FaninAma
2/22/2013, 12:57 PM
http://www.infowars.com/the-federal-reserve-is-systematically-destroying-social-security-and-the-retirement-plans-of-millions-of-americans/
I wonder why this is flying under the media's radar?
The following is one example (http://www.statesman.com/business/personal-finance/low-rates-great-for-spenders-terrible-for-savers-2412529.html?printArticle=y) of how the low interest rate policies of the Fed have completely devastated the retirement plans of many elderly Americans….
You can understand the impact of the invisible tax on the elderly by watching the decline of interest income from $50,000 invested in a five-year Treasury obligation. As recently as 2000, this would have yielded about 6.15 percent and an interest income of $3,075 a year. Now the same obligation is yielding 0.7 percent and an interest income of $350 a year. This is the lowest yield on this maturity of Treasury debt since the Federal Reserve started keeping an index of the yields in 1953.
But it’s more than a low interest rate. It’s an income decline of nearly 89 percent in just 12 years.
I wonder why this is flying under the media's radar?
The following is one example (http://www.statesman.com/business/personal-finance/low-rates-great-for-spenders-terrible-for-savers-2412529.html?printArticle=y) of how the low interest rate policies of the Fed have completely devastated the retirement plans of many elderly Americans….
You can understand the impact of the invisible tax on the elderly by watching the decline of interest income from $50,000 invested in a five-year Treasury obligation. As recently as 2000, this would have yielded about 6.15 percent and an interest income of $3,075 a year. Now the same obligation is yielding 0.7 percent and an interest income of $350 a year. This is the lowest yield on this maturity of Treasury debt since the Federal Reserve started keeping an index of the yields in 1953.
But it’s more than a low interest rate. It’s an income decline of nearly 89 percent in just 12 years.