What the Latest Fed Policy Means for Your Money

The state of the economy relative to individuals' savings is not as simple as save more, work longer...especially if you are 82. I am amazed by these types of laughable spins. For real financial crisis comedy, you might want to see this:

Who's Afraid of the Big Bad Bank?: An Uncensored Investigation of the U.S. Federal Reserve (Part 1 of an 8-Part Episode)

This is geared towards a broad audience--trying to ease folks into economics with humor, but there are good introductory interviews after the silly stuff, and then the upcoming segments on derivatives, fractional lending, leveraged buyouts, and federal reserve functions really get deep into the technical stuff...

http://www.youtube.com/baitandswitchtv#p/u/0/_M_Rh_fgKEQ

Lee McD of CA 1:11PM August 15, 2011