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Old 03-16-2016, 03:22 PM
 
4,873 posts, read 3,578,940 times
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Quote:
Originally Posted by andywire View Post
Money is not a necessity. Food, water, perhaps shelter... Those are necessities. Thankfully, America is a prosperous nation with plenty for all who contribute and work hard to make this nation great. If we allow the banksters to complete corrupt this nation, and we completely sell out the means to sustain our standard of living, look out below. Life is going to suck for almost everyone in this country. Those at the top would not be immune. Merely possessing wealth will become something of a liability.

See where Russia is today? That's pretty much where we are headed. Have fun.
If money isn't necessary then neither are higher interest rates on savings, so what're you worried about?
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Old 03-16-2016, 03:42 PM
 
Location: Metro Detroit, Michigan
29,670 posts, read 24,714,844 times
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Quote:
Originally Posted by FrankMiller View Post
If money isn't necessary then neither are higher interest rates on savings, so what're you worried about?
Because I enjoy the things that money buys just as much as everyone else.

I could do without all the manipulation, corruption and coercion that exists in our system though.
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Old 03-16-2016, 03:43 PM
 
4,873 posts, read 3,578,940 times
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Quote:
Originally Posted by andywire View Post
Because I enjoy the things that money buys just as much as everyone else.

I could do without all the manipulation, corruption and coercion that exists in our system though.
That's great, but what does it have to do with the choice of interest rate?
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Old 03-16-2016, 03:46 PM
 
Location: SoCal
20,160 posts, read 12,682,624 times
Reputation: 16993
I didn't expect a rate raise this March.
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Old 03-16-2016, 03:46 PM
 
Location: La Mesa Aka The Table
9,794 posts, read 11,464,014 times
Reputation: 11870
I Blame Obama for this
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Old 03-16-2016, 03:48 PM
 
105,987 posts, read 107,954,552 times
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and cancer and global warming .
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Old 03-16-2016, 03:50 PM
 
7,264 posts, read 4,177,930 times
Reputation: 5463
Quote:
i got to hand to you amateur economist wannabees , you guys are nuts .
other way around buddy. ultra low interest rates are not provided at no cost to you or anyone else... it's flim-flam, bait and switch, look over there, stab you in the back economics. the fed has lost credibility and the market will take rates up without them. the business cycle always wins.

Quote:
have a nice life without money . let us know how that works out for you
money or currency? what is money? tell us sage economist...
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Old 03-16-2016, 03:50 PM
 
4,231 posts, read 3,535,984 times
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Mathjak for the FED chair!!!
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Old 03-16-2016, 04:00 PM
 
105,987 posts, read 107,954,552 times
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not me . i don't claim to be an economist nor be able to fix a thing . unlike most of the posters here .

i play the cards i am dealt to make a better life regardless of what they are .
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Old 03-16-2016, 04:03 PM
 
Location: Jamestown, NY
7,840 posts, read 9,155,209 times
Reputation: 13779
Quote:
Originally Posted by andywire View Post
Economics is not a hard science. It is a man made illusion based entirely on theories of select schools of thought.

Central bankers and politicians are laughing at people like you, and rightfully so.




Banks have to make money too. Even when they can't.
Maybe you should get your economic theories from people who don't wear tin-foil hats with their antennae askew. Whenever posters start with the "central bankers and politicians" bull manure, it's a sure sign that's who their "heroes" are: the nutwings who want to take the US economy back to a past that never existed.
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