If the Fed truly wished to help our economy get back to “normal” then it would allow the free choices of individual borrowers and savers to determine the interest rate. It would also end its implicit practice of picking winners and losers in our economy.
Post Tagged with: "interest rates"
January 31, 2012 06:28
Middle class savers and elderly hurt by stealth tax
Our Constitution gives Congress the power to levy federal taxes, not the Federal Reserve. This hidden tax falls hardest on seniors and near-retirees who are not rich and can ill afford to take a lot of risk with their investments.
December 14, 2011 07:33
New Model Forecasts Gold to Reach $4,380
[G]old isn’t tied to inflation. It’s tied to low real rates which are often the by-product of inflation.
December 14, 2011 07:33
New Model Forecasts Gold to Reach $4,380
[G]old isn’t tied to inflation. It’s tied to low real rates which are often the by-product of inflation.
August 26, 2011 05:48
Granny’s Fate Rides With Bernanke in Jackson Hole
Small savers and retirees have reason to be upset. It’s as if monetary policy has been personalized to punish one group that behaved well (savers) and reward another that over-borrowed and over-spent.
August 17, 2011 06:10
1971 dollar now worth 18 cents
The “Nixon Shock” was followed by a decade of one of the worst inflations of American history and the most stagnant economy since the Great Depression. The price of gold rose to $800 from $35. The purchasing power of a dollar saved in 1971 under Nixon has today fallen to 18 pennies.
August 3, 2011 05:08
Pimco, BlackRock Say U.S. Economy Is Running at ‘Stall Speed,’ Fed May Act
“We’re not looking at a recession yet, but we’re at a tipping point,” Gross said yesterday in an interview on Bloomberg Television. “We’re at what we call a stall speed in which corporate profits don’t grow, jobs aren’t created,” said Gross – Bloomberg.com
July 8, 2011 06:39
The Sovereign Debt Crisis Is Never Going To End Until There Is A Major Global Financial Collapse
The combination of huge amounts of debt and huge amounts of leverage is incredibly toxic, and that is what we have all over the globe today. Almost every major nation is drowning in a sea of red ink and almost all of our major financial institutions are leveraged to the hilt.
July 7, 2011 05:41
20 Warning Signs Of A Global Doomsday
Since a U.S. dollar collapse is ranked as the greatest risk to the world, and dollar’s fate is largely dependent on if the bond market has faith in Uncle Sam, it might be helpful to add five additional warning signs that the bond market is freaking out.
June 27, 2011 06:04
The Lies a Fed Chairman Tells
Schiff says Bernanke is lying. Peter Schiff blasts Ben Bernanke and the Fed’s policies in attempting to prop up the slowing economy. Schiff questions why anyone gives Bernanke any credibility regarding the economy because of his terrible track record.
