Are Banks Starving The Elderly?
April 09, 2011
– Comments (6)
Right now, most savings accounts pay less than 1%, many pay less than 0.5%. However, borrowing rates range from 5% to 25%.
Never before in American history has banks been able to make OVER 1000% margins on the spread between savings and lending....
And people wonder why mainstreet is collapsing?.....Few seem to care that our elderly are having an increasingly difficult time surviving?
and mainstreet bailed out the banks.......
while the bankers are getting billions in bonuses which should have gone to pay higher interest rates to savers?
Yet the slaves remain silent......................................................................................................
In an industrialized system, where you need money to survive, when one can print money and you can't......you are functionally their slave.........
Didn't America abolish slavery a while back?
Are you still gambling with your ticker to make money?....I don't blame you really....there are really few other productive ways to invest your capital today.....Wall Street made sure of that.........as it kills mainstreet and staves the nation.
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