This a a social program I can give my endorsement for...
Are you concerned about growing income inequality in America? Are you resentful of all that wealth concentrated in the 1 percent? I’ve got the perfect solution, a modest proposal that involves just a small adjustment in the Federal Reserve’s easy monetary policy. Best of all, it will mean that none of us have to work for a living anymore.
For several years now, the Fed has been making money available to the financial sector at near-zero interest rates. Big banks and hedge funds, among others, have taken this cheap money and invested it in securities with high yields. This type of profit-making, called the “carry trade,” has been enormously profitable for them.
So why not let everyone participate?
Under my plan, each American household could borrow $10 million from the Fed at zero interest. The more conservative among us can take that money and buy 10-year Treasury bonds. At the current 2 percent annual interest rate, we can pocket a nice $200,000 a year to live on. The more adventuresome can buy 10-year Greek debt at 21 percent, for an annual income of $2.1 million. Or if Greece is a little too risky for you, go with Portugal, at about 12 percent, or $1.2 million dollars a year. (No sense in getting greedy.)
Yep... Points out the circuitous, devious way that Romney has made his millions, and not-so-sarcastically shows how we ALL can be "Rich-as-Mitt" if WE just have $10million to start out with like he did....
Where do I sign up? I'd LOVE to be part of the 1%....
(I'm assuming he's talking about:
Sheila Bair: Really, We Should So Give Everyone A $10 Million Loan
LadyJazzer wrote: Yep... Points out the circuitous, devious way that Romney has made his millions, and not-so-sarcastically shows how we ALL can be "Rich-as-Mitt" if WE just have $10million to start out with like he did....
Where do I sign up? I'd LOVE to be part of the 1%....
Well... the truth wills out. You would have no problem making money the same way Romney has. Welcome to the GOP. Your slip is showing.
LadyJazzer wrote: Yep... Points out the circuitous, devious way that Romney has made his millions, and not-so-sarcastically shows how we ALL can be "Rich-as-Mitt" if WE just have $10million to start out with like he did....
Where do I sign up? I'd LOVE to be part of the 1%....
(I'm assuming he's talking about:
Sheila Bair: Really, We Should So Give Everyone A $10 Million Loan
But since I don't read his sh*t, I'm guessing....)
Nice save... adding that little edit and the link to the Huff n' Puff Post after your read my post and realized you just made a fool out of yourself. I won't tell anyone.
