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

To: Don Earl who wrote (14737)	11/20/2008 9:58:40 AM
From: shag007	Respond to of 71463

You were starting to get fleeced and you didn't realize it. You were not born shortly after the American Revolution. Re: Message 25190241 "When I was a kid, a passbook savings account paid 6% interest, and the maximum interest rate any lending institution could legally charge was 12%. If you wanted to buy a home, you saved money until you had 20% down, and you had better have had perfect credit. The same was true if you wanted to buy a car. No one issued credit cards with lines equal to half a person's annual gross income. They analysed the individual's total credit to income ratio and set the borrowing limits at levels within a range a borrower could realistically pay back. When you signed an agreement with a lender, the interest rate was forever. There was no fine print that made rates subject to the whims of fortune. Oh, yeah, and if you had a dollar sitting in a bank, its value against other currencies didn't fluctuate by 3% in a few hours of morning trading. You could plan your household budget ten years into the future because you knew how much your money was worth, you knew how much things cost, you knew your job was stable, and you knew what your principal and interest payments (or interest returns) would be from month to month." BTW, I see your amused but you just veered off. I would like to see your opinions on the points as you were doing up till this last post. No lack of respect intended in my responses just bouncing ideas back and forth.