In the news and current events: Banks doing great..What a turn around. Ha ..Ha.. Ha.....,
this is true, but the other truth is that the people are being wiped out. Here is why:
(Assume that a person had $20,000 dollars in a CD account ,the average current interest rate is ".02%" that means that this person will earn .33 cents per month interest, if a person had a $100,000 thousand dollar CD account then that person would earn $67. per month at the going rate of .080%) those are actual current average interest rates offered by the Obama Government and Banks. However the banks takes that $20,000 and $100,000 dollars which the people place in the banks and turns around and loans those dollars out to other people and or business at variable rates which exceeds 6% to 8%, the return on these loans are unbelievable,the Banks earns approximately $100. off the $20,000 per month and $667. per month off $100,000, plus other fees which are charged to the borrower.
Yep the banks are doing great...Ha...Ha...Ha, and the people are being wiped out. It was before Obama took control of the banks that a person could earn $42. off the $20,000 per month at 2.5% and more depending on the length of the CD term, the $100,000 use to be able to earn approximately $292. per month at a rate of 3.5% on an average. Ask you're Banks about this and they will Tell you that the government set the rates and they cannot change it rates.
Here again,is Obama ripping off the American citizen, anything goes to destroy America.
Did you know that the National debt is now at "12 Trillion Dollars" and Obama has asked for the debt ceiling to be raised to "13 Trillion", and that his goal is to lift the National debt to "20 Trillion" and Congress is going along with Obama. If the National debt is increased , our children , you're children and their young children will never ever, never ever have any thing, they will suffer until the day that they die. And you must blame Obama.
We must stop Obama and the Congress from spending money, we the people give the government the Powers which they have, we the people need to cut off their money and stop them from making any more laws and stop the from spending money. "IMPEACH OBAMA NOW" "BEFORE IT IS TOO LATE"
Saturday, October 3, 2009
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