Fed Reserve Fails to Reflate the US Banking System

dj- Maybe get rid of them ? Thats EXACTLY what is necessary ! Consider this for a remedy to our present day financial " crisis ". End the Feds role in governmental banking & audit it ASAP to determine its past errors & who benefitted from them. Consider our present debt as " A Wash " . Paid in full ! Pull out of both wars & close half our worldwide bases ! Deport ALL illegal aliens ASAP including ALL anchor babies. All of a sudden we look healthy again dont we? In the black about 14 trillion !

Great thing is giant banks will never fail and never have to perform. No need for big bankers to even try. Just get on that federal welfare.

Fake... you can see the strings

Holy crap!

Why I'm not moving?

1. I'm broke and in debt.

2. My family, friends, and job are here. I have none of those outside of the U.S.

3. It's the same stuff everywhere, or even worse!

4. 4xtech said in an earlier post, "Obama will wave his magic wand and make it all better" and I'm steadfastly pinning all of my hopes and dreams on that.

When you say 20% a year, how is that measured? I'm not sure what you mean by it. And, do you have any words of advice for those who can't afford to pay off their houses?

I meant an escalating level of inflation, tyopping off at 20%, measured on a yearly basis. For example, inflation at 12% in 2015 (say), 15% at 2016, topping at 20% at 2018 before falling to lower (but still historically high) levels of yearly inflation.

If you can't afford to pay off your house immediately... hmmm. IF you are financially rock solid, I recommend that you renegotiate your loan, to lock in todays low rates for as long as you can.

These are the lowest rates we will see for a generation. BUT, you must be able to maintain payments for at least 5 years, no matter what.

You have a job, friends, and family. You are right not to give them up - that kind of invisible wealth is pure gold in hard times.

Seriously, get out of as much debt as you can - especially credit card (and other hgh-interest) debt. Consolidate your debt, and get it on a low-interest account. See if you can renegoitate payment terms.

usa and the world should do what canada did to their banks long ago. we got the #1 banking system int the world right now :)

we dont even got a recession. we only lost steel jobs and car jobs thats it. we are stable.

the united states should do the same

Socialize it and run a Welfare State?