Debt Forcing NIRP
Janet Yellon, along with other central bankers, know that there is too much debt and only ZIRP or NIRP can keep the economic ponzi scheme afloat. This is why Janet Yellen is openly considering negative interest rates.
Despite the supposed economic recovery, the American public has been hurting for quite some time. According to a new study, most Americans are incredibly unprepared to face even small-scale financial emergencies. In fact, almost 62% of Americans have less than $1,000 in savings. Now, imagine another 2008, or even worse.
The Affordable Care Act, also known here as Obamawreck, has seen premiums, for some, rise four times as much and now they are $19,000 a year. So, with 51% of all workers making less than $30,000 a year, this is not good.
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