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An Increased Retirement Age Solves Nothing Without Real Reform

Thu, 07/08/2010 - 22:52 — Dr. B.

Many taxpaying Americans are understandably concerned about a congressional leader’s trial balloon proposal to hike the normal Social Security retirement age to 70. (The proposal would apply to workers at least 20 years from retirement.) Millions of Americans over age 55 cannot find suitable full-time work. A higher retirement age may mean more years of trying to get by on marginal employment.

An Unholy Trinity: Congress, The Federal Reserve, And Wall Street

Sat, 03/06/2010 - 13:02 — Dr. B.
Are you angry that Congress overspends and the Federal Reserve continues to print money out of thin air? Then why aren't you angry that Wall Street robs small investors through dishonest manipulation of prices? Dr. B. compares Wall Street's manipulation of their money supply to that of Congress and the Fed in this insightful article.

A contradictory investment climate exists because the Fed bombed Wall Street with money. Hedge funds and investment banks don’t care that short-term Treasuries pay next to nothing. They buy Treasuries as collateral in up-leveraging speculative plays, especially in commodities. Wall Street elites expect to recoup the losses of 2008 as well as to grasp massive new profits, even if major indexes top out well short of their former highs later this year or next year.

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