How would you feel: if you saved all your life, invested that money with the hopes that you could retire peacefully.
But, someone takes that away from you?
Well, this is happening.
Every time, you see governments across the globe raising their debt ceilings or artificially injecting more money into the economy, bad actions are at play.
Here is how it works: pension funds invest mostly in bonds. Due to excess money printing, the inflation is higher than the returns generated by most bonds.
So in real terms, people who saved all their lives lost money (a big part). Since most of them are out of jobs, they don't even have the option of working and making up.
Who is answerable? well, no one. Because most of us don't understand the system at play.
The cycle will repeat the next time too. The only difference would be, you and I would retire one day and it would happen to us.
Credits: Akshat Shrivastava