The story continues and is the same. Money has to come from somewhere so "shaft the savers" (but keep touting to save) and entice young spenders to buy, buy, buy. Give'em the free money you just stole from the savers. Don't pay any interest on the $250,000 the retiree has in the bank. He's old and can get by on beans. The young guy needs a new convert and look at the profit we will get. No one will challenge Greenspan or Bernanke since the 'take' is free.
The Bond Investor's Dilemma [View article]