On 9/20/2011 2:20 PM, First Post wrote:
On Tue, 20 Sep 2011 06:49:58 -0700, John
wrote:

On 9/20/2011 5:22 AM, First Post wrote:
On Mon, 19 Sep 2011 22:17:23 +0900, "Brenda Ann"
wrote:



"First Post" wrote in message
...

Even if it is sitting in a bank savings account it is invested.
Seems one of the problems with the liberal mentality is very few of
you financially illiterate doofuses actually know what investing is.


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You haven't been out much lately, have you? Bank savings accounts, and that
includes CD's and IRA's, are not an investment. They don't even keep up with
rising prices or the devaluation of the dollar. Best I've seen even for an
IRA in about two years is around 2.5%. Savings doesn't even make a full
percentage point. Interest on a checking account is a joke, and not even a
funny one... in the 1/100ths of a percentage point.

Most pay between 6 and 25% interest on a credit card, the lucky ones at the
lower end. But you can barely earn a small fraction of that on what YOU give
to the bank.

It is still an investment. Where exsactly do you think banks get the
funds to make loans to anyone? Do you believe they just print their
own to loan out. That money comes from savings, CDs interest paid to
the banks on loans etc.

Funny, I point out that Hilton has her money invested regardless of
how she got it and you want to change the cubject by whining about
whether or not she has any lucrative investments.
Chances are she has her money in stocks and bonds and such thus her
money is being used by many more than just herself.


You have it back-ass-wards ...

Today it is inflation, they start up the presses and magically transform
x amount of dollars into 2x amount of dollars. Your wages go to 2x
amount of dollars, your bank account becomes 2x amount of dollars ...

But, dummy, your money buys 1/2x amount of dollars ... this is the "good
deal" al core and the criminals in public servant offices keep telling
everyone about ...

Look closely, you will notice only morons are believing it ...

Regards,
JS

I'm talking about basic principles of finance, not crazy assed
conspiracies. The argument was put forth that people like Hilton with
inherited money don't deserve it and do not benefit anyone by having
it. That is false and that is what my post addresses.



The only thing which would help there is, smite dumbass hilton with the
power of God, turn her to ash and take her money and feed and take care
of the poor and homeless ...

However, no such actions, like that, from God, in millennia, a shame too!

Regards,
JS