Trump's plan to raise interest rates could be a disaster for America

Trump has spoken several times about how he doesn't like he low interest rates that the fed have kept in place since the great recession, thereby keeping our economy stable. Raising interest rates would, of course, put the brakes on the consumer economy as loans and credit card purchases would become much more expensive. It would be great for the big banks, however, because they will be able to extract much more money from the rest of us who are trying to pay off our debts. President Obama was smart to keep the rates low so that our economy and nation could recover In spite of all the negative statements and lies you hear from the right, our economy is pretty good right now and has been for a while largely due to the low interest rates.

Depending on what exactly he does and how fast he does it this could turn out to be a disaster for the economy. Let's hope Trump is smart enough not to tank our economy.

www.cnbc.com...

www.baskinwealth.com...

a reply to: CB328

Let's hope.

So president Donald will also be head of the Federal Reserve Bank?
He didn't mention that, last we spoke. I guess that will go a long way in thwarting those pesky " checks and balances", eh?

All powerful Trump controls the actions of the Fed too? He can do anything! In all seriousness, if Trump has half the ability that liberals ascribe to him perhaps he is the perfect President

Like it or not, interest rates need to start going up. It will suck when it happens, but part of the problem with the economy is all the extra, valueless cash that has been pumped by all the qualitative easing. One of the mechanisms to remove that extra cash that depresses dollar value is by raising interest rates.

Not to mention, with interest rates so low they might as well be zero, what incentive is there for people to save for the future? Your savings do not appreciate in value because they do not collect interest.

originally posted by: CB328
Trump has spoken several times about how he doesn't like he low interest rates that the fed have kept in place since the great recession, thereby keeping our economy stable. Raising interest rates would, of course, put the brakes on the consumer economy as loans and credit card purchases would become much more expensive. It would be great for the big banks, however, because they will be able to extract much more money from the rest of us who are trying to pay off our debts. President Obama was smart to keep the rates low so that our economy and nation could recover In spite of all the negative statements and lies you hear from the right, our economy is pretty good right now and has been for a while largely due to the low interest rates.

Depending on what exactly he does and how fast he does it this could turn out to be a disaster for the economy. Let's hope Trump is smart enough not to tank our economy.

www.cnbc.com...

www.baskinwealth.com...

Let me say this once again!! When Obama took office...

Gas almost $5 per gallon!

Housing crisis in full swing( you know the one Trump said Obama caused LMAO)

Jobless rates at an all time high since the GREAT DEPRESSION!

Osama Bin Laden still at large

Millions uninsured

Man people, it looks to me like things are a hell of a lot better now, hmmmm, Was Obama really THAT BAD?? Not perfect for sure, but come on people wake up!
His approval rating is more than 2X bushes when he left office.

So now Donald is going to undo what PROGRESS has been made! Instead of taking what Obama was doing wrong and making it better, let's just **** it all up!!!!!!

all the extra, valueless cash that has been pumped by all the qualitative easing

I don't know anyone that wants to give up their cash, do you? And Americans are too dumb and undisciplined to save anything anyways, that's why they voted for Trump because they think he will magically save them from being losers.

originally posted by: CB328

all the extra, valueless cash that has been pumped by all the qualitative easing

I don't know anyone that wants to give up their cash, do you? And Americans are too dumb and undisciplined to save anything anyways, that's why they voted for Trump because they think he will magically save them from being losers.

It's also why they voted for Obama in case you missed it.

originally posted by: CB328

all the extra, valueless cash that has been pumped by all the qualitative easing

I don't know anyone that wants to give up their cash, do you? And Americans are too dumb and undisciplined to save anything anyways, that's why they voted for Trump because they think he will magically save them from being losers.

This post illustrates perfectly why democrats now have less power than they have ever known. Governorships, state legislative bodies, the House, the Senate, the Presidency, and soon to be the Supreme Court are all in favor of another party, and they still continue to insult real people daily. It's actually quite sad.

a reply to: CB328

Trump is a businessman he know more about the economy right now than politicians that what they only do is waiting for inside information to make money.

If he sees the need to increase interest rates eliminate the influx of tax payer money to the banksters I am all for it.

And CNN is no longer a reputable source of information.

Interest rates do need to go up.
60 month cds are paying one percent.
Should be 6 or 7.

originally posted by: CB328

all the extra, valueless cash that has been pumped by all the qualitative easing

I don't know anyone that wants to give up their cash, do you? And Americans are too dumb and undisciplined to save anything anyways, that's why they voted for Trump because they think he will magically save them from being losers.

Well now we are getting somewhere. Why didn't you just post on self-loathing and your hatred of America and Americans? That way members would not be confined to only one bullsnip topic.

The trick is for interest rates to go up with a strong economy. Modest increases in rates in a booming economy will barely make any noticeable impact, in a weak economy they will kill you. What the Fed does here will show you a lot about their globalist interests.

And, of course, rising interest rates won't impact any loans you negotiated prior to a rate hike, unless you were unwise enough to get something like an ARM.

a reply to: ketsuko

Exactly. People need to realize that in order to fix things, or attempt to fix things, it is not going to be easy or fun. But it is better to take a hit now than a giant fall later. If it is even possible at this point.

Does everyone here think that near Zero rates for the last Decade or so is a good thing? How have you benefited directly? The rates went so low as it was the only thing keeping the house of cards from collapsing. They eventually have to move up. Right now ALL the money is in the Stock Market......it's the only game in town with the rates like they are. The FED has been talking about raising the rate for almost a year, so don't try to say it's a Trump plan.

The fact that interest rates are so low means the Federal reserve wizards believe the economy can not handle normal rates.
If the economy cannot function with normal rates we are in no way whatsoever in a recovery or boom.
Obama has been the caretaker of a zombie economy.

Thanks for admitting the obamaconomy has been a disaster.

why should we believe this?

The media and the liberals have been so wrong about everything that they have said about trump,they have NO credibility left when it comes to trying to predict what trump will do.

Trump will never get the republican nomination
Trump will never beat Hillary

For the next 4 years,whatever the liberal media says about trump, I`m just going to assume the opposite is true.

a reply to: CB328

it seems you don't understand how all this works. Interest rates are driven by the economy. The Fed decides what the rate will be based on lots of economic factors. Trump, Obama, Clinton, Bush, none of them were able to call Greenspan or Bernanke and tell them what to do, it just doesn't work that way.

I suggest some education.

originally posted by: Tardacus
why should we believe this?

The media and the liberals have been so wrong about everything that they have said about trump,they have NO credibility left when it comes to trying to predict what trump will do.

Trump will never get the republican nomination
Trump will never beat Hillary

For the next 4 years,whatever the liberal media says about trump, I`m just going to assume the opposite is true.

Why would we need to predict what Trump will do! Just a few things he said he will do..

He is going to build a wall and make Mexico pay for it (They said they won't but Donald said they will)

Get rid of the affordable care act

Raise interest rates

Stop and search

Deportations

Punish women who have an abortion

Also Trump does not believe in global warming, so he may change fossil fuel laws!
He is NOT MY PRESIDENT!

a reply to: CB328

They have been artificially keeping the rates low and they can't do it forever.

Also, its not like this has been a real "recovery" at all. Adding part time fast food jobs and saying they are just as good as full time full benefit jobs is no better than any other lie.