The idea behind keeping interest rates near zero is to force everyone into the stock market. (Gains are below inflation from savings accounts, CDs, and most other interest-based investments.)
So now we have people who are already near retirement or already in retirement who have a lot of their assets exposed to massive potential losses. Ditto for a lot of pension funds.
One big market crash involving a lot of shorting by the big investors will result in a huge transfer of wealth from the middle class folks who sacrificed and saved for retirement and folks who rely on pensions to the big investors.
Grandma and Grandpa may have to live off ramen and dog food in retirement, but the big investors can buy another vacation house and yacht, so it's all cool, right?
You need to understand that the FIAT currency without printing is deflationary, because it is a loan that should have interest.
Currently it does not have them but they also charge you with the inflation that they generate by sharing your stolen money to invest and keep the profits.
If they go bankrupt or the economy slows down they steal (print) more.
low rates? If your mortgage is above 4%, refinance that sucker (you should be paying extra towards the principal anyway to pay it off early, but refinancing still reduces your payments enough to more than offset the refi closing costs.)
same with any >60 month loans with an interest rate above 3.5%
You should only be saving just enough cash to pay for 6-12 months' worth of expenses. It should not be considered an investment vehicle.
The best (and most stable) savings vehicle right now is in physical precious metals: gold and silver specifically. You want this because you can keep it in a safe at home, and it won't be confiscated (w/o a warrant) by government agency or by negative interest rates.
Crypto is still in the Dutch Tulip Bulb phase, and is too unstable to be considered useful (yet). Dabble in it at your own risk.
The idea behind keeping interest rates near zero is to force everyone into the stock market. (Gains are below inflation from savings accounts, CDs, and most other interest-based investments.)
So now we have people who are already near retirement or already in retirement who have a lot of their assets exposed to massive potential losses. Ditto for a lot of pension funds.
One big market crash involving a lot of shorting by the big investors will result in a huge transfer of wealth from the middle class folks who sacrificed and saved for retirement and folks who rely on pensions to the big investors.
Grandma and Grandpa may have to live off ramen and dog food in retirement, but the big investors can buy another vacation house and yacht, so it's all cool, right?
When is it going to hit?
Our nation is built on inflation. You have been robbed by the hidden tax of inflation since before you brought into existence
You need to understand that the FIAT currency without printing is deflationary, because it is a loan that should have interest.
Currently it does not have them but they also charge you with the inflation that they generate by sharing your stolen money to invest and keep the profits.
If they go bankrupt or the economy slows down they steal (print) more.
Buy crypto.
low rates? If your mortgage is above 4%, refinance that sucker (you should be paying extra towards the principal anyway to pay it off early, but refinancing still reduces your payments enough to more than offset the refi closing costs.)
same with any >60 month loans with an interest rate above 3.5%
You should only be saving just enough cash to pay for 6-12 months' worth of expenses. It should not be considered an investment vehicle.
The best (and most stable) savings vehicle right now is in physical precious metals: gold and silver specifically. You want this because you can keep it in a safe at home, and it won't be confiscated (w/o a warrant) by government agency or by negative interest rates.
Crypto is still in the Dutch Tulip Bulb phase, and is too unstable to be considered useful (yet). Dabble in it at your own risk.
For about 15 years now.