CptnObvious The poor don't even get a 1% interest rate
rstrahan Big Banks love millionares, big corporations, Wall Street... ... hit the small guy hardest.
thoughtomator money for the banks, no matter the consequences for middle-class
Sandars is a Marxist and what he really means by too big to live” is "death to the capitalists!" Yeah, so the dems are a bunch of blood thirsty class warfare Marxists, that's old news. What baffles me is why we got so much Marxist hatred right here on the FR.
Look guys, only an idiot Marxist thinks you make the 'little guy' bigger by cutting down the big guys. Think, if being around rich people was a bad idea then imagine moving to say, Botswana where all your neighbors are poor --I'm sure they'd just love to swap w/ you.
Finally, y'all got to realize that prices are not set my capitalist exploiters or their evil gov't oligarchy Federal Reserve. 99% of all money loaned in the U.S. is w/ interest rates set by the free market --agreed upon by both the loaner and the borrower. Another fact is that even more dollars are being loaned out in free markets outside the U.S. where the evil capitalist Federal Reserve does not even exist.
Interest rates are low because inflation's low. When inflation comes back up so will interest rates. This is how it's been for hundreds of years and we need to deal w/ it.
> Look guys, only an idiot Marxist thinks you make the ‘little guy’ bigger by cutting down the big guys.
Nobody is saying that. We’re saying, that caught red-handed, the big guys need to be brought to justice. Equal justice under law, not “down with The Man”, is the principle here.
>Finally, y’all got to realize that prices are not set my capitalist exploiters or their evil gov’t oligarchy Federal Reserve. 99% of all money loaned in the U.S. is w/ interest rates set by the free market —agreed upon by both the loaner and the borrower.
False. The Federal Reserve is a central planning institution that sets the price of money. This price flows through to all the loan agreements downstream, modifying those rates accordingly.
> Another fact is that even more dollars are being loaned out in free markets outside the U.S. where the evil capitalist Federal Reserve does not even exist.
Name one free market, besides the black market, in the context of a currency with a centrally planned interest rate.
> Interest rates are low because inflation’s low. When inflation comes back up so will interest rates. This is how it’s been for hundreds of years and we need to deal w/ it.
Only the official inflation rate is low, and what that rate is is again determined by the very same central planners that set the interest rates. This has not been like this for “hundreds of years” - the Federal Reserve was created in 1913. During that time, the US dollar has lost 98% of its value. During the hundred years before that, the US dollar lost ZERO value. (As the phrase goes, “you figga it out!”)
Actual inflation is running well beyond that, which you would know if you bought your own groceries and clothes, or paid rent - food, clothing and shelter costs are far outpacing the official rate of inflation.
And then there’s health care inflation, which has been so obscene for so long that unless you are subsidized or independently wealthy you can’t afford it.