Banks no longer posting deposit rates?

[ultrarunner]

That's a valid reason, but I think it is being used to cloak the real reason they want a lower dollar.

1) They need to save the current "broken" financial system that has built up a lot of debt. Only way to do that is to be able to pay that debt down (with cheaper dollars)

2) The banks are so levered up through synthetic paper instruments that should any country or larger company/corporation fail, the banks fail, too.

3) They'll make good on the promises (entitlements/pensions/benefits) the gov't has made over the years. You'll get the amount they told you they'd give you...unfortunately, by that time, a loaf of bread will be $10 and a gallon of gas $10. Hey, they fulfilled their promises...and they'll feed us some BS on why prices are so high (and it won't be because they devalued the currency).

I agree about the inflation aspect... it is already fact.

Was surprised to learn that some banks are showing record profits as well as some companies...

 

[schoolsout]

Roach on U.S. Economy, Fed Policy, China, Europe - Video - Bloomberg