To: sickoflibs
Has the Fed become a part of the government all of a sudden?
22 posted on
01/26/2009 10:08:15 PM PST by
Cheetahcat
(Osamabama the Wright kind of Racist!)
To: Cheetahcat
RE “
Has the Fed become a part of the government all of a sudden?”
You notice that? That is Schiff’s claim that it is and creates inflationary bubbles by printing money/super low savings interest rates to stimulate the economy. Even at the peak of the bubble savings account rates were 2-3% but ING could get 5%. Now it is zero, of course people are saving right now so you don't need high interest rates
34 posted on
01/27/2009 5:19:22 AM PST by
sickoflibs
(Obama : " We need swift immediate action on my 10 year government spending plan")
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