SmithBarney/MorganStanley investiment advisor tells how to get high interest rates on Monday January 23, 2012.

http://www.prosefights.org/roofleak/t4/pics28/randall.mp3

Geech!  We’ll gamble on landscaping investment despite falling home prices.

I highly recommend checking out BillMoyers.com. If you haven’t seen his new TV
program, currently focused on crony capitalism, the full programs are available
there. The second program features David Stockman and Gretchen Morgensen.
Stockman’s description of the role of the Fed in crony capitalism is both ironic,
given his Reagan era role as Budget Director, and telling because he’s been inside
investment banking/Wall Street. Apparently he’s having buyer’s remorse on “free
market” capitalism or maybe his conscience emerged late in life. Either way, its a
sharp and specific enumeration of how the Money Party (Dims and Rethugs) rules
our political system.

Opinion is that Geithner and Bernanke destroyed the US retirement systsem to save wall street.

Low interest rates caused us to invest in landscaping.

http://www.prosefights.org/roofleak/t4/t4.htm#herzog

We were laddering CDs.

Free market my ass.

So…the Fed (controlled by banks) decides to keep interest rates at a virtual 0% for
the next two years, on top of that rate being in place the past three. Why? To
“stimulate” growth. The only thing that rate stimulates it the accumulation of cash
by corporations who sit on it. It also “stimulates” the banksters…such as Goldman
Sachs, Citigroup and the other “too big to fail” wealth extractors…to borrow free
money, charge exorbitant rates on credit cards and loans plus “fees”, pay big
bonuses to their CEOs and owners, hire even more lobbyists to bribe Congress
and state legislatures…you get the picture.

Obama’s Dept. of “Justice” under ex-Wall Streeter Eric Holder has failed to
prosecute serious fraud. Dodd-Frank is a joke and getting funnier thanks to both
Republicans and conciliatory Dims. In other words, nothing’s changed and nothing
will change, even if Obama is re-elected. Given the current Repugnican clown
show, that re-election may happen. But, in the end, like Clinton, Obama will
continue to perform as a “moderate” Republican.

More manipulation. So the Banksters get years of Zero Percent interest, and do
they pass it along to consumers? No way. Do I get to save for my retirement by
getting 5% interest at my credit union? No way. Do I want to invest in the stock
market casino? No way. ‘‘Too-big-to-Fail’’ banksters rule again.

Though I don’t claim to know squat about all this economic doublespeak and what it means in the “big scheme of things” what I do know is every time The Fed decides to keep interest rates low the return on my savings gets more ridiculously low. It has inched up to near one half percent now but this will probably send it back down.

And at the same time interest rates on regular loans have not gone down much and credit card rates are upwards of 18%. Not that it matters since I owe no debts but how is all this supposed to help anyone but the huge banks who can borrow for nothing and then rake in the profits while stiffing their customers.

It all seems mighty disgusting that the whole economic system is only concerned with the super rich corporate SOBs yet they try and pass it off as a benefit to everyone. And they still haven’t figured out what OWS is about. Dumbshits.

I try my best to read and understand this economic stuff, but I swear it strikes me as some kind of play-dough that more or less “means what I want it to mean.”
  For instance:  “The Fed can influence current interest rates directly, but its influence over future rates depends on what investors think the Fed will do in the future.” Shocking as it may seem what this really says (if I am not mistaken) is that whatever the Fed decides to do about interest rates (from 1 to 10?) depends not upon facts and figures (as one might expect)but upon “what investors think the Fed will do in the future..” !!!  Prognosis?
Crystal balls? “Weighted” opinions?  Whose? How much weight? etc. etc.
  Gradually I feel insanity creeping up on me.  It’s not as if people’s lives will go on happily in spite of what somebody “thinks” the Fed will “decide.” It’s that people’s lives never seem to figure into the figures!  Egad!
  Is there no reliable system that might systemize the present system?