Federal Reserve Signals Rate Cut—What This Means for Your Money

For every winner, there's a loser. Imagine if your CDs were about to mature and rates go up!

I know how you feel. If you need to put down a security deposit on a OHA rental, the USG fronts you that money, interest free... but they give it to you in dollars, and they want that many dollars back later. Basically, putting the currency risk on the soldier. I had to live in downtown Tokyo for a year, and my rent, 840,000 yen, came out to $11k. When I left, 840,000 yen was worth $8k. I got 840,000 yen from my landlord and had to pay the USG $11k. But, in a different time period, maybe I would have made $3k instead of losing $3k. It's criminal that the USG offloads the currency risk onto soldiers! Over time, with thousands and thousands of such cases, things would come out pretty even for the government. But each of us isn't likely to be in that situation more than once in a career, so we either win or we lose...once.

LTC Matthew Schlosser Before Biden won the presidency I renewed for 1 year @1.5%. Well, the young banker couldn't handle it so she renewed for 5 years. Sure enough it took almost a year and interest rates went up. So I was waiting for the renewal notice and when it didn't come I checked and found the error. Since I didn't correct it right away I would have had to forfeit all the account earned and start over. Anyway, it paid enough to cover what I used it for so I left it alone. Things here like property tax didn't start going crazy until the city got it's new mayor.

Frankly, the Federal Reserve is probably unconstitutional regardless of whether or not the President can remove a governor. But then, so is half or more of the executive branch...