[sickoflibs]

RE “Has the Fed become a part of the government all of a sudden?”

You notice that? That is Schiff’s claim that it is and creates inflationary bubbles by printing money/super low savings interest rates to stimulate the economy. Even at the peak of the bubble savings account rates were 2-3% but ING could get 5%. Now it is zero, of course people are saving right now so you don't need high interest rates

[Cheetahcat]

“You notice that? That is Schiff’s claim that it is and creates inflationary bubbles by printing money/super low savings interest rates to stimulate the economy. Even at the peak of the bubble savings account rates were 2-3% but ING could get 5%. Now it is zero, of course people are saving right now so you don’t need high interest rates”

Thank you, I am getting a much better picture now.