Posted on 08/11/2010 10:27:11 AM PDT by Oldeconomybuyer
NEW YORK (CNNMoney.com) -- If you are a responsible saver, the Federal Reserve isn't doing any you favors.
The Fed unsurprisingly left a key short-term rate near 0% Tuesday, meaning that rates on money-market accounts, CDs and other savings products are likely to remain as anemic as they've been for the past two years.
But the Fed is hurting those who look to Treasury bonds and notes for a steady yield as well.
Still, it's unsettling that just as more consumers have finally woken up to the fact that they should be putting away more money for that proverbial rainy day, there is little financial reward for doing so.
(Excerpt) Read more at money.cnn.com ...
Barach Hussein Obama
Your government hates you if you have money.
In order to make Americans slaves everyone must be reduced to poor. And the poorest are the old. His purpose for destroying your retirement is to leave you sick and powerless.
The Fed must be shut down.
blame who you like - Republicans, Democrats, Progressives, Neocons: The end-result of politician-controlled fiat-currency is always the same throughout history.
No Fed - means no bubbles, no bail outs, no Progressive social engineering schemes, no devaluation of workers wages, no Gov’t ability to bankrupt the nation in slow-motion with wars and welfare and real rates of return for savers and investors.
We should use The Fed attack the Poor Savings
The Fed is the problem. If the government would spend money into existence then banks would rely on savings from customers for their money supply. Now banks simply borrow from the Fed and don’t need customers money.
FEDs live and pray on DEBT.
Their motivation for rewarding savings and accumulated wealth would be..........?
Why do bank-owned politician push for death-taxes?
You do all you can to pay off your mortgage, and maybe you can pass your accumulated wealth to your kids, who then have a chance to get off the grid and not spend their life slaving for bankers.
In generation or two, people may not be needing to acquire debts that they spend their lifetime paying off. How does that work out for Bankers?
Wars, inflation and deflation cycles, zillion forms of taxes, mis-management of resources at every level so we never ever have enough money to solve EVEN ONE of our problems, we who are supposed to be richest nation on earth, all these have one purpose - PERMANENT DEBT.
They have ability to print money, so money means nothing to them. What they want to own is control your labor. So you live, breathe and work, your whole life and send them majority of your paycheck - 30-40% taken away before you even get it, then out of the remaining money, 50-60% goes to mortgage, 15-20% to your other bills, and rest for food and maybe you are left with some to enjoy a dinner or vacation.
Then after doing that for 30+ years, they want DEATH TAXES, so you Children can repeat the cycle.
This is why American capitalism is completely broke. We no longer reward those who provide the capital. We only reward those who consume the capital. To add injury to insult we borrow the capital to keep this broken system going.
“Mmmm, Mmmm, Mmmm
Barach Hussein Obama”
ERROR, ERROR!
Should be:
S***, F***, D***,
Barach Hussein Obama
These interest rates are ridiculous. I have to jump through a zillion hoops just to get a lousy 2 percent.
This is giving my Father and Mother, who live off of their investments, very few choices on where to invest as their bonds and t-bills mature.
I have take to investing in the stock market for the income. I have lost principle, but I am picking up about 8% in dividends.
Used to be that the interest you earned was because the banks were basically borrowing money from you to invest.
Now that they’ve discovered that they can simply print an unlimited supply of money to invest, why should they pay you squat for the paltry couple of K you have in the bank?
..never would imagined that I would be glad to get 1% on a cd because everyone else in town was offering less...
The Fed is doing all it can do to help the Democrats and destroy the middle class.
Absolutely.
Another lateset twist/tyranny is that now according to Bernanke they will NOT disclose by how much they are increasing the money supply.
Greenspan doubled the money supply 2000-2006, and then Bernanke doubled that.
They don’t appreciate that commoners can do the math and give them hard time about it.
So now it is none of our business.
Most people don’t hear these things or understands them as media also belongs to them. Why would they bother to highlight important issues, when a new Kardashian Sister is ready to model?
You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don’t you call me ‘cause I can’t go
I owe my soul to the company store
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