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originally posted by: eXia7
originally posted by: 38181
a reply to: JAGStorm
So what you are saying is there is another 2005-09 coming?
I remember people walking from their underwater mortgages when their next door neighbors houses were bought 100-150k less.
I feel a housing cost correction is imminent. Maybe 2 more years.
I was trying to save the better part of my life. All I can say to you is loan me a million from your investment profits. We are all playing in a crooked stacked deck, don't you know that?
originally posted by: JAGStorm
originally posted by: CharlesT
There are downsides to this position. Every retired senior was depending on this interest to carry them through their retirement. Keeping rates artificially low only benefits bankers and businesses but takes money out of the real economy and citizens that drive commerce. Savers deserve some profit from their lifelong savings but this kind of mentality robs them of this deserved benefit.
If savers haven't realized by now that they will not see large enough interest gains from regular savings, I don't know what to say. They have to play the game like everyone else.
originally posted by: dfnj2015
originally posted by: JAGStorm
Trump demands Fed to cut interest rates to zero 'or less' Javier E. David 3 hours ago Reactions Reblog on Tumblr Share Tweet Email President Donald Trump on Wednesday called for the Federal Reserve to engineer interest rates to zero “or less,” in a new appeal for negative yields that he believes would help the U.S. curb its borrowing costs and stimulate growth
Wow!! wow, wow... I really don't think this is a good thing, not long term and not for most Americans. What is the point of saving any money some will ask... If anyone wants to know how to make a bubble this is the first ingredient...
I ask a simple question, would you rather have a mortgage of 100K with an interest of 8% or a mortgage of 500K with an interest of 1%
Too many Americans don't see this. This is literally how black and white it is.
What we really need is interest free money:
They monetary system create perpetual debt by design. Productivity increase 100 times over and still everyone is in debit. It's absolute ludicrous to think we are not capable of producing enough products and services to meet ALL our needs. Scarcity and poverty are purposely put into the system to preserve power and privilege. You can't have slaves if people have freedom.
originally posted by: Zanti Misfit
a reply to: dawnstar
So you just see that in Black and White ? Replacing one Tyranny with Another ? Private Banks are Not Elected Government Officials , WE The People have No Say in How they Run Our Country through our Monetary System , but We Do have a Voice in How Any State or Federal Governments Do . END The FED Already , it has Proven itself to be a Form of Economic Slavery for Over 100 Years Now .