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While I have to agree with you, how hard would it be to try to turn the tables. If people are drowning in a rushing river they don't swim against the current to the shore, they swim with the current to the shore. The sadness is a lot of people making money like to keep people in with their heads just barely above water. Raising and lowing the interest rates are like raising and lowing the water level and/or slowing or speeding the current, yea it might help some that are struggling but your not fixing problems. Then on the other end, you have allot of people that can't swim that well getting in the deep end, like they want to drown. My take on life is I try not to get in the water, if I do have to, I go to the end shallow where the current isn't strong. Live within your means.
Do you understand that an increase in interest rates would generate more profits for the banks? I doubt it.
Do you understand the difference between banks and "rich" bankers? Bankers are employees. Banks are owned by the stockholders. I am a partial owner because I own stocks in financial institutions and banks. If you feel there is some special sort of underhanded conspiracy promoting the banking industry perhaps you should invest.
Do you understand that the Fed has little control or effect on many interest rates including CD rates, savings account rates, mortgage rates and bond yields? These are set by supply and demand and a host of other factors.
Do you understand the Fed is not able to ignore the global economy and global financial systems? We live in a global economy where borrowing and lending is done internationally. The Fed has to work within that system.
I am sure you are well intended but you have jumped to conclusions that are not based on facts or any sort of understanding of economics. I believe Mathjak gave you excellent advice. He advised to not fixate on issues you do not understand and cannot control. Successful people ignore the complaints and negatives and instead act in a positive manner. They spend their efforts on what they can change.
Do you understand that an increase in interest rates would generate more profits for the banks? I doubt it.
Do you understand the difference between banks and "rich" bankers? Bankers are employees. Banks are owned by the stockholders. I am a partial owner because I own stocks in financial institutions and banks. If you feel there is some special sort of underhanded conspiracy promoting the banking industry perhaps you should invest.
Do you understand that the Fed has little control or effect on many interest rates including CD rates, savings account rates, mortgage rates and bond yields? These are set by supply and demand and a host of other factors.
Do you understand the Fed is not able to ignore the global economy and global financial systems? We live in a global economy where borrowing and lending is done internationally. The Fed has to work within that system.
I am sure you are well intended but you have jumped to conclusions that are not based on facts or any sort of understanding of economics. I believe Mathjak gave you excellent advice. He advised to not fixate on issues you do not understand and cannot control. Successful people ignore the complaints and negatives and instead act in a positive manner. They spend their efforts on what they can change.
I think you are the one who doesn't understand anything. G4N reasoning and understanding is good.
Really, and who says that, you who just on the other thread is trying to discredit Bill Gross by posting all those links. Why, because you can't accept the TRUTH.
How hard is for some of you Fed Cheerleaders and status quo, socialist supporters to admit that the Fed is manipulating our markets and killing Capitalism?
While I have to agree with you, how hard would it be to try to turn the tables. If people are drowning in a rushing river they don't swim against the current to the shore, they swim with the current to the shore. The sadness is a lot of people making money like to keep people in with their heads just barely above water. Raising and lowing the interest rates are like raising and lowing the water level and/or slowing or speeding the current, yea it might help some that are struggling but your not fixing problems. Then on the other end, you have allot of people that can't swim that well getting in the deep end, like they want to drown. My take on life is I try not to get in the water, if I do have to, I go to the end shallow where the current isn't strong. Live within your means.
know whats wrong with your example? most people can learn to swim across the river, it is more technique than anything else. the reason people do poorly financially is because they whine and dont bother to learn the right techniques to manage money. sure you can stay in the shallows, but really, it isnt any more risky to just swim across if you know how
How hard is for some of you Fed Cheerleaders and status quo, socialist supporters to admit that the Fed is manipulating our markets and killing Capitalism?
Really, and who says that, you who just on the other thread is trying to discredit Bill Gross by posting all those links. Why, because you can't accept the TRUTH.
How hard is for some of you Fed Cheerleaders and status quo, socialist supporters to admit that the Fed is manipulating our markets and killing Capitalism?
Everything he said was accurate. If you want to talk about your feelings we can do that too but we aren't discussing feelings.
The links don't discredit Gross anymore than your links provide his opinion as facts
Common you guys, don't you see that the *** is up. The Fed is destroying Capitalism, destroying our economy, destroying America.
Even some very smart people like Carl Ichan can't remain quite and are openly taking about it.
Bill Gross just today said what everyone knows, the Fed has been manipulating markets and destroying Capitalism, destroying our kids future, destroying America!!!
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