HK4U
New member
I read the following article today. It was for me another reminder of one of the worst evils every brought upon America. The Federal Reserve. I only heard on candidate out of the whole field running for president talk about getting rid of it. That is why no matter who we elect nothing will really change.
Punishing The Intelligent
The Federal Reserve couldn’t open the floodgates fast enough to dump (as of April 22) $360 billion to save those New York-based investment banks and financial institutions. The Fed loaned money to investment banks for the first time since the Great Depression — to the tune of $38.1 billion a day during one particular week. At the same time it’s been lowering interest rates, which effectively punishes individuals who are in fact good at saving their money, and those living in retirement whose incomes are based on saved earnings, which now pay out lower interest rates. That’s punishing the smart to save the stupid
Link Removed
Punishing The Intelligent
The Federal Reserve couldn’t open the floodgates fast enough to dump (as of April 22) $360 billion to save those New York-based investment banks and financial institutions. The Fed loaned money to investment banks for the first time since the Great Depression — to the tune of $38.1 billion a day during one particular week. At the same time it’s been lowering interest rates, which effectively punishes individuals who are in fact good at saving their money, and those living in retirement whose incomes are based on saved earnings, which now pay out lower interest rates. That’s punishing the smart to save the stupid
Link Removed