And all of that wealth was stolen from others who were innocent and given to those who were not. For instance, It was stolen from all the saving accounts of everyone. If Granny had a mere 80,000 dollars in savings then Granny has lost 15,000 to 20,000 dollars in interest by now. All of that money was transferred to others who caused the mess in the first place. Meanwhile the price of everything that Granny buys has gone up considerably.
Well I guess I am Granny and getting absolutely nothing in terms of interest. Since it is ‘catastrope’ money for us anyway really (we have guaranteed income) I have started spending some of it. Paid off daughter’s respiratory therapy school, just bought a new sofa for the living room and am going to have granite put in the kitchen.
I also am looking at giving our boat to charity and purchasing another one.
Can’t take it with me and can’t gain much by having it in the bank so........
That is exactly true.