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by baconandeggs 2162 days ago
> I don't understand what this means. Aren't the victims you are imagining the hypothetical people who have large amounts of money in checking, savings, or literally under their mattress? And maybe this is ignorant, but I really didn't think that was a significant segment of the population.

Yes, they are the victims. They are not a significant segment of the population any more because of the current monetary policy focused on perpetuating artificial demand. Interest rates near 0, constant inflation, and maybe even assets hyperinflation have contributed to decimate not only savings but savers. Now you are a fool if you keep any considerable amount of money in the bank beyond living expenses. This did not use to be the case.