The Federal Reserve Dictatorship Runs Amok Against Savers
If you are a saver in a money market account or in a bank, you’ve already noticed your dwindling interest income as interest rates have been at their lowest in modern American history. Well, brace yourself. Your saving account has just become little more than a lock box, thanks to the supreme dictatorship of the Federal Reserve.
On Sunday, March 15, the Federal Reserve announced that it would cut interest rates to “near zero.”
