# Federal Reserve/HSBC Rant vs online savings acc interest rate.

**URL:** <https://forums.speedlife.net/t/federal-reserve-hsbc-rant-vs-online-savings-acc-interest-rate/60843>\
**Category:** NYSpeed Off Topic\
**Created:** [January 6, 2009, 12:39pm UTC](https://forums.speedlife.net/t/federal-reserve-hsbc-rant-vs-online-savings-acc-interest-rate/60843 "2009-01-06T12:39:36Z")\
**Posts on this page:** 1\
**Page:** 3

<div class="post-metadata">

**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\
**Post date:** [June 2, 2009, 8:04am UTC](https://forums.speedlife.net/t/federal-reserve-hsbc-rant-vs-online-savings-acc-interest-rate/60843/41 "2009-06-02T08:04:48Z")

</div>

> [@Penfold](#):
>
> But, the economy doesn’t need people to buy shit on credit to be healthy.
> 
> I guess the problem is that 30 years of a false economy allows everyone to throw basic economic fundamentals out the window? We have not gotten any richer as a whole, just more in debt.

Credit is what makes the system go round dude. 90+% of the money supply here is debt. Debt = money for us. So while it’s a death trap eventually…we need people to take loans and pump up the jam. 😉

[Previous page](https://forums.speedlife.net/t/federal-reserve-hsbc-rant-vs-online-savings-acc-interest-rate/60843.md?page=2)