If you save anything in modern America, you are an utter fool. The Federal Reserve has kept its key interest rate at near zero (0) for 2,417 consecutive days in an attempt to keep the U.S. economy appearing to be afloat. See here.
Savers are being punished severely. If you keep any money in a bank (or elsewhere), it is steadily losing value.
Central banking allows governments worldwide to give the appearance that they are providing benefits and services above the burden of taxation. Just as a poor person can temporarily appear to be wealthy by going into debt and driving a new sports car, a government can go deeply into debt and print mountains of currency to prop up appearances of financial solvency or stability. Stupid welfare or entitlement programs can appear to be “a deal”–at least for a while.
