Used to be that the interest you earned was because the banks were basically borrowing money from you to invest.
Now that they’ve discovered that they can simply print an unlimited supply of money to invest, why should they pay you squat for the paltry couple of K you have in the bank?
Absolutely.
Another lateset twist/tyranny is that now according to Bernanke they will NOT disclose by how much they are increasing the money supply.
Greenspan doubled the money supply 2000-2006, and then Bernanke doubled that.
They don’t appreciate that commoners can do the math and give them hard time about it.
So now it is none of our business.
Most people don’t hear these things or understands them as media also belongs to them. Why would they bother to highlight important issues, when a new Kardashian Sister is ready to model?