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FINANCIAL REPRESSION COMING TO AMERICA !! socialization of losses ...AGAIN !!

 
Savings w/ negative rates
User ID: 877408
Mexico
05/17/2011 12:37 PM
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FINANCIAL REPRESSION COMING TO AMERICA !! socialization of losses ...AGAIN !!
[link to finance.yahoo.com]

Financial Repression Coming to America: El-Erian

tweet3EmailPrintTopics:Mutual Funds On Tuesday May 17, 2011, 9:51 am EDT
The co-CEO of the world's largest bond fund has warned America that it faces a combination of higher inflation, austerity and financial repression over the coming years as policy makers grapple with the impact of the financial crisis and the subsequent policy response.

"Think of the debt overhangs in advanced economies where projected rates of economic growth are not sufficient to avoid mounting debt and deficit problems," said Mohamed A. El-Erian in speech at a PIMCO forum on growth.

"Some are already flashing red, and they will force even more difficult decisions between restructuring and the massive socialization of losses, like Greece," he added.
LadyLeo

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05/17/2011 12:41 PM
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Re: FINANCIAL REPRESSION COMING TO AMERICA !! socialization of losses ...AGAIN !!
Yup soon no more Social Security

Geithner admits they stole your Social Security

Thread: Geithner admits they stole your Social Security

Ron Paul say's we'll probably see Violence I think he is right!

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GLP