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Issue Position: Interest Rate Manipulation

Issue Position

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Over the past few years the Federal Reserve has intervened in the markets to keep interest rates artificially low by loaning money to commercial banks at zero percent interest. These "interest free" loans are supposedly issued to stimulate the economy, the real goal is to prevent the Treasury Bond Fund interest rates low in attempt to contol interest payments on the National Debt. An unintended consequence of this activity is the suppression of interest rates in the private sector. Careful savers including retirees, who in the past could rely on their savings returning a modest two or three percent in interest income, today find their savings accounts earning less than one percent.


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