Comments on: Ben Bernanke Lobbies for Low Interest Rates

By: snewsom2997

snewsom2997 — Fri, 03 Feb 2012 21:09:56 +0000

Posted by: Dugese | February 3, 2012, 1:48 am 1:48 am—-I didn’t know I had a Constitutional Responsibility to spend every dollar I earn. You just specified why the safety-nets are unsustainable, they require everybody to spend every dollar they have, and then a bunch they don’t, and that following generations be bigger and spend even more money they don’t have. That is not how an economy works, people demand stuff and other supply that’s it.

By: snewsom2997

snewsom2997 — Fri, 03 Feb 2012 21:05:05 +0000

Posted by: Dugese—Economies do shrink, and they should shrink, nothing grows forever.

By: Dugese

Dugese — Fri, 03 Feb 2012 06:50:43 +0000

We’re having trouble recovering from the worst liquidity crisis in nearly 100 years. By railing against the Fed adding liquidity the Republicans are truly showing their sociopathic side.

By: Dugese

Dugese — Fri, 03 Feb 2012 06:48:17 +0000

I can’t believe our politicians and the morons who believe them. If we pull back liquidity so that savers and senior citizens money grows in value that is called Deflation, and it will crash the economy. Savers are people who pull their money out of the economy, they are not even contributing by investing their money intelligently. They want the impossible, because they not only want their savings to grow in value without taking any risk, inherently collapsing the economy for everyone who is actually participating in the economy, and then they expect the economy to still somehow magically support medicare and social security payments for them, they expect the companies that will no longer exist to pay their pensions. They really need to listen to Bernanke on this one. The Republicans and anyone who believes them are completely clueless when it comes to economics.

By: The_Mick

The_Mick — Fri, 03 Feb 2012 05:40:51 +0000

“Bernanke said the Fed was aware of the effect of low interest rates on savers…” +++++ He must also be aware that the Seniors, rather than the very wealthy, the bankers, etc. are taking the hit to keep the economy solvent. So is Boehner, Reid, Obama, Romney, etc. and not a single one of them has called for a “stimulus” for retirees.

By: newcountryman

newcountryman — Thu, 02 Feb 2012 23:42:25 +0000

I still have dozens of gold coins I’ve bought over the years including 20 double eagles. Diversification is the key. I’ve also kept a nest egg with CD’s. I also have stocks and bonds. Don’t chase the latest hot market tip like…….facebook.

By: newcountryman

newcountryman — Thu, 02 Feb 2012 23:38:54 +0000

Like trying to blow up a flat tire with your mouth.

By: Seasoned

Seasoned — Thu, 02 Feb 2012 23:18:21 +0000

I am not the sharpest knife in the drawer but I really find it surprising that the average person can’t see that we will all sink into the abyss. First your dollars won’t earn any interest due to the Fed Policy of low interest rates. Then inflation makes what money you have worth even less and then the Fed is printing money as fast as they can to devalue the dollar even more. By the year 2014 you will be able to heat your house with your money by burning it as it will have no other value by then.
Elections matter ……kiss the middle class good-bye

By: snewsom2997

snewsom2997 — Thu, 02 Feb 2012 20:49:47 +0000

Posted by: Barb—-CD’s are good as long as the interest rate is greater than inflation, that is the problem with everything except volatile stocks and commodities, most do not return greater than inflation. The big determinant will be whether The US can keep its reserve currency status, if that goes, even insured FDIC accounts will not be safe.

By: Give Me a Break

Give Me a Break — Thu, 02 Feb 2012 20:43:44 +0000

Interest rates are being kept artificially low because the Government wants to keep borrowing on a massive scale. Imagine the interest payments on the national debt if rates go up. That’s all they are concerned with and those who have tried to save be damned. Housing has not, and will not, come back even with the low rates and the consumer is stuck with double digit credit cards. Yeah, this administration loves the middle class – NOT!!