Honestly is this a fucking joke?

This is what happens when your politicians are bought and sold 10x over by the leaders of big banks and big finance firms.

Money rules the world. And the rule is in the hand of the banks, the finance firms, and the oil people.

>keeping your money in the bank
LOL.
When I was in highschool I had like 600 bucks in the bank. Just sitting there, doing nothing. Now I have like 17 cents in there. I keep all my money in my Schwab account. Just so happen to have it inveested in BAC. Not only am I getting quarterly dividends, but I bought most of my shares in ~February at 11.98. Now its well into the 14's. I have an option to sell it at 16 in September.
Banks are a meme. The only thing theyre good for is cashing checks and their coin machines. And half the time they cant perform those tasks properly anyway.

And here I thought the economy had recovered :^)

home insurance being down is a good thing, one of the primary reasons for 2008 was banks giving predatory mortgages to people who couldn't really afford a home

food stamp usage isn't inherently a bad thing, its definitely a superior social program to just say cutting someone a check since you know its going to be used to feed them/their children rather than feed their addiction

federal debt is worrying, but as long as the GDP keeps growing at a faster rate its not going the end of the world

the rising cost of health insurance could be fixed easily with a single payer system but we can't have that. The republicans wont have it because OMG THAT'S SOCIALISM!!!

the rest are quite worrying but I haven't seen any proposals from the republicans that make me feel that they'd do anything to stop them, Ryan's solution has just been cutting social programs while maintaining ludicrous levels of corporate welfare. That's not a solution.

food stamps rapid increase since 2008 is an indicator of a lack of real job growth (that and labor force participation rate (which is at it's lowest point in yonks)) government job growth statistics are largely bs. large flat corporate tax cuts would be more beneficial than handing people free shit, as you encourage people to produce goods, instead of being parasites. increasing the purchasing power of the usd (good for everybody).

federal debt is growing to unsustainable levels where if interest rates rise by even 1% the interest owed on that debt is $200 billion aka a metric shittonne of the percentage of the government's tax income. The government will eventually have to default in one of two ways:
>Hyper inflate their currency to pay back all debt
the US may lose world reserve currency status because of this and would lose significant purchasing power, savings would evaporate, think venezuala except probably slightly less bad
>Have debtors forgive debt and pay debtors 30c on the $
US government would only be able to spend what they take in tax revenue, all social security, medicare, welfare programs would likely end, causing all those dependant on those parasitic systems to be cut off from "their" gibsmedat.
however they would still have the world reserve currency, and the purchasing power that comes along with that.

>single payer system.
You realise that the significantly higher cost of health insurance is due to Obamacare (and the state enforced insurance monopolies) (aka single payer system), the result of this is having the young working class male paying for: stacy's free abortion, juan's 7 kids health visits.

The single payer system forces those who can work, to pay for the health insurance of those who can't. Leaving those working people significantly less money to pay for shit they need, and with an inferior health service.

People like you are the reason the middle class is shrinking, and the lower class is growing.

5/10 cuz i replied

This is such a fucking shitpost that I can't tell if OP like or dislike the interest rate he is screaming about

Kys

Hahaha fucker
I get .02% and I have like $2k

Are you clinically retarded?

Food stamps adds unnecessary burden on money. bad people are still bad, they trade their Food card at a discount in exchange for cash for whatever they're indulging in, Its basically a grocery store gift card. worth less than the cash on it.

> federal debt is worrying, but as long as the GDP keeps growing at a faster rate its not going the end of the world
as long as... plz see pic related.
LoL

> single payer
LoL fix the problem sure but at the cost of innovation and progress. all the countries that implemented this are stuck with the meds we invented in the 70's. Stagflation forever.
Insurers already fix prices, and people with means are fleeing to foreign nations for superior medical treatment.
China is a single payer system. Corruption is rife. You don't show up to the doctor without a red envelope stuffed with cash. It can go very wrong.

I can get 0.65% at my local bank with 50k

my credit union gives 2.25% up to $5,000 in your checking account. Doesn't suck.

Also banks will suck for savings.

We Japan now.

Really though, does anyone else remember reading how spending peaks at, like 48 years old?

And how the US median age passed 48 in 2008?

NIRP's gonna be fun.

That doesn't beat inflation.

Your wealth is in a refrigerator: rotting slowly, but still rotting.

Why the fuck would anyone keep their wealth in something liquid like a savings account?

If you're dumb enough to do this you deserve to be poor.

Because the markets are going to shit all over themselves once interest rates increase.

I doubt it.

The only way interest rates will increase is if business investment rises and real unemployment continues to lower. An increase in interest rates is always going to have *some* negative effects on equities pricing due to the nature of discount rates, but markets would also interpret them as a sign of increased future growth.

Why the fuck would someone put their wealth in something as volatile as equities (which can drop double digits in an off year)?

Because they have no choice.

Bonds and savings accts used to be the standard for conservative investors.

But bonds pay low if not negative now. Savings pay nothing, less than inflation.

Ordinary people keep lots of their savings in banks, not ozt buried under their Alaskan bunkers or whatever the fuck libertarians are doing.

Look what happened to ordinary people in the Cypriot banking crisis of 2013: accounts with over 100,000 euro were fucked to pay for the nat'l debt and everybody was subject to capital controls (daily withdrawal limits) unless they had access to the London branch.

What's left? Real estate? Commodities?

Good luck with those.

>For free
Are you retarded?

>7 lies and 2 half truths: the chart
Stop. being. gullible.

>You don't show up to the doctor without a red envelope stuffed with cash. It can go very wrong.
This is entire mid&eastern europe aswell.

>Because they have no choice.
Fucking retarded. There are dozens of ways to deploy monies other than equities, most of which are easily accessible to common folks. CDs, annuities, bonds and bond funds, alternative investments, p2p lending, real estate and REITs, etc. Not to mention the opportunity of investing in education or retraining, and/or in entrepreneurial enterprises.

People choose equities not because they have no other choice, but because its the best choice for their needs and goals.

“Anyone claiming that America’s economy is in decline is peddling fiction.” Barrack Obama 2016

"The only useful metric for a nation's economy is interest rates." - Some fucking idiot on Veeky Forums 2016

Interest rates cut both ways you know. Better get that mortgage now before they go up.

Why would they pay for your money when they can get new money for free?

>bankrate.com/finance/cd-rates-history-0112.aspx

Take out loan.
Buy annuities.
Pay off loan with annuity cash flows.
Keep excess cash flows over loan payment amount from annuities.
Enjoy.

I get 100x that interest rate online in an FDIC insured barclays account. Do some rate shopping if this pisses you off so bad.

>ey pay for your money when they can get new money for free?

kek getting a mortgage nothxjeff enjoy your memedream

Theres nothing wrong with the rates the banks offer. Just be smarter with your purchases and switch over to bonds when you can.

>the rising cost of health insurance could be fixed easily with a single payer system but we can't have that.
lad, I'm not paying for HIV patients and people who have illnesses that could have been prevented by being responsible adults. The fact that Sweden had to make a law that said it was permissible to willfully contract HIV is just downright saddening. Taxpayers have to pay for those fetishes.

1.2m people in the US have HIV. Lifetime cost of the virus for each person is $379,000. Do math.

4.548E11 in lifetime costs for all those people.
Meh that's a drop in the bucket desu. I'd get where you're coming from if those were upfront costs for a year, but spread out over like 60-80 years, is doable, especially if we take care to add preventable measures to stop transmission.

When did Obama started or bush?

I get 0.8% in Canada on all balances, no fee banking too.

Your face when there are still bonds earning 17% over a 30 year

Not. An. Argument.

>455 billion dollars is a drop in the bucket
woah there Mr. Trump where'd you get that kinda money?

How fast can you get your money in your hand as cash from that schaub account?

You're absolutely neglecting to properly account for the value of liquidity. Being able to move your money quickly is incredibly valuable - definitely worth more than whatever CD you'd be stuck with (still losing money to inflation)

>Being able to move your money quickly is incredibly valuable
No its not. Only retards jump from investment to investment according to their fears and guesses. Sure, liquidity is nice, but it really depends on your goals and needs. Most people really don't need liquidity -- they just think they do because they're bad at investing.

>greek bonds
high yield bonds is another way (and polite way) of calling them junk bonds

Kill yourself