Monday, July 21, 2014 7:48:03 PM
Actually, my analogy re savings accounts is accurate. Savings accounts do lose money on a daily and weekly basis. CPI non-core inflation is raping the savings account value of savers. Compare food and gas today to the past. 1/2 to 3/4% taxable savings account interest is a daily loser to inflation and taxes. Few people realize that those who played by the rules and saved during their lives have had their life savings stolen by the fed's zero interest policy.
So be it.
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