2012 Bank Failures

nnuut said:
Banks can't make money because interest rates are so low, retirees can't live on the interest made by their nest egg because interest rates are too low. The government can't raise interest rates due to the National Debt being so high if they did we couldn't afford the payments. How did we get here, devaluing the dollar and they're doing it again. :cool:
Click to expand...

Well we've had the Internet bubble, the real estate bubble, and NOW!! the Federal debt bubble. What happens when a bubble bursts? Well we all know the answer to that one!
Geez thats depressing!:(
 
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Banks can't make money because interest rates are so low, retirees can't live on the interest made by their nest egg because interest rates are too low. The government can't raise interest rates due to the National Debt being so high if they did we couldn't afford the payments. How did we get here, devaluing the dollar and they're doing it again. :cool:
 
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James

I see this thread is new and pretty much your baby. Just wanted to say I appreciate it, it gives a unique pulse on the economy. Please keep it up if you can.
 
James, you are always just so cheerful.

Keep us posted on the H.R. 5652 progress and other "screw the fed" bills.

PO
 
James48843

James48843

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