Savings

Would someone please tell me when it became a sin to save? I keep hearing these “experts” telling me to stop saving. How can I build for the future if I stop saving. There is a wonderful little book called “The 10% solution” by Marc Allen. Allen lays out a two part tithe to create a better world. Your first is to give 10% of your income to a charity. Give to a charity that you believe in. Your second 10% would be your saving for the future. By following this program the United States would become a better place. The final factor that needs to be done is the closure of the Federal Reserve. Allow the free market to determine money. Keep the government out of the money business for it is one kings and bankers manipulate. Bind the bankers to gold.

The monetary policy of the Federal Reserve artificially lowered interest rates to below market rates causing this debt bubble. If the free market would have been allowed to happen interest rates would have gone up encouraging people to save for the future. As the amount of savings increase interest rates drop. This drop in interest rates encourage business to borrow and invest in capital goods allowing the increase in production. This cycle is the free markets answer to the boom bust cycle.