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To: Toddsterpatriot
Wow, there is a place where I can deposit my money and earn no interest? How much do they charge?

Todd, I know you're smarter than that. Dig a little deeper. Do you think earning 3% on a savings account while inflation is over 10% is a good deal? It's a great deal for the bank, they get to pyramid loans off your deposit - you pay for it with higher inflation. How much gasoline/corn/healthcare/etc does your savings account buy now vs. 2 years ago?
383 posted on 06/26/2008 5:05:31 PM PDT by dollarbull
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To: dollarbull
Todd, I know you're smarter than that.

It's true, I'm too smart to pay someone to hold my money.

Do you think earning 3% on a savings account while inflation is over 10% is a good deal?

Better than paying 1% while inflation is over 10%.

It's a great deal for the bank, they get to pyramid loans off your deposit -

Pyramid? You mean lending out a portion of my deposit?

How much gasoline/corn/healthcare/etc does your savings account buy now vs. 2 years ago?

How is paying goldmoney.com to hold my money going to make my gasoline/corn/healthcare more affordable?

384 posted on 06/26/2008 5:14:35 PM PDT by Toddsterpatriot (Why are doom and gloomers, union members and liberals so bad at math?)
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