Savings
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Savings refers to money (fiat currency) that is set aside in either a savings account or Certificate of deposit or stored at home in a safe or other secure location for future use including retirement. Currently in America the rate of savings is very low since the interest rates are very low (see Quantitative easing and monetary policy and due to inflation (see Consumer Price Index). Because of this, many people choose to invest in tangibles rather than savings in currency.
See Also
- Savings account and Certificate of deposit
- American economic history
- Essay:Invest in tangibles - Economic preparedness
- Inflation versus Interest rates / Rate of return
- Self-directed IRA and IRA, 401(k), Roth IRA, 403(b), Retirement, Social security
- National debt: Debt Ceiling-Deficit spending and the Federal Reserve System's Ponzi scheme of Quantitative easing-Debt monetization devaluation of Fiat currency through Money supply-Treasury bills bought mostly by China and Japan
- John Maynard Keynes liberal Keynesian economics and Fabian Socialist influence on Barack Obama
- Big Government: Liberal ObamaCare-Common Core-Social Security Welfare state leads to Nanny state, leads to Gun control, Militarization of police, Asset forfeiture and Domestic mass surveillance of law-abiding citizens via the Police state: Globalist-United Nations-Statist-Socialist-National Socialist-Communist
Contrast with:
- Ludwig von Mises' conservative libertarian Austrian economics and Fiscal conservatism -Capitalist Conservative economic policies of Ron Paul
- Limited government implies: Conservative values/Traditional values - Modern conservatism - Modern preparedness are the original American Patriot Founding Fathers' values
- Modern preparedness: "if times get tough, or even if then don't", Debt is financial cancer, Tax is theft, Renewable energy, Financial security, You are in control of your life
