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Big Island The Island of Hawaii
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Old 05-19-2014, 03:22 PM
 
Location: Kahala
12,120 posts, read 17,914,289 times
Reputation: 6176

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Quote:
Originally Posted by KaraBenNemsi View Post
I like deflation. Because our family saves money and used to make chunk of income from when interest was 5% or more.
I think you are confusing things - inflation, which we don't have much of today, actually increases interest paid to savers.

The reason savings accounts don't get much interest is that for the past 10 years inflation has been so low.

Deflation is actually devastating to an economy.
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Old 05-19-2014, 04:23 PM
 
Location: Maui, Hawaii
749 posts, read 852,959 times
Reputation: 1567
Quote:
Originally Posted by whtviper1 View Post
I think you are confusing things - inflation, which we don't have much of today, actually increases interest paid to savers.

The reason savings accounts don't get much interest is that for the past 10 years inflation has been so low.

Deflation is actually devastating to an economy.


Yeah that is when you start buying up Bitcoins, gold and find a cave to hide in untill the riots end!!!

Oh, the gift, just ask what they would like, no telling what they may be missing and yearning for from the mainland - besides your company that is.
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Old 05-19-2014, 05:52 PM
 
Location: Na'alehu Hawaii/Buena Vista Colorado
5,528 posts, read 12,672,056 times
Reputation: 6198
Quote:
Originally Posted by tdr22 View Post
Yeah that is when you start buying up Bitcoins, gold and find a cave to hide in untill the riots end!!!

Oh, the gift, just ask what they would like, no telling what they may be missing and yearning for from the mainland - besides your company that is.
Thanks for getting this thread back on track!
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