Savers Bail out the US Government, Get No Thanks

This article in ZeroHedge :  http://www.zerohedge.com/news/2013-07-17/savers-and-real-108-trillion-cost-zirp should confirm the heat under your collar if you (attempt to) save in this central-bank-planned economy.

It's no secret Uncle Sam spends WAY BEYOND our collective means (for our benefit, right?) year after year and has piled up a super-impressive growing national regret of debt that is fast approaching $20T Trillion dolores.  Ben Bernanke just said this week in testimony to Congress that if he slowed down printing money ("not literally") the "economy would tank".  Oh, "tank" is an arcane econometric term meaning in the crapper, for the rest of us.

Since Uncle Sammie can't possibly afford to pay ANY interest on the swelling national regret, his handler, Bro Ben and the Federal Reserve (hey, that's a catchy band name!), has held rates at about zero for years with a snazzy policy vehicle called the ZIRP (zero interest rate policy).  It doesn't take much power of observation to see that your savings or money market accounts are getting zip nada as long as you ride the ZIRP.  In total, it's calculated that over the years the ZIRP has taken over $10T Trillion dolores out of the pockets of savers.  A lot of that is money that USG would have had to pay us savers if there were freely functioning exchange and securities markets.

Now I don't recall that any politicians ever asked the millions of savers if they would mind floating an extra bunch of irresponsible overspending, or bailing out the TBTF Banksters with all the niceties including record bonuses etc.  I don't recall that anything has been offered as a make-good down the road, you know, like some kind of savings bond where we get ZIRP for the first five years and then SIRP (some interest rate policy) for the next five to recognize our sacrifice to the coffers of the Reckless and Endangering.

There should be a Tomb to the Unknown Saver after all the ashes of Great(er) Depression II have blown away.  Somehow I doubt that will happen, but don't lose heart; there will be plenty of statues and BUSTS of the Central Banking Hero of All Time, Bro Ben.   I hear they are a great investment already.