Posts Tagged ‘savers’
Chris Martenson: Debtors Rescued
on Saturday, July 1, 2023Meaning of Chris Martenson Money Quote: saying Savers must be punished with low interest rates, while debtors must pay high rates so more profitable loans can be offered and creating less savings. Chris Martenson said:
“Savers have to be punished so debtors can be saved. Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future. And why is that important? Because the banking system needs ever more loans in order to survive” — Chris Martenson
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Micah Hauptman: Fiduciary Rule Ruse
on Thursday, March 2, 2017Micah Hauptman Money Quote saying Trump has requested a delay in implementing the Obama administrations “Fiduciary Rule” on investment advisors. Micah Hauptman said:
“It’s a complete ruse that the delay will be limited to 60 days, We should expect a string of delays, and the longer the rule is delayed, the more harm will befall retirement savers” — Micah Hauptman
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