Mitchell73 Wrote:
Feb 16, 2013 11:39 AM
The Fed is printing and printing and printing ... and we're told again and again not to worry ... no inflation on the horizon. Then the idiot Prez. wants to raise the minimum wage which is guaranteed to stoke inflation because product prices are largely driven by labor costs. Couple that with increased capital gains taxes and its obvious that seniors will be screwed big time. So ... dry up investment by drying up investment income, raise unemployment at the bottom of the economic hierarchy, and raise prices across the board. Who among us is going to continue pissing into the wind ... working our @sses off to have nothing?? Net, net, economic activity will go underground ... cash transactions and/or money for investments will leave the US.