The banks are not hoarding cash they are loaning it all to government. Buying bonds. Then borrowing more from the federal reserve at .25% and buying bonds at 3%.
There is a wild man in charge and this is the safest bet they could find.
I posted it because of the food aspect and have posted some additional links about price hikes coming you might want to look at.
Interesting story. Jim Rogers usually has good insight. Another good reason to have your own garden and to can your own food!
“The banks are not hoarding cash they are loaning it all to government. Buying bonds. Then borrowing more from the federal reserve at .25% and buying bonds at 3%.”
You got that right. Exactly what the Feds want to happen—and then Obama bitches about them making profits.
The banks are not hoarding cash they are loaning it all to government. Buying bonds. Then borrowing more from the federal reserve at .25% and buying bonds at 3%.
There is a wild man in charge and this is the safest bet they could find.