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IPFS News Link • Currencies

The Real Value Of Cash

• zerohedge.com by Lance Roberts

Over the past several years, the Federal Reserve has forced interest rates lower in an all-out assault on "cash."

The theory was simple. Make returns on "cash" so low it is forced out of savings account and into risk assets. 

It worked.

But here is the problem.

While the ongoing interventions by the Federal Reserve have certainly boosted asset prices higher, the only real accomplishment has been a widening of the wealth gap between the top 10% of individuals that have dollars invested in the financial markets and everyone else. This was shown by the Fed's most recent consumer survey.


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