The FED has cut interest rates by 50 basis points (0.5%). Here is historical precedent when the FED has done this. They're pulling the plug on the economy. - The Great Awakening

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The FED has cut interest rates by 50 basis points (0.5%). Here is historical precedent when the FED has done this. They're pulling the plug on the economy. (media.greatawakening.win)

posted 55 days ago by xchainlinkx 55 days ago by xchainlinkx +61 / -0

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– The_Watcher 2 points 55 days ago +2 / -0

I am not a financial expert as may shortly become apparent but I see it like this.

Imagine if your country is actually a savings bank. When you drop the interest rate people will move their money from your bank to another one with a better rate.

So, when the Fed lowers the interest rate the country will lose money because it will be moved elsewhere.

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