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View Full Version : Question to undecided: What happened to Americans saving their money?




Edu
11-22-2011, 11:20 AM
I was talking to a guy about Ron Paul, the guy is undecided and was just like a lot of other people I have talked to about politics, sort of going by whatever he's seen in the mainstream media.

He was probably over 40 so I said "remember when they used to talk about how you could save and get compound interest and eventually you would be rich? What ever happened to that?"

We started talking about how people don't save anymore, it's not worth it since interest rates are so low, and how people are now paying the bankers interest instead and are in debt and getting worse.

It eventually went into how that banks have been somehow given permission to lend out $1000 when they only have $100 in deposits. "What idiots decided that would be OK?".

Then I talked about how Ron Paul was the only one running that is talking about it and ending the problem by having sound money and ending the Fed.

I think it went pretty well.