Posted on Dec 14, 2016

Fed raises rates, sees faster pace of increases in 2017

1.07K

...and the Dow drops 118 like that. Does this group really know or still utilizing theory that some thinks should work and doesn't measure people's reactions? I understand they sell it by how much interest I will make on my investments, but c'mon was doing fairly well before. Something to chew on and sorry bankers- when a bank lends money at a measly 2% over what they are paying in interest- they make big bank. This has not been the case for many years- your savings and CDs are paying very slow under 1% and they are pulling 5% and up on signature loans. I would like to see a return to the Gold Standard- that is where the Fiat system started and the rest of the world got fatter off our increasing debt. Still want the government playing with your money?

Fed raises rates, sees faster pace of increases in 2017

Posted from msn.com

Posted in these groups: Double barred dollar sign.svg

Money

Economy

Posted >1 y ago

Responses: 3

MCPO Roger Collins

Posted >1 y ago

The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.

How's that working out for us?

(2)

Comment

(0)

show previous comments

MCPO Roger Collins

>1 y

Maj Marty Hogan - Don't recall reading that one, but I have studied and researched the Fed. they dumped it a couple times, then the bankers got their ducks in a row and reinstated it in a manner that has lasted.

(0)

MCPO Roger Collins

>1 y

LTC (Join to see) - Why do we need a Central Bank, if they can not stabilize the dollar? $4T on their balance sheet and that's stabilizing the dollar? Wait until they have to eliminate that $4T, you may feel differently.

(0)

LTC (Join to see)

>1 y

As I noted ... all things are relative. The Fed's 4T pales in comparison with our government's 20T. Imagine if Congress or the POTUS could print money! Having said that, I am not a big proponent of the Fed, just less of a proponent of the federal government. BTW, Sqwerty says "hello" and "Merry Christmas".

(1)

(0)

MCPO Roger Collins

>1 y

LTC (Join to see) - Tell her I miss her and she needs to move over here where there are no biases overseers. She was my favorite poster on the old site.

(0)