Of course, it’s the Fed that got America in this jam with fractional banking (banks loan out $10 for every $1 deposited) and fiat money policy (prints money at the whim of the government). Bank depositors today are paid about 2.6% interest while the stated rate of inflation is about double that figure. The actual rate of inflation is much higher still. Imagine, the consumer price index (an estimation of the cost of purchase of a basket of goods) does not include food or energy costs! Many sources estimate the actual inflation rate to be 11–12%. You are losing money just to give bankers an opportunity to use your funds. Given these figures, a $10,000 bank deposit loses, after interest is paid, about $840 a year in buying power. Just look at the dismal record of the Federal Reserve in preserving the value of the U.S. dollar. A rise in the consumer price index reflects a decline in the purchasing power of the dollar. This is just another form of quiet thievery of your money out the backdoor of the bank.