CD rates are back up to decent % - 4.85% for 1 yr

davidmcbeth3 · Post by **davidmcbeth3** » Sat. May. 13, 2023 3:39 am

k-2 wrote: ↑
Fri. May. 12, 2023 10:39 pm
snip

Helps with the coal too.

Don't let him leave. lol

waytomany?s · Post by **waytomany?s** » Sat. May. 13, 2023 8:09 am

k-2 wrote: ↑
Fri. May. 12, 2023 10:39 pm
Heck ill throw in a lobster dinner but seriously hes a good kid and helps us a lot as were getting up there in age and hes the young strong buck that can run up and down stairs for fun. So i should count my blessings. Helps with the coal too.

Make sure you invite him for dinner the day you get the coal delivered.

k-2 · Post by **k-2** » Sat. May. 13, 2023 9:34 pm

At a certain age you can count on one hand those you can really depend on. Now that im not young and invincible anymore i appreciate every kindness extended by others wether family or not family and try to return it in spades.

waytomany?s · Post by **waytomany?s** » Sat. May. 13, 2023 9:56 pm

k-2 wrote: ↑
Sat. May. 13, 2023 9:34 pm
At a certain age you can count on one hand those you can really depend on. Now that im not young and invincible anymore i appreciate every kindness extended by others wether family or not family and try to return it in spades.

Age matters not one bit. If you find someone who you can count on keep them in your inner circle, thank them and remind them that you appreciate them.

k-2 · Post by **k-2** » Sat. May. 13, 2023 10:17 pm

waytomany?s wrote: ↑
Sat. May. 13, 2023 9:56 pm
Age matters not one bit. If you find someone who you can count on keep them in your inner circle, thank them and remind them that you appreciate them.

THats true but its at an advanced age that you can see more clearly and appreciate more who you can depend on and who are fake friends.

waytomany?s · Post by **waytomany?s** » Sun. May. 14, 2023 7:21 am

k-2 wrote: ↑
Sat. May. 13, 2023 10:17 pm
THats true but its at an advanced age that you can see more clearly and appreciate more who you can depend on and who are fake friends.

I learned that lesson real early. Kid I thought was a.friend handcuffed me to a seat on the bus knowing he didn't have the key.

davidmcbeth3 · Post by **davidmcbeth3** » Sun. May. 14, 2023 1:14 pm

waytomany?s wrote: ↑
Sat. May. 13, 2023 8:09 am
Make sure you invite him for dinner the day you get the coal delivered.

Best of both worlds, brilliant

davidmcbeth3 · Post by **davidmcbeth3** » Sun. May. 14, 2023 1:14 pm

waytomany?s wrote: ↑
Sun. May. 14, 2023 7:21 am
I learned that lesson real early. Kid I thought was a.friend handcuffed me to a seat on the bus knowing he didn't have the key.

Now you know how to get out of cuffs without a key. Excellent skill to know.

waytomany?s · Post by **waytomany?s** » Sat. Jun. 24, 2023 3:02 pm

What about I bonds? They decent?

k-2 · Post by **k-2** » Sat. Jun. 24, 2023 5:04 pm

These 5% rates will make the National debt servicing explode. I think they may not last long. The govt (Taxpayers)_cant afford 2 trillion a year in interest payments on the Nat debt. Which is where are headed in a few short years.

grumpy · Post by **grumpy** » Sat. Jun. 24, 2023 7:36 pm

k-2 wrote: ↑
Sat. Jun. 24, 2023 5:04 pm
These 5% rates will make the National debt servicing explode. I think they may not last long. The govt (Taxpayers)_cant afford 2 trillion a year in interest payments on the Nat debt. Which is where were headed in a few short years.

Yeah so…..

k-2 · Post by **k-2** » Sun. Jun. 25, 2023 2:04 pm

grumpy wrote: ↑
Sat. Jun. 24, 2023 7:36 pm
Yeah so…..

SOoooooooooooooooooooo may have to go back to Zero interest to save the country. Or Default on the debts is the other option.

nut · Post by **nut** » Sun. Jun. 25, 2023 2:56 pm

Is old debt at the old rate?

k-2 · Post by **k-2** » Sun. Jun. 25, 2023 3:12 pm

nut wrote: ↑
Sun. Jun. 25, 2023 2:56 pm
Is old debt at the old rate?

Yea .5 to 1 % Correction: Avg rate of govt bonds currently held is now around 2% and rising. Still 2027 numbers should be accurate.
Once it all rolls over to 5% the govt interest payments will skyrocket . May take a few years but by that time the debt will be at 43T by only 2027. Doing the math 5% on 43T is over 2T a year interest. Every month more old rates(2%) roll over into new rates(5%).

grumpy · Post by **grumpy** » Sun. Jun. 25, 2023 3:43 pm

Are they going to do anything different from what they have been doing for decades..