Any doubts over about December Fed hike may be swept away

in.reuters.com ^ | Jonathan Cable

[grania]

You're economic theory would work just fine if the Fed didn't continually provide bogus money and increase the debt instead of paying interest to savers for borrowing their accumulated savings.

Doesn't it bother you just a little that the bankers and others who created the financial mess keep getting their six-figure salaries and bonuses while average folk get NOTHING?

[fortheDeclaration]

No, it is savings that are good for the economy not spending.

Savings lead to investment and production.

The Keynesian's are substituting low interest rates for real savings, which results in inflation, not production and a 'boom-bust'.

[fortheDeclaration]

Yes, it is based on some bizarre reasoning!

[CodeToad]

“If nobody is out there clamoring to borrow your money, then you aren’t going to get much interest on it. “

The problem is the government (the Fed) has become the source of lending instead of savings account holders. They can generate billions on command while your savings are trivial in comparison.