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So it’s not my fault then? Of course I learned my lesson. I thought if I have perfect payment history, they won’t raise my rate. I was wrong. Imagine if your mortgage company came to you 3 years after your got you loan and said they were raising your so called original fixed rate because...

I have thought about this, but not seriously yet. For 6 years I have tried as hard as I can to maintain good credit. I didn’t realize Chase was even changing the rate until I got my statement. Now when WAMU sent my statement and said they were doubling my rate, I closed the account so that I...

QUOTE]Quote from tradersboredom: nobody like real inflation including the rich but inflation is a reality in the long term if yo uare in cash. majority of people don't hold cash. most of peoples wealth is in their house. and don't forget most people are in debt. inflation also destroys...

Inflation is the way the Man sticks it to the little guy. Wages never go up the same rate as inflation. If inflation is 5% and your paycheck only goes up 2% (or nothing at all for a lot of people) you got screwed 3%. Multiply that by 30 years and all of a sudden you have a middle class that is...

How come everytime I talk about me and other people who work hard and play by the rules and then have nothing to show for it, I am told they didn’t work hard enough? Or they should have spent even more money on school or something else like that. I started a business a few years ago. It...

Hey Bush, there is no such thing as jobs Americans won’t do. There is only such thing as jobs employers won’t pay an honest wage to perform. Just because somebody from another country will work for next to nothing (sometimes under the table), doesn’t make it right that the employer to do...

IMO free markets are an excuse to legitimize companies screwing customers and employees. I have had a credit card with Chase for 5 years. I have perfect credit history on all of my accounts. 2 years ago they rewarded me by tripling my interest rate. Their reason? They deemed I was "in a higher...

It's good for intrday swing trading, but not scalping. I was also surpised that they wouldn't change my account. They're getting no business from me now. I think they would have closed the account anyways, so they wouldn't have had a problem with the sec. Like I said, I'm pretty sure they don't...

I went to their open house and I don’t think they really made it clear. Earlier this year I briefly traded with them with a security deposit. I closed the account and they sent my deposit back. I don’t think they do this anymore because of what happened with Tuco, which they alluded to...

Everytime I listen to Dodd, I realize why Congress has an approval rating of 11%. Didn't Dodd get a cheap mortgage from his ceo buddy? Why do we have these hearings where Congress grills everybody else on why they didn't do things right? Hindsight is always 20/20. Anybody can say you should have...

Because maybe we're not the ones getting the new money. On top of that, the value of the money we already have is being eroded because of the increase in the money supply.

Then what do you propose we do? From what I read most of the recessions in the 1800’s were caused by the British trying to mess with us. You don’t believe in the gold standard, but you say banks manipulate the money supply. Why would we continually need to find gold? Why does the money...

OK it seems I was wrong about the amount of volume they do. The NY Times said they do about 9 billions a day, about 20% of the volume during those hours. But I still don’t see how they can have that much of an impact. If they’re doing it through fx brokers, they are just bucket shops. They...

Yes we do have a fundamental difference. I think our money should be backed up by something. You think a secretive banking organization should control the money supply, so it can benfit the rich. I know Nixon took us off the gold standard. He is to blame, but Volker had a signinficant role...

It’s not about slowing or speeding up the economy, those are just code words. The Fed lowers interest rates during slow downs because the lower rates encourage more borrowing. Lending is what creates new money (increase in the money supply). This creates inflation, which props up prices. This...

You sum up my points. Wages never keep up with inflation. It's how the Man screws you year after year.

You still haven't addressed my specific points. 1. Volker was intrumental in getting rid of the gold standard which allowed money to be printed up, which created the inflation that he then cured by jacking up interest rates. That is like me lighting a house on fire and then wanting to be...

I'm sorry, my purchasing power and hard word is being erdoded away because the Fed wants to let banks print money and I'm not supposed to complain about that? What's this country coming to? Should I work twice as hard so the Man can make more money? Just to clarify. I think we should have...

The Fed no longer publishes the M3, which as I understand, is the true money supply. Probably because they don't want anybody to know how much money is really out there. The CPI is a fake index the government uses to screw all those whose retirement checks are tied to it. The Fed might...

Don't count on it. I work at a restaurant and they won't lower prices unless they have to. They might offer specials on certain things, but don't expect more than that.