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Our Fed and Your Money; A Bad Combination:

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Thus, the motto of the Fed; "Saving too much money? Retirement account growing too large? Feeling far too financially sound? We are the Fed and we can help prevent further occurrences of these terrible symptoms. We have lowered rates to the point that your savings are nearly worthless and borrowing money plainly makes good economic sense."

Lowering interest rates to a level where interest on savings is less than current inflation, forces savers to try and preserve their wealth by moving money out of savings and into the more risky area of the stock market. Doing so preserves wealth; wealth that is, for the fat cats on Wall and the investment bankers who have your best interests at heart.

If this sounds like a game that you can't win; it is. But I remind you that the masses can change the game, it says so in the rules. Those rules are called the United States Constitution. There isn't anything wrong with the rules, it's the players who need redressing.

Wake up Middle America, you're being dealt out of the game.

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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 
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