Guess How Much Interest You Earned Since the Fed Increased Rates? Hint: Your Grandma is Upset

in #money7 years ago

The Fed has been casually, slowly, and in agonizing leisure, increased interest rates. Commercial banks usually follow suit by passing that off onto their customers. Increased rates on savings account means more people saving. That means more money in their pockets over time. But what happened this time around?


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In This Episode:
The Fed has been casually, slowly, and in agonizing leisure, increased interest rates. Commercial banks usually follow suit by passing that off onto their customers. Increased rates on savings account means more people saving. That means more money in their pockets over time. But what happened this time around?

fed federal reserve central bank

How Long Will Banks Screw Their Customers On Deposit Rates...As Long As You Allow Them To | Zero Hedge
http://www.zerohedge.com/news/2017-07-12/how-long-can-banks-screw-their-customers-deposit-ratesas-long-you-allow-them
Want a Higher Interest Rate on Your Bank Account? Tough Luck | Fox Business
http://www.foxbusiness.com/features/2017/07/12/want-higher-interest-rate-on-your-bank-account-tough-luck.html
Americans are hoarding money in checking accounts
https://www.usatoday.com/story/money/2017/07/13/americans-hoarding-money-checking-accounts/472736001/
Monthly Federal Spending Tops $400B for First Time
http://www.cnsnews.com/news/article/terence-p-jeffrey/monthly-federal-spending-tops-400b-first-time
In SF, family earning $138K may soon qualify for 'middle income' affordable housing - SFGate
http://www.sfgate.com/local/article/SF-family-of-two-making-less-than-138k-now-11284347.php#photo-13030609
IMF warns Canada on housing, trade; urges caution on rate hikes
http://www.reuters.com/article/us-imf-canada-idUSKBN19Y1VW
IMF Executive Board Concludes 2017 Article IV Consultation with Canada
http://www.imf.org/en/News/Articles/2017/07/13/pr17278-imf-executive-board-concludes-2017-article-iv-consultation-with-canada
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Peter W. Smith, GOP operative who sought Clinton's emails from Russian hackers, committed suicide, records show - Chicago Tribune
http://www.chicagotribune.com/news/local/politics/ct-peter-smith-death-met-0713-20170713-story.html

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Solid info as usual @themoneygps

Deposit are definitely not to be considered safe by any means. Not for me anyway.
😉😏😎

Time to take the control out of the hands of the real criminals! For they will screw anyone as long as they allow it.
Indeed, the case... for the moment anyway.
"Buy Bitcoin" 😝😜😋🤑😏😉😎

Thank you for all of the time, energy and effort you put into your work.
You are appreciated! Steem on 🐳!

Agreed.

And thank you!

In your opinion, are deposits safe?

@themoneygps ha-ha you make me laugh with this baiting question - I hope you get a long chain of replies on this thread ;)

I am not going to give you my "OPINION" - rather, here is the fact:
Bank deposits are unsafe, because:
The New Rules Have Gone Into Effect.

Or download the 2012 FDIC pdf file: The FDIC and Bank of England have codified the new global financial rules into policies

The banking cartel made their protection racket very clear with “Resolving Globally Active, Systemically Important Financial Institutions”.

Thank you for the info!

Blockchain policy implementation is coming and many citizens haven't heard this yet.

Do you recall back in 2013 Martin Armstrong wrote:

We are headed into an electronic currency regardless of what people say. Bitcoin will not survive, but it is useful to get people accustomed to a cashless society. The difference will be that the government version will be no “anonymity” and what it being touted as a benefit is the elimination of crime...

Sharing the evidence that reveals the globalists' script for civilization is what my efforts are focused on. Decades ago it was a many disparate pieces to a jigsaw puzzle, today many of the pieces are fitted and reveals much, but not all.
However, I find value in this research - it allows forecasts and signals emerging events - much like a farmer needs to know the seasons and the approaching storm clouds to be better prepared and respond appropriately.

not only savers have been royally screwed but investors as well. since the "yellen put", volatility has been almost non-existent. That means option premiums are much lower for those of us who sell options to earn income.

There is no interest in savings for anyone. Banks offer nothing for us. I would think that most of the money wouldn't be hoarded in banks but put into other areas such as Gold, Silver, and Cryptos. I can see this taking place for the retirees though. I don't want any cash in the banks. I keep only the bill paying amounts in there.

I agree. Banks are great for our day to day but it's crazy to keep that as a place for savings as many do.

Time to diversify out of the $US. Gold, Silver and major cryptos. Some cash on hand. Remember food is always a good investment. I expect asset price deflation due to tight credit coming, and, consumer price inflation due to supply problems. Cash in the bank is cash at risk.

All great points.

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