Wall Street "Dr Evil" created by guaranteed rates of return

To Wall Street Protesters - "Banksters" are created when millions of people expect a guaranteed rate of return without real growth.

For decades there was real growth, and expectations were set accordingly. Now the only way to get these returns are through taxpayer bailouts or currency devaluation.

Greedy people are always out there, but conditions allow them to take over.

Category:

News & Politics

Tags:

• Silver

[FortuneSeek3rz]

The gift from Generation X and Y to the baby boomers will be payments to the social security fund that will most likely be insolvent by the time the former reaches their 60s. So for all retirees out there collecting social security, you have been reimbursed by your children and grandchildren for your hard work. We thank you.

[silverfuturist]

@FortuneSeek3rz That is why I think devaluation is inevitable. The check will always come... but what it can buy is another matter.

[wepollock]

pension funds need 8% year over year.. The only way NYC teachers work is the fact the state guarantees 7.25% with the tax payer making up any difference.

[silverfuturist]

@wepollock Yes - and what happens when the tax payer can no longer make up the difference... I think currency devaluation is the only way to make it work.

[Romulan112]

I was in the March on Wall street the other day. went there to see and support. I seen police arrest and rough up protestors, especially near the brooklyn bridge. Question, was your friend 'weeklytelegram' who is a NYC cop involved to enforce the establishment's rules??

[silverfuturist]

@Romulan112 I think he is an MTA cop... his beat is the subway. I could be wrong.

[silverfuturist]

@TheSilverWatch The Boomers were made promises that can't be delivered. But your silver doesn't require any promises, just safe keeping.

[solojam]

Priamerica is a scam, get far far away lol

[0oMECOo0]

I love how this video is in a chicken coop. Somewhat contrapuntal :)

[drutter]

Good discussion Joe. It's a little over the average person's ability to comprehend, though. They know the basics, which is "the current system is totally broken". For many, that's as far as it's gonna get, let's be honest. At least they're barking up the right tree :)

[webcityusa]

Are you going to the big silver summit in Spokane next weekend???  I Hope so.

[daverolo87]

I LIKE YOUR JACKET!

[TadRapidly]

Outstanding, Joe.__For anyone who is still confused, start with this: One plus One equals Two.

[bammbamm12]

I think someone has to explain why gold seems to be going in the same direction as the DOW. This morning, the DOW's up 2.5% and gold's up $35. This has been a pattern for the past month or so and I don't like it.

[jamesarongray]

stupid chickens

[clearasvodka]

Hahahaha!!!

[beerandgolf68]

Good work Joe.