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RE: 100% Proof That A Massive Economic Meltdown Is Closer Than You Think. By Gregory Mannarino

in #money7 years ago

Imagine this: In the 1970s folks were getting around 6 percent interest from bank savings accounts.

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I remember my mother-in-law getting double digit returns on her CDs in the early 90s

forgot to include, if the interest rates on the tbills goes much higher, we will be devoting 1/3 of tax receipts to the interest alone; and tax receipts are falling!