Monday, January 30, 2012
USA Extended Zero Interest Rate Policy To 2014
Money is now practicably free ( I mean in USA here).
For example, you could loan money to the government for five years and get a miserly yield of 0.73% in return. That's less than inflation, which means that you are actually losing money.
TIPS — those financial instruments that protect you from inflation — are actually returning a negative yield.
This is killing the greenback!