You Are Not Supposed To Know This.... My Bad.. By Gregory Mannarino
So American citizens are being robbed blind on their interest earning accounts because of artificially suppressed rates meanwhile, according to the Fed., Americans now pay their banks an average 16.9% interest on credit cards — the highest level ever on average... and this is how banks are reaping windfall profits... This will get even worse if we get a rate cut... Oh, sorry, you are not supposed to know this... my bad.....
Negative real interest rates.
Savers are the biggest losers.
What a way to destroy the economy.
We are living in a world that runs off the rules found in the game Monopoly
Rob from the poor and give to the richer.