When Wall Street/Washington Spend Your Savings
As you know, Alstry has been blogging for the past year that much of the so called "recovery" was simply Wall Street and Washington borrowing from our retirement accounts and spending it away.
Now the money is running out and there are fewer and fewer places to get money from.....other than selling off our assets of course.
As the money runs out, we become a more challenged credit risk and interest rates go up...if we keep spending, our money loses value and oil and other commodities will go through the roof.
Right now the ten year bond is hovering around 4% and oil is around $87 dollars per barrel. If government/Wall Street keeps spending your retirement dollars to pay themselves BIG salaries....expect interest rates to skyrocket and and money to lose value even more.
It is all about Alstrynomics and now you know......as more and more feel as it is happening right before our eyes.....while the Fools keep watching the ticker?????
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