I did! - Do You Realize That The Government Is Still Paying Banks Not To Lend…?

Just like the depression, funds are out of circulation!

Fear of the Government! We are CRAZY, and what is the definition of CRAZY?

» Do You Realize That The Government Is Still Paying Banks Not To Lend…? Alex Jones' Infowars: There's a war on for your mind!

Henry Blodget
Business Insider
Aug 18, 2011

One of the most outrageous “open secrets” of U.S. government policy these days is that the Federal Reserve is still paying big banks not to lend money.

And it’s doing that while screwing average Americans who have been responsible and lived within their means.

The Federal Reserve is quietly continuing with one of the many outrageous bank-bailout programs it initiated during the financial crisis–the one in which it pays big banks interest on their “excess reserves.”

What are “excess reserves”?

Money that the banks have but aren’t lending out–money that banks are just keeping on deposit at the Fed.

The Fed is paying banks 0.25% interest on this money.

0.25% interest may not sound like much, but it’s more than the banks are paying you to keep money in your savings or money-market account. It’s also more than you’ll earn if you lend the Federal government money for 2 years.

Oh, by the way, why, exactly, are you earning so little interest in your savings accounts and money-market funds?

Well, because, thanks to another one of its bank-bailout programs, the Fed is keeping short-term interest rates at zero.

In other words, the Fed is paying banks not to lend money and screwing you, ... [Read on at above link.]