Bank interest rates are never coming back because they now borrow their guaranteed money from the Fed. If the loan goes bad the government (we) pay for it. What bank is ever going to go back to the old ways?
Inflation is screwing us badly right now. The governments inflation figures are bogus. Food inflation is terrible so even peanut butter and jelly is vastly more expensive.
I have no choice but to have some investments still at risk or inflation will take everything.
and there u have it!!!....until the fed quits feeding the beasts
I have warned people for years, the only safe or wise investments are commodities. People have to eat, stay warm and have shelter. You can still make money if you provide any of those things.
The government will not admit that they caused this on purpose to steal from those who had enough to save. The Government redistribution is simply a means of Leftist to steal from the “rich” and give to the poor. Their idea is have everybody in the same boat and all dependent on the government for sustenance.
Some people spent all their money just like the grasshopper wasted all his time. When the winter comes, and it will come soon, the savers will have to save all the grasshoppers who wasted their money on fun.
I have said it is wise to have precious metals squirreled away, I believe it more than ever now.
Silver is cheap right now, stock up.