Liberal Forum

today there are good 5% cd's. buy the 3 or 6 months. and sign up for roll over, as the rates go higher.  and higher. and higher. and over 20%  your roll over cd's will go!!! because congress rather spend their time puffing drugs, and giving money to ukraine, rather then tending to business; this thing could explode. 100% a month inflation. wow. you have a 400k home mortgage? with run away inflation, you will be able to pay it off will one days pay (as a Walmart clerk). yes. people know this and are buying houses on time. as for the banks. why in hell do they not make all loans adjustable? i know. and so do you.

We lived through Carter. Powell is letting inflation rage to keep Wall St. going. He is timid in his raising of the rate. Powell needs to raise the rate higher than the CPI. The faster we kill the inflation the better off we will be. Powell is NO Paul Volker.

in 1949 you could buy gas at 19 cent a gal. person pumping gas made $1.00 an hour. /// national debt has paid the way for usa growth + planned inflation. /// this will go on, and on. and on. /// as a way of selling the national debt bonds, feds must from time to time increase interest rates to attract buyers. as soon as all the bonds are sold. feds drop interest rates. government bonds crash. gov buys back deep discounted gov bonds on the open market. with newly printed dollars, simple plan of all nations. all scum bags. there is no future for humanity. future: homeless population will consist of 90% of the population. the other 10% will be lying politicians, who will say "TRUST ME".

walkingstick » 19 Sep 2023, 7:08 pm » wrote: ↑

19 Sep 2023, 7:08 pm

today there are good 5% cd's. buy the 3 or 6 months. and sign up for roll over, as the rates go higher.  and higher. and higher. and over 20%  your roll over cd's will go!!! because congress rather spend their time puffing drugs, and giving money to ukraine, rather then tending to business; this thing could explode. 100% a month inflation. wow. you have a 400k home mortgage? with run away inflation, you will be able to pay it off will one days pay (as a Walmart clerk). yes. people know this and are buying houses on time. as for the banks. why in hell do they not make all loans adjustable? i know. and so do you.

The highest CD rates ever got was about 15%.  This was from saving and loans in the late '80's.  We all know what happened to them. 

So, no, you won't see 20% CD's in the US, not even close.  Now, in Russia - that's a minimum rate to even attract investors to keep their Rubles in the banks.
 

Skans » 20 Sep 2023, 10:05 am » wrote: ↑

20 Sep 2023, 10:05 am

The highest CD rates ever got was about 15%.  This was from saving and loans in the late '80's.  We all know what happened to them. 

So, no, you won't see 20% CD's in the US, not even close.  Now, in Russia - that's a minimum rate to even attract investors to keep their Rubles in the banks.

did i say 20%. i meant 30%. but really we know cd's will go over 100% a month. from there, 100% a day. oh. did you hear, biden is going to take your gold . at $320.00 an oz. he gets your gold. you get his paper. what a deal.