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News How Uncle Sam is killing your savings

How Uncle Sam is killing your savings

Submitted by Lighthouse | 1 month ago

CNN Money - What do the record-high Wall Street bonuses have in common with the record-low yields for savers?
Answer: They show yet another way that prudent people, especially those living on fixed incomes, are being screwed by the government's bailout of the imprudent.

Here's the deal. The government is spending trillions to keep interest rates down in order to support the economy and prop up housing prices, and those low rates have inflicted collateral

Tags: media, finance

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