Posted on 12/27/2018 4:20:29 PM PST by entropy12
President Trump has harshly criticized the Federal Reserve in recent weeks for inching up the standard interest rate to guard against rising inflation and threatening the four percent economic growth rate the billionaire likes to brag about.
Here’s another reason: The higher interest rates on your credit card balances and car loans also apply to the federal government’s borrowing.
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(Excerpt) Read more at hotair.com ...
So all this means it is not wise to save any money and put it in the bank because the return will be much smaller than rate of real inflation, not the bogus numbers gov’t puts out.
Sell gvenment lands and pay off the debt.
“Sell gvenment lands and pay off the debt.”
No, let’s audit the Fed first.
Sell gvenment lands and pay off the debt.
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Yes, satrting with government land in Washington DC.
I don’t bother maintaining a savings account for the reasons you stated. They can also raise credit card rates to the roof, if they like. I’ll continue paying in full every month so as to accumulate zero interest charges.
Media never mentions how much of that is due to Obama’s borrowing.
Never.
Politicians have put us way in the hole. Politicians keep spending money we don’t have. Politicians could care less. Disgusting! We need 535 new common-sense heads in Washington, D.C.
Aside from Nellis, WHY does the Gummint own 90% of Nevada..?
Very true!
“Sell gvenment lands and pay off the debt.”
No, let’s audit the Fed first.
I do the same on credit card bills...have not paid interest on them since 1997. OK I did pay once because forgot to pay on time. Still not bad considering we have 3 active cards usually.
As for saving accounts and CD’s...have none. I am forced to buy hi-yield bond funds (risky risky) which are all in variable annuities. At least annuities are tax deferred for unlimited amounts.
Nevada is 90% wasteland consisting of desert and salt flats. May be there are no buyers.
I’m not surprised or “stunned”. It’s on an exponential curve. Some of us were taught how those work in public school back in the day.
How much you figure we could fetch by selling Capitol Hill?
And the interest banks have paid on my saving accounts recently has gone DOWN exponentially.
If there is one thing our president has spent a lifetime doing is managing debt. Creditors beware. He will not allow this government to go belly up to pay off Federal Reserve Note debt. I have no clue how this could be done, but POTUS will see to it come hell or high water. If I were China I’d be worrying. Count on it!
Money I have outside checking is in a mutual fund the annually rebalances my holdings to maintain a certain ratio of bond value to stock. If I didn’t have that, I’d probably put everything into an S&P 500 index fund. Very low management fees and since mutual funds commonly measure their success against the S&P 500 with few regularly beating the fund’s rate of return, why not just lock into the standard others chase?
I thought about that, too. But the mineral rights...
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