OUR OWN GOVERNMENT IS TAKING FOOD OUT OF SENIORS MOUTHS!

Why Savings Are Suffering: Fed QE3 Policy Costs Seniors

Nov 20, 2012 11:18 am

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Introduction With U.S. and global growth slowing, Federal Reserve chairman Ben Bernanke is pumping more money into the banking system in an attempt to rescue the economy. This has lowered interest rates, reducing the return from savings. Seniors are particularly hard-hit, because 10 percent of their income comes from interest on savings. If interest rates [...]

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