Are You Teaching Your Kids?
by Simon Black: Itís
Time To Ce Very Concerned About Whatís Going on Behind the Scenes
I had a little
piggy bank when I was kid. It was blue. And ceramic. In fact, I
think I broke its nose off at one point and I was really sad about
it. Most of all I remember loving the sound that the coins made
when I dropped a new one inside.
chink spoke volumes to me. It reinforced my responsible behavior,
and it encouraged me to keep saving. This is something Ive
carried with me for my entire life.
are different. Central bankers have proven that conventional savers
are mere patsies to be taken advantage of, sheeps to be fleeced.
With Ben Bernanke
announcing that interest rates would remain at zero for the next
2 years, saving money in conventional ways has become a completely
irrational choice. Based on the way that the government used to
calculate inflation (a much more realistic approach than today),
youd be losing 7% annually in buying power.
Not to mention,
the bank where youre keeping your money is probably insolvent
and cant sustain itself without the constant aid of the federal
This is a long
way from that chink chink sound in a piggy bank. It makes me wonder
what do people teach their children about money these days?
I have to imagine
that any child watching the goings-on of American politics would
- debt is
- living beyond
your means is completely sustainable
- if anyone
tells you otherwise, denounce their mathematical errors
- if at first
you dont succeed, keep trying the same thing over and over
hard and saving money is bad
money and not working is good
- if you have
a problem, the government will bail you out
- people are
entitled to things that they didnt work for
- no one should
be held accountable for the consequences of the risks they take
not illegal if the government does it
what our eyes and ears tell us, inflation is not a concern
is going to be OK simply because the government says so
the rest of the article
August 11, 2011
© 2011 Sovereign Man