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Blood on the street II
- Thread starter charliebrown
- Start date
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Zero interest rates is a tax on savers. Negative interest rates (which are coming) even more so. It means you pay the bank to hold your money, like a babysitter.
The Fed will say this is to stimulate the Economy. I don't really believe that. IMHO, the real reason is that the Federal deficit is through the roof and zero interest rates is the only way we can afford our debt and keep the Entitlement State going.
This is not a new trend. Interest rates have been trending down for nearly 40 years. But now we are finally through the Looking Glass. A record amount of money is being lent essentially for free. Or, even worse, we pay people to borrow our money. It's crazy and does not bode well for the future.
The Fed will say this is to stimulate the Economy. I don't really believe that. IMHO, the real reason is that the Federal deficit is through the roof and zero interest rates is the only way we can afford our debt and keep the Entitlement State going.
This is not a new trend. Interest rates have been trending down for nearly 40 years. But now we are finally through the Looking Glass. A record amount of money is being lent essentially for free. Or, even worse, we pay people to borrow our money. It's crazy and does not bode well for the future.
You proved my point, you're not paying attention, post 21 wipe your phone "thread" got it? by the way, its been closed by moderator earlier or yesterday, on another note, why are you even addressing me? Kindly ignore me and my posts, you obviously went to mods and complained, rightly so, its one of our perks being on this site, I said things that obviously deserved being pointed etc, by I didn't turn right around and disrespect mods by first complaing and then doing the thing I was complaing about other to mods abot. I won't play your games. Original thread "Blood in the streets" post #461, remember, like I said, I won't play games with mods nor you.
Umm. Whatever you cooked up in your head needs more time in the oven. I never pointed at you specifically. I specifically stated that there are 8-10 members that derail threads. The 'Swipe your phone" thread has not been locked. Nobody reported you in that Blood on the Street thread. I decided it had run it's course after it went severely off topic and became another political flame war between Blue vs Red, Red vs Blue memes war and propaganda videos that should stay on a Reddit thread of extreme hate and misinformation towards others because a difference of an opinion obviously means it is stupid.
Having said that. This time I am specifically blaming you. Nobody reported you. You reported another member over some paranoid reason. You decided to bring some argument from 2 previous threads that has absolutely nothing to do with this thread topic. You blatantly ignored a well respected member's directive to stay on topic in his discussion thread. Post your Panda smashing a keyboard gif and enjoy your vacation.
And do not "like" this comment. It's off topic, but I felt it should be said. We aren't kidding gentlemen. This is going to be a rough few months. This site isn't going to turn into some politics flame war. Discuss with a genuine approach of your opinion, and no childish attacks. If you are looking to troll one side or the other with "Stupid MAGA Boomer Idiot" , or "Stupid Libtard Obummer AOC Sanders", and keep the argument continuing in every discussion thread, You will be suspended. It helps nothing.
Sorry I had to post this in your thread Mr. Brown,
Having said that. This time I am specifically blaming you. Nobody reported you. You reported another member over some paranoid reason. You decided to bring some argument from 2 previous threads that has absolutely nothing to do with this thread topic. You blatantly ignored a well respected member's directive to stay on topic in his discussion thread. Post your Panda smashing a keyboard gif and enjoy your vacation.
And do not "like" this comment. It's off topic, but I felt it should be said. We aren't kidding gentlemen. This is going to be a rough few months. This site isn't going to turn into some politics flame war. Discuss with a genuine approach of your opinion, and no childish attacks. If you are looking to troll one side or the other with "Stupid MAGA Boomer Idiot" , or "Stupid Libtard Obummer AOC Sanders", and keep the argument continuing in every discussion thread, You will be suspended. It helps nothing.
Sorry I had to post this in your thread Mr. Brown,
Back on topic. The rate cut will probably not do anything. This can be worse than the 2008/2009 crash. This is immediate loss of jobs and revenue without anything most companies have planned for. All the workers in the restaurant and travel industry are going to default on many loans if it lasts until June or July. It goes with most industries now. From the people I talk to the most, this is 9/11 plus 2008 when it comes to a industry that employs a very significant number of people. Those with a savings account can make their life on the rebound most likely. Just have to find that timing.
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