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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Don Earl who wrote (14721)	11/19/2008 8:24:39 PM
From: shag007	3 Recommendations Read Replies (1) \| Respond to of 71456

You can only inflate your way out of bankruptcy for so long without destroying the savers.

To: Don Earl who wrote (14721)	11/20/2008 10:41:21 AM
From: Zuiderzon	Read Replies (1) \| Respond to of 71456

"If the interest paid on your savings rose and fell based on the prime rate, you might have a point. You don't have a point." Hmmm, in the last 25 years I have seen the global trend in prime rate reflected in the rate I get on a savings account. Or do you think that the banks will pay you a killer interest rate if they can borrow the money cheaper from the central bank? The risk is now higher than in the stable times you are describing, consequently the premium should be higher, if it weren't for the Fed influencing the rates.