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Re:Bank transfers as a payment method by sumedh on Saturday November 27, 2021 @07:42AM (#29359730)
and by playing recklessly with interest rates, they inflate assets like stocks and real estate while destroy savings. While making these decisions they decide winners and losers and then privately trade stocks to get rich using insider information.
Re:Bank transfers as a payment method by johnsolo1701 on Saturday November 27, 2021 @08:02AM (#29359841)
But aren't most Americans' biggest asset their house, aka real estate? And their savings is their 401(k), aka the stock market?
Re:Bank transfers as a payment method by sumedh on Saturday November 27, 2021 @08:08AM (#29359864)
Does the US Fed have a some kind of official charter saying that they will keep on inflating assets by keeping interest very very low?