Tag Archives: interest rates

Fed reduces rate to 1%


FEDERAL RESERVE KEY RATE NOW 1%:
As the BBC says, this means the Fed is now “running out of rates” to boost the economy; of course, they could always go to negative interest rates and toss pre-approved loan applications out of airplanes. Maybe they should take my suggestion: make Monopoly money legal tender — it amounts to the same thing. Time to take a closer look at the crime of fractional reserve banking and the rationality of Social Credit.