  No, they are not that good.


Think about it.