Ten years of Bailouts and zero interest rates -- results

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Mike G
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Ten years of Bailouts and zero interest rates -- results

https://www.theburningplatform.com/2018/09/03/10-years-later-no-lessons-...

This month marks the 10th anniversary of the Wall Street/Fed/Treasury created financial disaster of 2008/2009. What should have happened was an orderly liquidation of the criminal Wall Street banks who committed the greatest control fraud in world history and the disposition of their good assets to non-criminal banks who did not recklessly leverage their assets by 30 to 1, while fraudulently issuing worthless loans to deadbeats and criminals. But we know that did not happen.

You, the taxpayer, bailed the criminal bankers out and have been screwed for the last decade with negative real interest rates and stagnant real wages, while the Wall Street scum have raked in risk free billions in profits provided by their captured puppets at the Federal Reserve. The criminal CEOs and their executive teams of henchmen have rewarded themselves with billions in bonuses while risk averse grandmas “earn” .10% on their money market accounts while acquiring a taste for Fancy Feast savory salmon cat food.

Bruce Libby
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Friskees is still only .48 a

Friskees is still only .48 a can at Walmart and bigger can than Fancy Feast

JackStrawFromWichita
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“while risk averse grandmas

while risk averse grandmas “earn” .10% on their money market accounts while acquiring a taste for Fancy Feast savory salmon cat food.”

The largest money market mutual fund, Vanguard Prime Money Market Fund, is paying 2.08% this morning…

JackStrawFromWichita
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"Friskees is still only .48 a

"Friskees is still only .48 a can at Walmart and bigger can than Fancy Feast"

Have you personally tried a taste test to see what is the best value for your money?

Tom C
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Both parties are in on the

Both parties are in on the bank scam - you think Hillary raised over a billion dollars from hippies in Birkenstocks who sent her $25?

At least the Republicans say they are for business. The 'rats stir up hate - and then scr#w their supporters.

Bruce Libby
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No, Jack I rely on my very

No, Jack I rely on my very jntelligent cats to determine what is best for themselves.

They prefer Friskees validating the investment/expenditure.

Economike
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Yawn. "....criminal bankers.

Yawn. "....criminal bankers..." "....Wall Street scum..."

Again another cut and paste post from Mike G., who seems to spend his time searching for rancid financial commentary he can't explain using his own words.

Matt
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Oh look, Egomike’s an

Oh look, Egomike’s an apologist for Wall Street alchemy.

Big surprise.

Mike G
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Matty make a good point!

Matty make a good point!

Can you imagine anyone saying that you should put your money into a local or national international bank and get zero interest on your deposit?

Why the f would that be? the bank doesn't care whatever you deposit, because the goddamn FED will give the bank all the money the bank wants at zero, and then allow that same bank to put it into a FED account that gives that same bank positive interest.

Who the F are you emike, that you won't even accept that common understanding, I know you aren't an idiot, but I expect, let's say politely, you have an agenda.

Economike
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Actually, I'm an apologist

Matt and Mike G. -

Actually, I'm an apologist for Wall Street chicanery, Wall Street monkey business, Wall Street shennanigans, and Wall Street shell games. But definitely not Wall Street alchemy. That's a mean accusation. Ouch.

And, of course, I've been saying everyone should save at zero percent interest, as you know from my numerous posts on the subject. In fact, I made them do that! Because - yes, you've smoked me out - I work for the Fed. And, as you suspect, the Fed dictates interest rates everywhere and always. Grandma would have gotten eleven-percent on her CDs if not for my skuldugery.

You two make a cute team. And you're way too smart to fool. I give up.

Mike G
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How stupid do you think the

How stupid do you think the average six pack guy is Emike?

The banks can charge us 18 percent interest on a credit charge debt yet pay us 0.10 percent on a savings account deposit?

That is quite a healthy profit is it not, I let the bank keep my money at no interest, and then they lend it to joe asshole at 18 percent, such a deal.

What better deal can they get, borrowing the money? the money produced out of no where, just digits on a balance sheet at absolutely ZERO percent and then loaning it to joe asshole at 18 Percent!

So does that explain why the old lady gets 0.10 percent? no obviously not. It's because Mike G doesn't understand economics like Economike does!

So I guess the old lady should have put her hard earned savings into Lockheed Martin, the dumb C, the otherside of FED policy.

And as far as just the FED, we have the EU paying out negative interest, meaning if you buy their bonds, deposit your money, say 1000 bucks they will pay you 900 bucks when you want it back. Is there any central bank chicanery going on across the globe in the west? naw Mike G is just an idiot doesn't understand, high finance. Like smoking crack, doesn't appreciate the high.

Economike
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Mike G. -

Mike G. -

You seem to believe that there are no real interest rates, only artificial rates that are controlled by "criminal bankers."

In reality, interest rates are a price: the price of credit. Central banks can resist markets to some degree, but can't control them.

Banks can charge 18% on credit because real people are willing to pay it. But Grandma can't get 9% on her CD because, out of millions of real people with money to lend, no one's paying 9%.

Mike G
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Interest rates are controlled

Interest rates are controlled by the market, you say.

So why since the FED started raising rates has home mortgage and student loan rates similarly increased, the market drove those rates up and not the FED.

You think that the FED loaning money at low rates to banks had no affect on rates on mortgage student and savings. It was all market. OK

anonymous_coward
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The fed controls short term

The fed controls short term interest rates, not long term.

There is a loose correlation between the two, but it's a lot more complicated than that, since it's a different supply/demand pool.

Melvin Udall
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You're diving into the nuance

You're diving into the nuance pool there, and there's not too many here that can keep their head above water in such deep thoughts.

And E, mattzine awarded 18,000 racism demerits for your use of the term "monkey-business."

Economike
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Mike G. -

Mike G. -

No one, except strawman, claims that interest rates are "all market."

And, to anticipate, no one has claimed that the Fed's bailouts weren't corrupt, at least in part.

But, ultimately, interest rates are set by the market - that is to say, the calculations of individual participants - and not a conspiracy of criminals.

Mike G
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Date

Date

1 mo

3 mo

6 mo

1 yr

2 yr

3 yr

5 yr

7 yr

10 yr

20 yr

30 yr

09/04/18 2.00 2.13 2.29 2.49 2.66 2.73 2.78 2.85 2.90 2.99 3.07
09/05/18 2.00 2.14 2.30 2.49 2.66 2.72 2.77 2.85 2.90 3.00 3.08
09/06/18 1.98 2.13 2.30 2.50 2.64 2.71 2.76 2.83 2.88 2.98 3.06
09/07/18 1.98 2.14 2.30 2.53 2.71 2.78 2.82 2.89 2.94 3.03 3.11

A coward here is a list of treasury bond rates the last being 30 year, the first 1 month.

Can you imagine locking into a 30 year bond at 3 percent and change, while a 10 at 2.9

Is that your long term interest determined by the market?

Tell me A Coward where do I get a 30 year bond for greater than 3 percent, Russia, Zimbabwe, Venezuela, Iran? Lockheed Martin?

Is that where inflation is in the good ole USA 3.11 for the next 30 years? gag me with a spoon.

Economike
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Mike G. -

Mike G. -

As usual, you're thinking like a Soviet commissar. Your reasoning goes something like "No rational person would buy a bond at x percent, therefore someone forced him to buy that bond." Let's find that villain (i.e. "criminal" or "scum") and blame him for the wrong price.

Those bond prices you quote are real prices that real people are willing to pay.

A little humility might advance your cause. Maybe people aren't as stupid as you think they are. Your whole routine is a parody of oblivious self-righteousness.

Mike G
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Obviously I'm not alone,

Obviously I'm not alone, because as you originally said in your post on this thread, I'm just pasting and posting articles that I have no real knowledge about. Kinda like a stenographer, right

But that is rich, Economike, you lecturing me about humility.

Melvin Udall
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Not as rich as you lecturing

Not as rich as you lecturing him about knowledge.

Matt
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It would appear the aids are

It would appear the aids are letting Udall use the rec room computer again.

Mike G
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Have some respect for your

Have some respect for your elders Madeline, he'll give you 20 seconds of pure fury before he collapses in a heap

https://www.schiffradio.com/investors-smoking-ep-387/

More smoke and mirrors?

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