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Old March 22nd, 2011, 01:29 PM   #1
aber61
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Our Dollar is ?????

Is printing more money going to fix the problem?
Interest rates are going to be going up, so if you're not locked in, do it now. If you plan on buying something and need to get a loan, save your money. Your going to need it.
If you have debt get it paid off asap.
I think we are in for a bumpy ride.

http://www.nationalreview.com/articl...xits-jim-lacey
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Old March 22nd, 2011, 02:32 PM   #2
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the Banksters screwed the pooch and now we keep printing play money to cover their greed and no one, not one went to jail
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Old March 22nd, 2011, 03:30 PM   #3
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the Banksters screwed the pooch and now we keep printing play money to cover their greed and no one, not one went to jail
Banks print money? Well that sure is a new one to me.
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Old March 22nd, 2011, 03:34 PM   #4
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here is the deal with the dollar

back in 2007 i would get $150 US for $100 Canada Money

Today i get $96.57 US for $100 Canada Money

That is how bad the US Money is getting.
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Old March 22nd, 2011, 11:31 PM   #5
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Originally Posted by aber61 View Post
If you have debt get it paid off asap.
If your debt is at a fixed interest rate, and you are expecting interest rates to climb and high inflation, wouldn't it be in you best interest to pay off as little as possible now?
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Old March 23rd, 2011, 06:19 AM   #6
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Banks print money? Well that sure is a new one to me.
Where in that does it say that banks print money?
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Old March 23rd, 2011, 06:40 AM   #7
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Quote:
Originally Posted by brewmenn View Post
If your debt is at a fixed interest rate, and you are expecting interest rates to climb and high inflation, wouldn't it be in you best interest to pay off as little as possible now?
Paying interest is never good. If you have no debt and rates go up , who cares?
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Old March 23rd, 2011, 08:09 AM   #8
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Where in that does it say that banks print money?

It doesn't say that but in effect they do print money everytime they make a loan. Although most money isn't printed today, it's digitally created from nothing.

It's called fractional reserve banking. A bank only needs 10% of the money they loan out. The other 90% is "created" (or printed of you like) by the central bank. When the money is paid back it all goes to the bank, who then loans all of it back out and creates 90% of that money too.

It's good work if you can get it.
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Old March 23rd, 2011, 08:47 AM   #9
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Originally Posted by brewmenn View Post
If your debt is at a fixed interest rate, and you are expecting interest rates to climb and high inflation, wouldn't it be in you best interest to pay off as little as possible now?
With debt it is a good idea to pay it all off as quickly as possible. With the way things are now and with the threat of everything going up, food gas clothes etc. it would be good to have the money for living expences. Free up your cash is the way I see it.
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