Does Anyone feel like Bailing

[tw]

Originally Posted by sugarpop

Meanwhile, they are crushing the very people bailing them out by charging exhorbitant fees and interest rates on things like cars. And the interest rates were supposed to go down on mortgages so people could refinance, but they went up again last week after the stock market went up.

Interest rates are ridiculously low. You may not realize that interest rates this low for this long was almost never seen. Also appreciate what is coming because we spent the last ten years spending wildly. Nixon did it in 1968 and 1970. Therefore the debts came due in 1975 and 1979. Do you remember what Paul Volker finally did to fix the economy? Interest rates of 20% were common. We still have either massive inertest rate increases or devaluation of the dollar to look forward to. Or both.

Appreciate where we are. The stock market crashed in 1929. Therefore the resulting economic turmoil got ugly many years later - 1933. You have let to see the damage created by the money games of this last eight years. You are still living the good times. If you think this is bad, you have no clue what even the 1970s were like.