How Artificially Low Interest Rates Destroy The Primary Pillars Of The American Economy

Surprisingly enough, Blackrock’s CEO takes quite an honest look at the FED and today’s artificially low interest rate environment. He holds no punches as he clearly explains how the FED is destroying not only the savers, but the very foundation of our economy.

Central banks do not understand “the huge pain” low interest rates are causing to the long-term interests of insurance companies, pension funds and retirement plans

Anyway, take a look at the video below. It is definitely worth 3 minutes of your time.