patrick.net

Meanwhile, savers like myself are getting screwed. I remember when I could get 4% interest on a one year $25K CD.

jvolstad says

Meanwhile, savers like myself are getting screwed. I remember when I could get 4% interest on a one year $25K CD.

Why do you save?

The neo-keynesian bubble is going to pop eventually. Wealth disparity brought on by the government and the Fed will eventually reduce again during the next correction, no matter who of the two big one and the same parties you vote for. Savers will finally get a decent interest rate again once the global money printing implodes, but they may have to be in the right currencies or precious metals (at least diversified). The debt will likely not be repaid without partial default or massive printing ($18 trillion and counting).