Navarro Is Wrong On Low Interest Rates

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owtw

Member
Feb 13, 2021
35
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Having zero or even the 1-1.5% interest rates that was discussed the other day is great for the politicians kicking the can down the road on policy, the globalist banks and the 1%. But not for America 1st policy.

Because it's bad for the working and middle class savings and investment. It sounds great to say people can buy houses and cars with low interest rates,

But people were buying houses and cars when interest rates were higher and encouraging savings and investment. When the middle and working class still had decent opportunities and wages.

The solution since The Great Financial crisis has been zero interest rates. We see how that's working out for the past 12 years. There are still millions of underemployed and have been since The Great Financial Crisis. These are people who are working part-time and want full-time work but can't get it or who are highly skilled but are in low-skill or low paying jobs.

Once corporations lay people off, they are not so quick to hire them back. "Never let a good crisis go to waste" is great for corporate America so they can cut expenses for the bottom line.

History tells us that US average annual interest rate is 4.3%. And that's going back to 1950. (Source: https://fred.stlouisfed.org/series/INTDSRUSM193N#0)

When President Andrew Jackson paid off the national debt in 1835, interest rates were 4%. (Source: https://advisor.visualcapitalist.com/us-interest-rates/)

Right now savings accounts are earning close to ZERO percent. While the 1% who have most of their money tied to the stock market make billions as the Fed pumps up the stock market by printing trillions of dollars. The globalist billionaires reap the benefits of cheap credit.

Here's a chart of the Fed's monetary base and the S&P 500 over the past ten years... (indexed to 100 for comparison)

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