ZIRP is doing it! It is not the "savings" of the wealthy that is doing it. It is what amounts to "printing" of bank reserves.
The money the Fed printed ended up in the 1%'s hands soon enough. The Fed bought the trillions of bonds, and government ran colossal deficits courtesy of the Fed being the extra buyer, and all these trillions were spent into the private economy and eventually hoovered up by the "savers" aka rich, people who have the generational money of interest earning interest earning interest for them.
Interest never sleeps.
The Feds borrowed $2T/yr during the crash! Inconceivable!
I don't belong to the Fed cult so we will disagree on this one too. The Fed controls exactly 1 rate which is almost never used.
What the Fed also did was stick-save asset prices and corporate profits 5-6 years ago.
Without that we'd be in 1936 now and asset value would be 10% of what they are now, everyone would be BK'd and overall the rich would own less in some areas (their debt and corporate equities) and more in others (real estate and other hard assets).
> then with the Japanese ambassadors begging for peace being turned away by FDR,
The Japanese sent their second negotiator to the US in mid-November, about when the Japanese First Air Fleet began staging to Hokkaido in preparation for their late November sortie to Pearl Harbor.
The Japanese did not want "peace" in 1941 -- after all, Kurusu had been sent to DC by the new Prime Minister, Army General Tojo -- they wanted to continue their war in China, forcing CKS's surrender and the total subjugation of China as a client state in the Japanese New Economic Order, their East Asian Co-Prosperity Sphere.
With Hitler's tanks having overrun all of Europe and looking to be in Red Square before winter, French Indochina and the Dutch East Indies were glittering prizes free for the taking -- but for the American interference in Japan's affairs here.