advertisement

No reason to keep bank interest at zero

I am thoroughly disgusted with the Fed, Janet Yellen, the banks and this administration for using "the economy, Stupid!" as a reason to withhold bank interest on bank savings accounts for eight long years at 0 percent, after 400 years of hovering at five percent or thereabouts as planned by our Founding Fathers for our banking system.

It was a dependable return, and the policy allowed our country to flourish when American "truly was a great place to be." Donald Trump promises to restore America to those days.

Instead, this change to no interest by this administration in 2009 was just one of the various methods to destroy the Middle Class, lead to a struggling economy and keep it that way … carefully planned.

The loss of that interest for millions of Middle Class citizens could be compared with sweating the losses on the stock market for the wealthy except there is no escape and affects everyone, not only by the lack of protection of savings accounts and trusts, but the banks themselves who gradually lose it all, along with their customers, even now a skeleton crew of employees, and eventually go out of business.

It makes no sense. For what purpose, I must ask?

And the answer?

It certainly helps ready the scene for Muslim/sharia law. If you do not know what that entails, I beg of you to find out quickly, and stop it in its tracks.

Doris M. Stephen

Naperville