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What a bunch of clueless clowns without any kind of wisdom. For 21 years now they have been FAKING economic growth and creating economic CANCERS or asset bubbles. Yes, since 2001 when business cycle ended and when they should start raising interest rates. Instead of facing the facts in 2001, that the economic expansion had ended the FED decided to fight this logic by repressing interest rates, instead of raising rates. Now when clearly they have lost control of inflation those clowns are way behind the curve and the ONLY way you can KILL inflation at this point is with PAUL VOLKER STYLE rate increases. But the FED is afraid to even raise the target interest rate by 25 basis points. No leadership, just a bunch of clueless LOSERS and followers.
The Fed has created this inflation we're seeing now.
Not by failing to raise interest rates, but due to the trillions of dollars that they've been lending to their buddies at the big banks and investment firms.
Look, this is all planned.
These people work in a completely different reality than you and I. The goal is by 2030, you'll own nothing and like it. Real estate is being bought up by investment firms with money created out of thin air by the Fed. The plan is to control everything; it's the only way modern monetary theory can work.
Look up how modern monetary theory works; that's the plan.
Interest rates can't be raised high enough to pull the trillions of dollars back out of the economy. The only thing that'll save the US is if all the other world currencies crash first and the dollar replaces them. Which, I think, is part of the goal.
It's incredible to me that all the major brick and mortar banks (TD, Bank of America, Wells Fargo, etc.) are offering from 1/10 to 3/10 of one percent interest on savings accounts. That's $100 to $300 a year interest on a million dollar savings account. How does that work and how do they get away with it? Is it because the fed gives them virtually interest free money and they don't need people to save money in banks any more?
It's incredible to me that all the major brick and mortar banks (TD, Bank of America, Wells Fargo, etc.) are offering from 1/10 to 3/10 of one percent interest on savings accounts. That's $100 to $300 a year interest on a million dollar savings account. How does that work and how do they get away with it? Is it because the fed gives them virtually interest free money and they don't need people to save money in banks any more?
Yes ..
But many banks offer promos instead that are very lucrative….we just got 1500 bucks from citi bank for 2 opening citi priority accounts for a few months.
But many banks offer promos instead that are very lucrative….we just got 1500 bucks from citi bank for 2 opening citi priority accounts for a few months.
You are missing the point.. you shouldn't have to have a promo.
I did that with TD Bank. They made up some excuse why I didn't get it and told me, if I wanted it, I would need to keep my money where it was for 6 more months. Scam.
We just did Td bank before citi …we did the TD BEYOND SAVINGS
No problem at all … we got 400 dollars for 40k for I think 4 months 20k each we did
…we pulled it out as soon as the promo hit.. certainly no scam
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