Comments on: The New “Death Panel” for Savers http://moneymorning.com/2009/09/25/fed-policies/ Global Investment News Fri, 12 Mar 2010 19:12:13 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: Carlos Comesana http://moneymorning.com/2009/09/25/fed-policies/comment-page-1/#comment-7723 Carlos Comesana Sat, 26 Sep 2009 11:08:22 +0000 http://www.moneymorning.com/?p=9108#comment-7723 As we have seen the government hesitated to nationalize - even temporarily - the financial system, but is now resolute in expropriating the country people savings via a minimun rate of interest in order to help the too big to fail and a broken system ! It is clear that the strongest voices and forces were on the side of this industry. Doubling the monetary base, plugging trillions into bankrupted financial entities, closing eyes to the still outrageous paychecks will bring back more problems in the future. Other could be the situation if the economic advisors to the President were not members of the revolving golden door team. As we have seen the government hesitated to nationalize – even temporarily – the financial system, but is now resolute in expropriating the country people savings via a minimun rate of interest in order to help the too big to fail and a broken system ! It is clear that the strongest voices and forces were on the side of this industry. Doubling the monetary base, plugging trillions into bankrupted financial entities, closing eyes to the still outrageous paychecks will bring back more problems in the future. Other could be the situation if the economic advisors to the President were not members of the revolving golden door team.

]]> By: robert eidem http://moneymorning.com/2009/09/25/fed-policies/comment-page-1/#comment-7722 robert eidem Fri, 25 Sep 2009 19:05:18 +0000 http://www.moneymorning.com/?p=9108#comment-7722 Great article Mr. Hutchinson! In this recession I've been fortunate to take advantage of one of the few things we can. Bought a vacation home on short sale and saved hundreds of thousands of dollars. R. Eidem Mpls., MN Great article Mr. Hutchinson! In this recession I’ve been fortunate to take advantage of one of the few things we can.
Bought a vacation home on short sale and saved hundreds of thousands of dollars.

R. Eidem
Mpls., MN

]]> By: Robert http://moneymorning.com/2009/09/25/fed-policies/comment-page-1/#comment-7721 Robert Fri, 25 Sep 2009 14:38:08 +0000 http://www.moneymorning.com/?p=9108#comment-7721 Our old friend social mood is about to deliver justice to savers. The Dollar appears to have completed its Primary degree wave pattern down, ironically enough, in the wake of the Fed's decision on Wednesday, and started a new uptrend of the same degree, signaling the deflation trade is back on, via the resumption of the wipeout of credit. Though the nominal interest rate may be diddly-squat, the real rate of return just from holding onto your money could end up in double or even triple-digits. Beware of holding money in the form of IOU's from a bank, though. Many more of them, including several Titanic banks, are going to be sunk by this powerful wave 3. Our old friend social mood is about to deliver justice to savers. The Dollar appears to have completed its Primary degree wave pattern down, ironically enough, in the wake of the Fed’s decision on Wednesday, and started a new uptrend of the same degree, signaling the deflation trade is back on, via the resumption of the wipeout of credit. Though the nominal interest rate may be diddly-squat, the real rate of return just from holding onto your money could end up in double or even triple-digits. Beware of holding money in the form of IOU’s from a bank, though. Many more of them, including several Titanic banks, are going to be sunk by this powerful wave 3.

]]> By: Richard Schwartz http://moneymorning.com/2009/09/25/fed-policies/comment-page-1/#comment-7720 Richard Schwartz Fri, 25 Sep 2009 14:07:43 +0000 http://www.moneymorning.com/?p=9108#comment-7720 What? I don't see commodity prices soaring. Bloomberg's commodity index is down from 893 to 445 and has only recovered to the 23.6% Fibonacci level this year. What? I don’t see commodity prices soaring. Bloomberg’s commodity index is down from 893 to 445 and has only recovered to the 23.6% Fibonacci level this year.

]]> By: Rob http://moneymorning.com/2009/09/25/fed-policies/comment-page-1/#comment-7719 Rob Fri, 25 Sep 2009 13:14:37 +0000 http://www.moneymorning.com/?p=9108#comment-7719 Why I don't believe a word Bernanke says: http://robparis.blogspot.com/2009/09/select-quotes-from-great-depression.html Why I don’t believe a word Bernanke says:
http://robparis.blogspot.com/2009/09/select-quotes-from-great-depression.html

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