Wednesday, September 21, 2011

The 2nd Edge Of Modern Financial Repression: Manipulating Inflation Indexes To Steal From Retirees & Public Workers by Daniel R Amerman

Financial Repression is the academic term for how governments can pay down enormous debts by forcing interest rates below the rate of inflation, and then systematically confiscate the purchasing power of their citizens' savings over time, while keeping people from being able to escape or defend themselves.  It is a hidden form of investor wealth confiscation and redistribution with a very long track record of "success", that is as effective in its own way as taxation.