Loading ...Its too late now anyway. Things are rotating out of necessity on their own.
Re Schwab, and rates? I think he’s wrong. Savers have ALWAYS been punished by gov’t/fed policy for decades anyway. Note, inflation and taxes on the old 5% interest rates came to not much gain anyway.
Thanks to decades of printing too much money, and GENEROUSLY paid gov’t employees, gov’t vendors and their employees, and labor unions in construction and road building etc etc? And Wall Street employees???
I think there are excessive numbers of people earning excessive salaries FAR bigger than needed, and constantly BANKING the excess funds in CDs, money market accounts, or bonds. If the money floods in, faster than being loaned out, you get low rates. Who needs all that money??
Millions of people die all the time and leave behind TONS and TONS of unspent easy money. Forget interest payments. In time TPTB will just have to just GIVE more people more money like they already do.
The TPTB have created millions and millions of artificial jobs, paying people for unneeded chores. The EPA, the Department of environmental conservation, the “check engine light” employees etc etc.
We have traffic lights around here that mail $80 tickets to your home if your front tire does not stop moving even one inch on a right turn of red. Or if you go thru a school zone at 20 mph.
Way too many useless unneeded worthless people getting paid to do things we don’t need that annoy people. Its far better with this fake manipulated communist system we have, to just give everyone enough money to live, rather than have them annoy us too. 🙂
I read about Switzerland considering giving people $32,000 each.