“Central banks believe that reducing the cost of money will encourage and incentivize people and companies to BUY money. And when they BUY money, they will then spend the money which will create economic growth. This makes sense on paper and it is what universities, governments and Goldman Sachs have been telling everyone for over 30 years – therefore it MUST be true. But it isn’t .. But, if things really are getting better, why have central banks all over the world continued to lower interest rates? And worse still – why are many lowering interest rates straight through the illogical level of 0%? .. While central banks are hoping their 0% and now NEGATIVE% interest rates will stimulate a recovery; savers, and term deposit investors are hoping for something very different – a source of interest or income greater than 0% .. While central banks are hoping their 0% interest rate policies will encourage people and companies to buy money, they have simultaneously crushed the hopes of everyone who is selling money .. By creating 0% interest rates, central banks have thrown these savers to the wolves of wall street. And once savers enter the wolves’ den, only bad things can happen.”