[Alberta's Child]

OK, but you don't really have any right to have an expectation of high interest rates for your savings. When you save money you are basically a lender. If nobody is out there clamoring to borrow your money, then you aren't going to get much interest on it.

In any environment (high-interest or low-interest), there are always some people who will do well and others who will not. This doesn't mean that anyone is being "screwed."

[grania]

You're economic theory would work just fine if the Fed didn't continually provide bogus money and increase the debt instead of paying interest to savers for borrowing their accumulated savings.

Doesn't it bother you just a little that the bankers and others who created the financial mess keep getting their six-figure salaries and bonuses while average folk get NOTHING?

[CodeToad]

“If nobody is out there clamoring to borrow your money, then you aren’t going to get much interest on it. “

The problem is the government (the Fed) has become the source of lending instead of savings account holders. They can generate billions on command while your savings are trivial in comparison.