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ConocoPhillips Message Board

want2bik 23 posts  |  Last Activity: Sep 19, 2014 10:41 AM Member since: May 12, 2005
  • Reply to

    Fix income fund

    by want2bik Jun 30, 2014 9:38 AM
    want2bik want2bik Jul 1, 2014 12:07 PM Flag

    Facts are that the banks and the insurance company have my money and I do not receive a fair rate of return. The banks are using my money and paying me nothing. The fed is allowing this to happen telling us they have to save the banks. What they are doing is giving my interest to the banks. That is one reason why the top 1% are accumulating more wealth. You do not have to be that smart to figure it out. The old folk get nothing for their money as a result of fed policy.

  • Reply to

    Fix income fund

    by want2bik Jun 30, 2014 9:38 AM
    want2bik want2bik Jul 1, 2014 9:49 AM Flag

    How fast we go up is dependent on the fed. Since 2007 the rates have been going down because the fed wants to give our money to the bankers and insurance companies. Once they decide to stop giving our money to the top 1% we can start getting a decent return on our money. The fed seems to be happy to give our money to the top 1%. It will probably be slow in coming unless we have an inflation issue. It is pretty sad the way the treat the older generation.

  • want2bik by want2bik Jun 30, 2014 9:38 AM Flag

    Good news. Rates gone up to 3.35%. Hope this is a reflection of things to come.

COP
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