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Coffee Shop
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<blockquote data-quote="Anonymous" data-source="post: 1426970"><p>What is "interest"? Interest is the cost of money right? Then why in a "free" society is there an agency such as the Federal Reserve that dictates to basically the whole world what the cost of your money should be? On top of that, they dont even answer to anyone. They are just angels sent from Heaven that are doing whats best for everyone. HA!!! Current interest rates paid by bank will not keep up with REAL inflation much less make a profit. In my opinion that's why the stock market has soared. There is no where else to park money and see any gain in purchasing power. Seems a recipe for disaster to me. Uneducated investors pouring money in to try to get some type of yield. I sure don't know enough to play the game.</p></blockquote><p></p>
[QUOTE="Anonymous, post: 1426970"] What is "interest"? Interest is the cost of money right? Then why in a "free" society is there an agency such as the Federal Reserve that dictates to basically the whole world what the cost of your money should be? On top of that, they dont even answer to anyone. They are just angels sent from Heaven that are doing whats best for everyone. HA!!! Current interest rates paid by bank will not keep up with REAL inflation much less make a profit. In my opinion that's why the stock market has soared. There is no where else to park money and see any gain in purchasing power. Seems a recipe for disaster to me. Uneducated investors pouring money in to try to get some type of yield. I sure don't know enough to play the game. [/QUOTE]
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