Sunday, February 28, 2016
Who's for the savers?
Hey. What's missing here?
We have serious anti-WallStreet candidates in US and UK. Trump, Sanders, Corbyn. All are proposing to rein in the banksters. Good. That's part of the problem.
But none are even talking about the War On Savers. Universal ZIRP, now quickly sliding into NIRP, and the equally fast-moving prohibition on paper cash.
To check my perception of absence, which is always a tricky observation, I googled all three.
Found that others have already called out Sanders for ignoring ZIRP.
Trump did hit the subject, briefly and gently:
So my impression wasn't right. Sanders likes the status quo, which makes him a conservative by dictionary definitions. Trump wants to return to sanity, though he doesn't seem hopped up about this subject. Corbyn wants to make things infinitely worse.
Hey. What's missing here?
We have serious anti-WallStreet candidates in US and UK. Trump, Sanders, Corbyn. All are proposing to rein in the banksters. Good. That's part of the problem.
But none are even talking about the War On Savers. Universal ZIRP, now quickly sliding into NIRP, and the equally fast-moving prohibition on paper cash.
To check my perception of absence, which is always a tricky observation, I googled all three.
Found that others have already called out Sanders for ignoring ZIRP.
Trump did hit the subject, briefly and gently:
The Republican frontrunner also added that the low interest rates that have prevailed for years are beginning to worry him as he considers leading the nation's economy. "I've always loved low interest rates as a developer and I've always done well with low interest rates. I think you're creating a bubble and the bubble could explode."Corbyn goes with the hyperinsane MMT crowd, wanting EVEN MORE QE and NIRP than we're getting now.
So my impression wasn't right. Sanders likes the status quo, which makes him a conservative by dictionary definitions. Trump wants to return to sanity, though he doesn't seem hopped up about this subject. Corbyn wants to make things infinitely worse.
Labels: Make or break
¶ 4:56 PM
