tag:blogger.com,1999:blog-300473759380947451.post3071000329234029187..comments2023-05-08T06:54:06.461-07:00Comments on Pixels, Politics, Posies and Pussycats: NOW I'M NOT SURE I UNDERSTANDJACKIEhttp://www.blogger.com/profile/11883028058826030899noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-300473759380947451.post-86979187675416241302005-09-25T17:54:00.000-07:002005-09-25T17:54:00.000-07:00When I opened my first savings account back in the...When I opened my first savings account back in the sixties, the interest was 5 1/4%. That was plain a old, passbook, you-could-have-$5-in-the-account-and-it would-still-earn-interest savings account. Now, you have to tie up your money for YEARS if you want to earn that much. Why IS it that interest rates on all the loans I take out or my credit cards are SO high, but I can't get a bank to pay me a decent amount to use MY money? You are right. It sucks. Lisa :-]Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-300473759380947451.post-39823564731662151432005-09-25T22:55:00.000-07:002005-09-25T22:55:00.000-07:00And why do the big banks charge a huge interest on...And why do the big banks charge a huge interest on loans? -- and the credit cards they issue? That interest doesn't get applied to our savings!! SIGHAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-300473759380947451.post-16244597106561599842005-09-29T20:56:00.000-07:002005-09-29T20:56:00.000-07:00Jackie,Our nation's banking system should be viewe...Jackie,<br><br>Our nation's banking system should be viewed as a criminal enterprise. If any other "storage facility" tried to get away with what the banking industry does it would be viewed as criminal. What most people don't realize is that the Federal Reserve system isn't even ran by the government: it's a private enterprise ran by the banking industry. Fractional reserve banking has alwasy been a criminal enterprise and it should be no surprise that is the backbone of capitalism. In a sane system, our money would naturally appreciate rathern than depreciate. Great post. <br><br>daveAnonymousnoreply@blogger.com