Interest Rates Cannot Rise and Here’s Why…

First Rebuttal ^ | 11/4/2014 | Thad Beversdorf

[nascarnation]

Thanks for stating concisely what I was trying to put down in words.

[JAKraig]

I have warned people for years, the only safe or wise investments are commodities. People have to eat, stay warm and have shelter. You can still make money if you provide any of those things.

The government will not admit that they caused this on purpose to steal from those who had enough to save. The Government redistribution is simply a means of Leftist to steal from the “rich” and give to the poor. Their idea is have everybody in the same boat and all dependent on the government for sustenance.

Some people spent all their money just like the grasshopper wasted all his time. When the winter comes, and it will come soon, the savers will have to save all the grasshoppers who wasted their money on fun.

I have said it is wise to have precious metals squirreled away, I believe it more than ever now.

Silver is cheap right now, stock up.

[TomGuy]

During the Carter years and later, we were told house interest rates would never be below 8%.

Rates are being held low artifically to help save the government from drowning in interest on the national debt.

It is similar with the artificial inflation rate. It is showing at about 1.5%. Anyone who does grocery shopping on a regular basis knows that is a lie. Many grocery prices have increased 30 to 100% over what they were just a couple of years ago. The ‘real’ inflation rate is hidden.

[Organic Panic]

If only we taxed the rich a little bit more.

[aMorePerfectUnion]

“the Fed only controls short term rates. Long term rates are set by the market.”

As long as the Fed can continue quantitative easing by buying bills, notes and bonds, there is not market to set rates. The Fed finances the debt by purchasing them privately.

How long can they pretend to create money, hand it to the gov’t to overspend and not have the system collapse? Only as long as people think the emperor has clothes.

Other nations are already circumventing the dollar as reserve currency.

[TomGuy]

In 1998, interest on my money market account was 8%. That was considered moderately low.

I also took out an IRA annuity through an insurance company. By contract, it cannot pay lower than 4%. The agent and I chuckled at the time — interest rates would never get that low. Now, that 4% looks pretty good when I get my annual statement.

In the early 2000s I took out some CDs. They were paying around 5%. A couple of years later, the renewal rates were 4%. Then, 3%. Next, 2%. I dropped them and converted the money back to the money market account, because the money market was actually paying a half-percent more than the CDs.

Interest rates for the last decade have devastated retirement funds.