Fed Refuses To Remove Its 100% Tax On Savers

Friday, May 9, 2014

The 5-year Fed wealth redistribution gambit has made savers poorer. It’s time to rectify this abnormal and unfair scheme.

Under new management, the Federal Reserve nevertheless continues its non-reality show.  Only now they’re inventing reasons not to let savers have their due. Fed head Yellen just cited the old, now non-existent, “problems” of low inflation, housing doldrums and too-high unemployment.

How the Fed’s medicine is adversely affecting the U.S. financial system…

This article is published on Forbes.com


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