Ben Bernanke has admitted that his monetary policy failed. Bernanke's appointment as Chairman of the Federal Reserve System ends January 31, 2014.
It is President Obama who is up for re-election in November 2012 and needs to act now. The timing couldn't be better. During the GOP debates, every Republican candidate said they would fire Bernanke.
The time is now for our voices to be heard in Washington, D.C. and across the country. Signers from all over the United States have told their stories of how the Fed's toxic zero percent interest on their savings has ruined their lives.
What we our looking for is a fair return on our hard-earned savings. The Bernanke "Zero Percent Rate Policy" has cost untold Americans 75% loss in the earnings from their retirement savings [AARP Magazine/February/March 2012 Bi-Monthly/Carla Fried/"The War On Savers"]. This loss does not even include the loss from our lifetime savings that we had had to take out just to get by. http://signon.org/sign/the-feds-zero-percent Please click on the link above and add your name! After you add your name, you may feel better that your voice has been heard.
I will deliver the "Petition For Fair Interest Rates On Our Savings" to Washington, D.C. out of my own Empty Pockets as I am a saver who is fed up with the banks and credit unions holding my savings hostage for their own use.