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To: who_would_fardels_bear
What savers? What's the point of being a saver these days. The Fed has destroyed the backbone of our economic engine: Savers.

The economic model is geared to markets these days. The commons is pushed into that, having more risk. Interest rates are pathetic, and being prudent is punished.

8 posted on 08/14/2011 5:20:24 PM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: Palter

You are right about savings. It’s useless. You don’t make anything on a market rate savings account. Treasury & the Fed’s policies make your dollars weaker by the day and buying power falls as inflation on consumables creeps up. And on top of that savings are taxed!


14 posted on 08/14/2011 9:06:51 PM PDT by newzjunkey
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