[NeetaT]

I called the company and it sounds legitimate. I plan on flying to their location to visit the management to get a confirmation on their solvency before I plunge into the investment. I also found out that they now pay 12.5% for deposits of $500,000.00 or more no matter if it’s 1yr or 5yrs.

[NeetaT]

I will research the company a bit more before I plunge a half million or so in it. If anyone has a better way of earning an ostensible guaranteed 10% a year on your money, please let me know. I’m looking for the CD concept.

[NeetaT]

I think higher interest rates strengthen the dollar and cause deflation, which is what us responsible people are looking for.

[NeetaT]

I don’t care what happens as long as it produces 10% or better returns on CD’s.

[NeetaT]

“Then you didn’t pay attention to the original post. The Fed has a limit before its power is useless.”

I went back and did some scrutinizing and now I understand. Thanks for prompting me to re read the original post.

[NeetaT]

“I have to ask why you don’t see deflation and rising interest rates as a possibility? All the signs point to this right now.”
Because, the Fed has a tendency to encourage borrowing to keep the fake economy going. High interest rates discourage spending, thus putting pressure on the Fed to pump more money into the economy and lower interest rates. Besides, I think they know I am holding cash, so they are inclined to make my cash worth less.

[NeetaT]

I am holding all cash and in my assessment a lot of it. So how will I benefit? I want to see higher interest rates, but I don’t think that will happen. I also want to see massive deflation, but I don’t think that will happen either.

[NeetaT]

3
“A mortgage is cheap money. There’s no way you can avoid debt in today’s society. Cars and college – let alone big screen televisions – virtually require you to have loans. And you’ll find that mortgages offer you perhaps the cheapest way to borrow.”

The above statement is ludicrous. I borrowed money twice in my life; I borrowed for my first car and a college loan both of which I paid off very quickly. Over the years I have never carried a balance on my credit card and have relied strictly on cash even when I bought my first home. Now I am very cash heavy and expect to take advantage of the credit crunch as long as the Fed does not get too stupid in lowering interest rates. I do not even know or care what my credit score is.

[NeetaT]

I think they recently had a run on their CD accounts or should I say CD accounts held by numerous clients who were afraid of being affected by sub prime. The 5.75 APY is not great considering there has to be a winner when it comes to offering competitive rates. I receive 5.25% APY in a brokerage account with no fees and no time limit. The money is lent by the firm at 9.5% to people who leverage the commodity and have to sale the commodity if they cannot make the margin calls which brings my risk to a very low level if any at all.

[NeetaT]

The Fed will have to defend the dollar at some point by actually raising interest rates. The longer they wait the higher and faster they will have to raise rates causing the deflation that I have been waiting for for many years. China will make sure this happens.

[NeetaT]

San Diego county will do what it needs to do to keep prices elevated so that it can collect its unwarranted property taxes and continue its skimming operations.

[NeetaT]

San Diego county will do what it needs to do to keep prices elevated so that it can collect its unwarranted property taxes and continue its skimming operations.

[NeetaT]

San Diego county will do what it needs to do to keep prices elevated so that it can collect its unwarranted property taxes and continue its skimming operations.

[NeetaT]

I have a considerable amount of cash invested in a 1yr CD at 7.5% at Millennium Bank not to be confused with the bank in the US. I look at my statement and all seems well for now. I guess I will find out in a year when I redeem my funds. I don’t consider 7.5% too good to be true seeing that interest rates in many other countries are much higher than the too low inflation causing interests rates in the US.

[NeetaT]

I have a considerable amount of cash invested in a 1yr CD at 7.5% at Millennium Bank not to be confused with the bank in the US. I look at my statement and all seems well for now. I guess I will find out in a year when I redeem my funds. I don’t consider 7.5% too good to be true seeing that interest rates in many other countries are much higher than the too low inflation causing interests rates in the US.

[Author]

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