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2 Comments

  1. Alex

    February 14, 2012 at 7:30 am

    Millions of people have money offshore because they can’t earn anything on it here. Bernanke and Obama have reduced the value of savings to zero.

  2. Jack

    February 14, 2012 at 2:15 pm

    It isn’t illegal to put money in an offshore account and until it is then it isn’t an issue that can be addressed. Besides, the IRS doesn’t have the resources to pursue this matter in court.

    As for what Bernanke and the President has done for savings; as a freshman in high school, some decades ago, taking an accounting class I remember the moment I realized that the nation’s financial system doesn’t promote savings. After all, our economic system is based on consumerism, the spending of money, not the saving of money. Bernanke and the President didn’t reduce savings to zero. It’s not been profitable for the average citizen to save for well over a century.