Forum Replies Created
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AuthorPosts
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Diego Mamani
Participant“The Fed is pulling out all the stops…”
Agreed. Problem is, each stop it pulls brings the dollar down more and more. The current “war on the dollar” and “war on savers” moves on at full steam, thanks to our central bank (by the way, its name is abbreviated Fed, not FED).
A recession that penalizes those who took too much risk durig the boom (and penalizes some innocent victims too) would be preferable to the current situation: countless savers are being robbed of the value of their life savings, and our unstable and debased currency will create problems for years and years to come. And the risk takers who created this mess in the first place? They get a bailout! So they’ll be even more careless in the next boom.
Geez, thanks Fed for being so “independent” and withstanding political pressure to flood the world with dollars and decimating the value of my savings so that debtors can have their irresponsible debts reduced by inflation. (/sarcasm off)
Participant“The Fed is pulling out all the stops…”
Agreed. Problem is, each stop it pulls brings the dollar down more and more. The current “war on the dollar” and “war on savers” moves on at full steam, thanks to our central bank (by the way, its name is abbreviated Fed, not FED).
A recession that penalizes those who took too much risk durig the boom (and penalizes some innocent victims too) would be preferable to the current situation: countless savers are being robbed of the value of their life savings, and our unstable and debased currency will create problems for years and years to come. And the risk takers who created this mess in the first place? They get a bailout! So they’ll be even more careless in the next boom.
Geez, thanks Fed for being so “independent” and withstanding political pressure to flood the world with dollars and decimating the value of my savings so that debtors can have their irresponsible debts reduced by inflation. (/sarcasm off)
Participant“The Fed is pulling out all the stops…”
Agreed. Problem is, each stop it pulls brings the dollar down more and more. The current “war on the dollar” and “war on savers” moves on at full steam, thanks to our central bank (by the way, its name is abbreviated Fed, not FED).
A recession that penalizes those who took too much risk durig the boom (and penalizes some innocent victims too) would be preferable to the current situation: countless savers are being robbed of the value of their life savings, and our unstable and debased currency will create problems for years and years to come. And the risk takers who created this mess in the first place? They get a bailout! So they’ll be even more careless in the next boom.
Geez, thanks Fed for being so “independent” and withstanding political pressure to flood the world with dollars and decimating the value of my savings so that debtors can have their irresponsible debts reduced by inflation. (/sarcasm off)
Participant“The Fed is pulling out all the stops…”
Agreed. Problem is, each stop it pulls brings the dollar down more and more. The current “war on the dollar” and “war on savers” moves on at full steam, thanks to our central bank (by the way, its name is abbreviated Fed, not FED).
A recession that penalizes those who took too much risk durig the boom (and penalizes some innocent victims too) would be preferable to the current situation: countless savers are being robbed of the value of their life savings, and our unstable and debased currency will create problems for years and years to come. And the risk takers who created this mess in the first place? They get a bailout! So they’ll be even more careless in the next boom.
Geez, thanks Fed for being so “independent” and withstanding political pressure to flood the world with dollars and decimating the value of my savings so that debtors can have their irresponsible debts reduced by inflation. (/sarcasm off)
ParticipantBoth Hillary and Obama have a populist rhetoric today; they have both announced that they’d renegotiate NAFTA. They do this ostensibly to capture votes from displaced manufacturing workers in Ohio. But still, it worries me that if elected, they would damage free trade.
So, I wouldn’t be surprised if any of them two yields to the pressure to bail out large banks and FBs.
GWB’s allegiance to religious extremists and his decision to invade Iraq and its aftermath have made his administration one of the worse on record, if not the worst. However, in economic matters, he’s done mostly the right things:
1. Lowered taxes
2. Proposed a guest worker program (that would largely reduce illegal immigration and make cross-border labor flow subject to control by authorities, as opposed to the current chaotic situation)
3. Resisted using tax-payer money to bail out irresponsible financial firms and overextended borrowers who created this housing bubble mess in the first place
ParticipantBoth Hillary and Obama have a populist rhetoric today; they have both announced that they’d renegotiate NAFTA. They do this ostensibly to capture votes from displaced manufacturing workers in Ohio. But still, it worries me that if elected, they would damage free trade.
So, I wouldn’t be surprised if any of them two yields to the pressure to bail out large banks and FBs.
GWB’s allegiance to religious extremists and his decision to invade Iraq and its aftermath have made his administration one of the worse on record, if not the worst. However, in economic matters, he’s done mostly the right things:
1. Lowered taxes
2. Proposed a guest worker program (that would largely reduce illegal immigration and make cross-border labor flow subject to control by authorities, as opposed to the current chaotic situation)
3. Resisted using tax-payer money to bail out irresponsible financial firms and overextended borrowers who created this housing bubble mess in the first place
ParticipantBoth Hillary and Obama have a populist rhetoric today; they have both announced that they’d renegotiate NAFTA. They do this ostensibly to capture votes from displaced manufacturing workers in Ohio. But still, it worries me that if elected, they would damage free trade.
So, I wouldn’t be surprised if any of them two yields to the pressure to bail out large banks and FBs.
GWB’s allegiance to religious extremists and his decision to invade Iraq and its aftermath have made his administration one of the worse on record, if not the worst. However, in economic matters, he’s done mostly the right things:
1. Lowered taxes
2. Proposed a guest worker program (that would largely reduce illegal immigration and make cross-border labor flow subject to control by authorities, as opposed to the current chaotic situation)
3. Resisted using tax-payer money to bail out irresponsible financial firms and overextended borrowers who created this housing bubble mess in the first place
ParticipantBoth Hillary and Obama have a populist rhetoric today; they have both announced that they’d renegotiate NAFTA. They do this ostensibly to capture votes from displaced manufacturing workers in Ohio. But still, it worries me that if elected, they would damage free trade.
So, I wouldn’t be surprised if any of them two yields to the pressure to bail out large banks and FBs.
GWB’s allegiance to religious extremists and his decision to invade Iraq and its aftermath have made his administration one of the worse on record, if not the worst. However, in economic matters, he’s done mostly the right things:
1. Lowered taxes
2. Proposed a guest worker program (that would largely reduce illegal immigration and make cross-border labor flow subject to control by authorities, as opposed to the current chaotic situation)
3. Resisted using tax-payer money to bail out irresponsible financial firms and overextended borrowers who created this housing bubble mess in the first place
ParticipantBoth Hillary and Obama have a populist rhetoric today; they have both announced that they’d renegotiate NAFTA. They do this ostensibly to capture votes from displaced manufacturing workers in Ohio. But still, it worries me that if elected, they would damage free trade.
So, I wouldn’t be surprised if any of them two yields to the pressure to bail out large banks and FBs.
GWB’s allegiance to religious extremists and his decision to invade Iraq and its aftermath have made his administration one of the worse on record, if not the worst. However, in economic matters, he’s done mostly the right things:
1. Lowered taxes
2. Proposed a guest worker program (that would largely reduce illegal immigration and make cross-border labor flow subject to control by authorities, as opposed to the current chaotic situation)
3. Resisted using tax-payer money to bail out irresponsible financial firms and overextended borrowers who created this housing bubble mess in the first place
Participant(1) Did you mean to say Citi National Bank, as opposed to National City?
(2) The account you have is nicknamed “fee checking” in the industry. There’s no monthly fee, but they nickel and dime you every time you do something (like calling the 800 number or using a branch) or don’t do something (“inactiviy” fee).
(3) This is partly a cliche, but it is said that 80% of a bank’s profits come from their top 20% clients. People like you, who open an acount with a meager 50 depreciated and devaluated dollars, likely do so in-branch, and then use the 800 number, are among the bottom 20% of clients that account for 80% of the costs. (To mirror the 80/20 rule.)
(4) This bank doesn’t want your business. You could shame them into better disclosing their fees by writing letters to newspapers, etc. But if I were you, I’d open an account with a Credit Union.
Participant(1) Did you mean to say Citi National Bank, as opposed to National City?
(2) The account you have is nicknamed “fee checking” in the industry. There’s no monthly fee, but they nickel and dime you every time you do something (like calling the 800 number or using a branch) or don’t do something (“inactiviy” fee).
(3) This is partly a cliche, but it is said that 80% of a bank’s profits come from their top 20% clients. People like you, who open an acount with a meager 50 depreciated and devaluated dollars, likely do so in-branch, and then use the 800 number, are among the bottom 20% of clients that account for 80% of the costs. (To mirror the 80/20 rule.)
(4) This bank doesn’t want your business. You could shame them into better disclosing their fees by writing letters to newspapers, etc. But if I were you, I’d open an account with a Credit Union.
Participant(1) Did you mean to say Citi National Bank, as opposed to National City?
(2) The account you have is nicknamed “fee checking” in the industry. There’s no monthly fee, but they nickel and dime you every time you do something (like calling the 800 number or using a branch) or don’t do something (“inactiviy” fee).
(3) This is partly a cliche, but it is said that 80% of a bank’s profits come from their top 20% clients. People like you, who open an acount with a meager 50 depreciated and devaluated dollars, likely do so in-branch, and then use the 800 number, are among the bottom 20% of clients that account for 80% of the costs. (To mirror the 80/20 rule.)
(4) This bank doesn’t want your business. You could shame them into better disclosing their fees by writing letters to newspapers, etc. But if I were you, I’d open an account with a Credit Union.
Participant(1) Did you mean to say Citi National Bank, as opposed to National City?
(2) The account you have is nicknamed “fee checking” in the industry. There’s no monthly fee, but they nickel and dime you every time you do something (like calling the 800 number or using a branch) or don’t do something (“inactiviy” fee).
(3) This is partly a cliche, but it is said that 80% of a bank’s profits come from their top 20% clients. People like you, who open an acount with a meager 50 depreciated and devaluated dollars, likely do so in-branch, and then use the 800 number, are among the bottom 20% of clients that account for 80% of the costs. (To mirror the 80/20 rule.)
(4) This bank doesn’t want your business. You could shame them into better disclosing their fees by writing letters to newspapers, etc. But if I were you, I’d open an account with a Credit Union.
Participant(1) Did you mean to say Citi National Bank, as opposed to National City?
(2) The account you have is nicknamed “fee checking” in the industry. There’s no monthly fee, but they nickel and dime you every time you do something (like calling the 800 number or using a branch) or don’t do something (“inactiviy” fee).
(3) This is partly a cliche, but it is said that 80% of a bank’s profits come from their top 20% clients. People like you, who open an acount with a meager 50 depreciated and devaluated dollars, likely do so in-branch, and then use the 800 number, are among the bottom 20% of clients that account for 80% of the costs. (To mirror the 80/20 rule.)
(4) This bank doesn’t want your business. You could shame them into better disclosing their fees by writing letters to newspapers, etc. But if I were you, I’d open an account with a Credit Union.
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