Article Source: msnbc.com
from:msnbc.comFederal Reserve Chairman Ben Bernanke sent a fresh signal Thursday that he's in no rush to reverse course and start boosting interest rates.
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How about a small raise so that all us little people can earn a some interest from the banks. The FED has ruined the country and will keep on doing it.
WRONG
The greedy capitalist Republikans taking all their tax breaks, layoff American workers, out sourcing American jobs and not least repackaging loans and making obscene profits from it.
If the FED had not done what it did we all would be in soup lines.
Here we again!
The graduates of the Ray Charles school of economics have spoken!! Tax breaks are not breaks but simply the government granting us the partial right our founders demanded. NO Founder of this country ever approved of personal INCOME tax. They considered tributes demanded by the crown as Immoral!
The Government demands we pay taxes to pay interest payments to cover monies lent to treasury and demanded by the banks! Yes, the FED banks!!
no you arw dead WRONG... we WILL be in soup lines because of the FED...instigating crisis since 1913...get a history lesson for Gods' sake.
The more things change, the more they stay the same.
From 'The Devil & Tom Walker' originally published in 1884
The country had been deluged with government bills, the famous Land Bank had been established; there had been a rage for speculating; the people had run mad with schemes for new settlements; for building cities in the wilderness; land-jobbers went about with maps of grants, and townships, and Eldorados, lying nobody knew where, but which everybody was ready to purchase. In a word, the great speculating fever which breaks out every now and then in the country, had raged to an alarming degree, and everybody was dreaming of making sudden fortunes from nothing. As usual the fever had subsided; the dream had gone off, and the imaginary fortunes with it; the patients were left in doleful plight, and the whole country resounded with the consequent cry of " hard times."
I'm going to disagree with them at this point. They are doing the same thing as before, and if they don't adjust the rates up, Americans will simply return to their spending ways.
The second danger is if they don't start raising rates in anticipation of the back end inflation coming down the pike, they are going to have to raise the rates dramatically and all at once to contain the inflation.
Of course, this is only one thing out of a host of things that have to be fixed.
Yeah Berneke, get some gonads and lets give more back to the people in savings rates. We need this separated from loan rates. We are sick of 1% intrest rates you moron!
Jack of Death - I agree with you to a degree,, but back in the 80's I remember Regan advocating NAFTA, and then Bush Sr.,, but, it was also the Democrats who pushed thru NAFTA and Gatt,, and ol' Dumb Al Gore thought NAFTA was such a great idea,, as seen in 1993 on the Larry King show as Gore and Ross Perot argued over how badd NAFTA would ultimely be,, See Video here - Click ----} http://www.youtube.com/watch?v=K1tHV_fztR4
Under Reagan gold was at $800.00 an ounce too. NAFTA is one thing the out sourcing I am talking about is what goes overseas not north or south of the US border.
now gold is over a thousand and the dollar has tanked ,whats your point?NAFTA Fu#ked us...get a grip NAFTA is involved and its policies are involved in every trade aggrement since its inception...welcome to the NWO.
With obama and the democrats spending trillions of dollars at the same time printing trillions of dollars, unemployment around 17% all in including those who have run out of benefits a very weak dollar and the big one called inflation.
Don't worry folks you will get your higher interest rates, but you will also pay alot more for imports such as oil and a US dollar that is worthless, why do you think everyone is buying gold .
Stay tune this is going to get very ugly really fast.
End the Fed
Actually, it wouldn't make a huge difference to unemployment, if anything at all, because the banks are hoarding money. A study has shown that banks have reduced their commercial lending by more than 12%, even though they have all benefited by the TARP funds. Basically, those TARP funds have been used by the banks to buy stocks.
So, if the Fed were to raise interest rates, even 1/4%, it would bolster the dollar, reduce the cost of oil, put some breaks on the potential for inflation, and unemployment would not be affected. It might even give the banks some encouragement to begin lending again. If they can get a higher rate for the money they lend, they might lend more.
The Fed is going to wait until the rates need to go up 500-1500bps overnight.
Or else the greenback will be replaced with something else.