End The Fed and outlaw fractional reserves lending. They won't stop robbing you until you do something about it.
Fed policies have cost savers $470 billion: Report
The Federal Reserve's efforts to stimulate the U.S. economy after the financial crisis ended up costing savers nearly half a trillion dollars in interest income, according to report released Thursday. Since the central bank dropped interest rates to near zero at the end of 2008, savers have labored under plain-vanilla bank accounts and money market funds that have yielded close to nothing. Critics have long said the Fed's quantitative easing efforts have boosted asset prices, particularly in the stock market, but exacted severe costs across other parts of the economy. In a landmark report, Swiss Re quantifies just ... (full story)