Recommendations from The World of Finance

The Government's Plan for Your Income and Wealth and What You Can Do About It!

 

The government is making hard choices about your money. Where to spend it. Who deserves it. How much more to take. However, one choice is not difficult at all. The government WILL take more. And it will probably happen at all levels - federal, state, and local. The greatest risk to your income and wealth may not be the stock market and/or a global downturn. The greatest risk is that the government will decide it wants more of what you have. Get ready. It's coming. And it's probably going to hurt.

 

What should you do?

 

Live within your means. Don't take on too much debt. Be responsible with your money. Take down all at-risk money and shelter it in safe, guaranteed investments.

This Month's Topic: The Fed Punishes Savers

Money market accounts: The interest rate is critical. Money market accounts: The interest rate is critical.

  

That may be a little over the top. But then again, what else are we left to believe when Ben Bernanke, with the full support of President Barack Obama, drives down interest rates to horrifically low levels?

Take a look at the three-month Treasury bills, recently paying out an actual rate of 0.00%! In other words, the government is perfectly content paying you absolutely nothing for the privilege of taking and using your money.

And, Bernanke has already guaranteed that he will not raise interest rates until 2013.

In theory, these actions will stimulate the economy. In reality, it certainly punishes those who are saving or looking for income from their investments.