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The current 5 year CD rate is 0.87%, while the official inflation rate is 2.24%, probably higher. The government is stealing from savers and the elderly to fund their out of control spending.
posted ago by tedandlisa123 ago by tedandlisa123 +178 / -0

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– paradox123 2 points ago +2 / -0

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.

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