What the Fed's interest rate hike means for consumers

The Federal Reserve raised interest rates again by three-quarters of a percentage point. Lori Bettinger, the president of BancAlliance and former director of the U.S. Treasury Department's troubled asset relief program, explains what the latest increases mean for consumers.

#business #news #interestrates

[alphonsebreaux]

But there's no inflation there's no recession everything's peaches and cream haven't y'all heard

[randyo]

Government overspending is the root cause here.

[la_snakr]

Report on Shannon Brandt, CBS. if he were MAGAt, it would be nonstop coverage....

[googlesuppressesfreespeech]

“The right of the people to keep and bear arms shall not be infringed. A well regulated militia, composed of the body of the people, trained to arms, is the best and most natural defense of a free country.”
– James Madison, I Annals of Congress 434, June 8, 1789

[CaptainChaooooos]

Wouldn’t surprise me if they raised it a full point next month, and again in November. We have printed money too long. Get ready for the pain. Lots of you don’t remember 18% home loans but it’s headed that way again.

[googlesuppressesfreespeech]

“They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.”
– Benjamin Franklin, Historical Review of Pennsylvania, 1759

[googlesuppressesfreespeech]

“If the representatives of the people betray their constituents, there is then no resource left but in the exertion of that original right of self-defense which is paramount to all positive forms of government, and which against the usurpations of the national rulers, may be exerted with infinitely better prospect of success than against those of the rulers of an individual state. In a single state, if the persons intrusted with supreme power become usurpers, the different parcels, subdivisions, or districts of which it consists, having no distinct government in each, can take no regular measures for defense. The citizens must rush tumultuously to arms, without concert, without system, without resource; except in their courage and despair.”
– Alexander Hamilton, Federalist No. 28

[googlesuppressesfreespeech]

The constitutional right to bear arms in public for self defense is not “a second-class right, subject to an entirely different body of rules than the other Bill of Rights guarantees.” McDonald, 561 U. S., at 780 (plurality opinion). We know of no other constitutional right that an individual may exercise only after demonstrating to government offic-ers some special need. That is not how the First Amendment works when it comes to unpopular speech or the free exercise of religion. It is not how the Sixth Amendment works when it comes to a defendant’s right to confront the witnesses against him. And it is not how the Second Amendment works when it comes to public carry for self defense. New York’s proper-cause requirement violates the Fourteenth Amendment in that it prevents law-abiding citizens with ordinary self-defense needs from exercising their right to keep and bear arms. We therefore reverse the judgment of the Court of Appeals and remand the case for further proceedings consistent with this opinion.
It is so ordered.
Supreme Court of The United States of America, 2022

[googlesuppressesfreespeech]

“O sir, we should have fine times, indeed, if, to punish tyrants, it were only sufficient to assemble the people! Your arms, wherewith you could defend yourselves, are gone; and you have no longer an aristrocratical, no longer a democratical spirit. Did you ever read of any revolution in a nation, brought about by the punishment of those in power, inflicted by those who had no power at all?”
Patrick Henry, Speech in the Virginia Ratifying Convention, June 5, 1788

[googlesuppressesfreespeech]

Fourteenth Amendment

Section 1

All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

[googlesuppressesfreespeech]

“In a general view there are very few conquests that repay the charge of making them, and mankind are pretty well convinced that it can never be worth their while to go to war for profit sake. If they are made war upon, their country invaded, or their existence at stake, it is their duty to defend and preserve themselves, but in every other light and from every other cause is war inglorious and detestable.”
Thomas Paine, The Crisis, 1778

[windorsolarplease]

Who this will hurt is Seniors who live on less than minimum wage who are using credit cards just to eat and making the monthly payments. The monthly payment now will be going up again. Not sure why they can't put a fix on interest rates that is fair for them to handle. Lower interest rate and put a fix on it for Seniors!

[googlesuppressesfreespeech]

“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.”
– William Pitt (the Younger), Speech in the House of Commons, November 18, 1783

[googlesuppressesfreespeech]

“[I]f circumstances should at any time oblige the government to form an army of any magnitude that army can never be formidable to the liberties of the people while there is a large body of citizens, little, if at all, inferior to them in discipline and the use of arms, who stand ready to defend their own rights and those of their fellow-citizens. This appears to me the only substitute that can be devised for a standing army, and the best possible security against it, if it should exist.”
– Alexander Hamilton, Federalist No. 28, January 10, 1788

[nfvgqbq]

The recent US dollar interest rate hike is like a death sentence. It is clear that rising housing prices are a common global problem. Except for a few speculators who benefit, most people's houses are just places to live. The government should bravely increase or control the unreasonable rise in housing prices, such as hoarding houses. Taxes and the range of regional selling prices should be regulated, and house inflation should not be dealt with by raising interest rates together with consumer necessities. For interest rate hikes, there should be a clear schedule, and it should not be aimed at suppressing the stock market. There are many good companies in the capital market. Once they close down without sufficient capital, in addition to companies suffering, there are more elderly and retirees who are saved Stockholders, who live on dividends, will also be affected.

[googlesuppressesfreespeech]

The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.

[googlesuppressesfreespeech]

"At a time, when our lordly masters in Great Britain will be satisfied with nothing less than the deprivation of American freedom, it seems highly necessary that something should be done to avert the stroke, and maintain the liberty, which we have derived from our ancestors. But the manner of doing it, to answer the purpose effectually, is the point in question. That no man should scruple, or hesitate a moment, to use arms in defence of so valuable a blessing, on which all the good and evil of life depends, is clearly my opinion. Yet arms, I would beg leave to add, should be the last resource, the dernier resort. Addresses to the throne, and remonstrances to Parliament, we have already, it is said, proved the inefficacy of. How far, then, their attention to our rights and privileges is to be awakened or alarmed, by starving their trade and manufacturers, remains to be tried"
-George Washington, 1st President of the United States of America
Letter to George Mason | Wednesday, April 05, 1769

[googlesuppressesfreespeech]

“What, Sir, is the use of a militia? It is to prevent the establishment of a standing army, the bane of liberty …. Whenever Governments mean to invade the rights and liberties of the people, they always attempt to destroy the militia, in order to raise an army upon their ruins.”
– Rep. Elbridge Gerry of Massachusetts, I Annals of Congress 750, August 17, 1789

[googlesuppressesfreespeech]

"There is nothing so likely to produce peace as to be well prepared to meet an enemy."
-George Washington, 1st President of The United States of America.
Letter to Elbridge Gerry | Saturday, January 29, 1780

[googlesuppressesfreespeech]

“On every occasion [of Constitutional interpretation] let us carry ourselves back to the time when the Constitution was adopted, recollect the spirit manifested in the debates, and instead of trying [to force] what meaning may be squeezed out of the text, or invented against it, [instead let us] conform to the probable one in which it was passed.”
– Thomas Jefferson, letter to William Johnson, 12 June 1823