Our bureaucrats and legislators in Washington, who cannot truly get us out of a recession, and are in fact getting us mired into a deeper depression, are now advising us about reducing financial risk.
But what is risk? Not having enough federal watchdogs in Washington? Buying securities in a depression? Buying a hedge-type security, while selling short its derivative?
Or our government spending sums it won’t be able to pay back without cheapening the dollar?
Has anyone in Washington truly decided what true risk actually is? Apart from a politician having to tell the truth about legislation being proposed?
When the administration carries on about risky investments and it seems no one there is qualified to really understand the term, it’s time to hold on to your pocketbooks.
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