XPost: can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 24/07/2011 4:16 PM, 40%®Çonned wrote:   
   >> "Roy"  wrote in message   
   >> news:15853e63-375a-4e7b-9820->51126989330d@m6g2000prh.googlegroups.com...   
   >> That TFSA is a friggin joke...$63 interest on a $5000 deposit from an   
   >> AB financial institution. I felt like sending it to Harper as a   
   >> contribution to his friggin political party.   
   >>   
   >> What happened to the 'good 'ol days' when one could get 19 3/4 %   
   >> interest on a 90 day investment?   
   >   
   > You can bet that the very, very rich are getting preferred interest on their   
   deposits.  It's   
   > only the average guy in Canada that pays more in taxes on earned interest   
   than he gets in   
   > interest itself.   
   >   
   > But you miss the real point of a TFSA - it's not the amount of interest you   
   get, but being able   
   > to pull that money out whenever you like and not having to declare it as   
   taxable savings.   
   > Compare that with any RRSP and you'll get the picture.   
      
   Rich don't get much more than you think, perhaps .15 or .2% more.  Bank   
   called me saying I had a lot of cash, and offered me 1.35% on it.  I   
   declined and cited I would be into more gold, oil or more stock by the   
   end of the month.  And 1.35% wasn't worth the money market risk and   
   liquidity.  If they want my money, I want inflation plus taxes at minimum.   
      
   Money markets are tight and having liquidity problems.  My guess is   
   large quantities of money are leaving US and Canada.  Possibly a   
   currency and hyper-inflation run.   
      
   --   
   Obama, enslaving Americans with debt-tax slavery for a spending binge.   
   Doesn't even borrow real money, Bernanke just creates it like a   
   counterfeiter. .   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)