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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Woody_Nickels who wrote (149014)	11/16/2012 11:27:54 PM
From: Paul V.	Read Replies (1) \| Respond to of 224858

Woody, Fraud against Seniors is the artificially low interest rates. Many of my retired friends lost hundreds of dollars in income every month on their CDs, due to these ZERO interest rates. Some now struggle to eat, pay utilities, etc. It was difficult before, but the last few years have been horrible. Next year taxes on interest and dividends will increase, too. That was the Seniors choice to enroll in artificially low interest CD rates. Other investors took the risk at the time of low stock market to buy stocks. They, then, made tremendous amounts of money. Yes, it required a large amount of research and an understanding of the stock market. The sad state, when the economy totally returns we will probably have inflation. The result will be those locked in to low CD rates will be suffering not only from the low rates but a potential inflation rate when they purchase good and/or services.