Posted on 04/23/2013 2:00:46 PM PDT by thackney
I’m too young to remember the high interest rates of 1980. I did think interest rates were going to get high with Obama, which never happened...
“I did think interest rates were going to get high with Obama, which never happened...”
The Federal Reserve sets the interest rates. Until Obama the Federal Reserve was (an unconstitutional) private concern that did not operate at the behest of the President. They have abandoned their charter. Also, Congress, by creating the Fed early in the 20th century, abandoned the constitution. The Fed has not been audited for its entire existence. We have been operating on trust. The most recent Fed chairman is a known tax cheat with the morals of an ally cat. (This unfairly denigrates ally cats.)
Uh... thirty years ago?
While depending on buying the same resources from the same source? Good Luck with that.
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