It is commonly agreed that we should save more. Previously, we were saving nothing..."I'm in debt up to my eyeballs!", as the commercial famously said, before offering us something else to buy.
How do we save, when there is no attractive savings instrument?
It is better to buy now. No point in saving at 0.75%. None at all.
Buy gold. Buy land.
Why are we cajoled into buying when we should be saving - when rates are reasonable - and badgered to save when rates stink?
That's how it works.
It's a conspiracy of the rich against everyone else. Of course, everyone I've mentioned it to say that I'm paranoid crazy. They said that the rich and their government would no more perpetrate such a scheme against me and the rest of working America, than it would conspire to flood the urban areas with drugs!
Yes, no more than it would dream up a scheme to invade Poppy-stan and reap substantial billions in drugs while the rest of us mill about at funerals, burying our soldier sons and daughters!!
Leaving me standing there, panting, unbelieving, wondering...
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2 comments:
Just because you're paranoid doesn't mean you're crazy. But the crazed define crazy . . . so where does that leave you and me?
You guessed it: in the halls of Bedlam.
...or Hogarth's Gin Lane!
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