Posted by sotxbill on December 18, 2015 at 07:42:24 from (104.5.24.112):
In Reply to: Troubling Thrusday posted by IaGary on December 17, 2015 at 04:56:45:
Quoting Removed, click Modern View to see
I remember paying 16% interest on a house and glad to get it as the rates were sky high. And your dollar bought less and less every day. Some how, I dont understand your statement. Bank loans were high. Business loans and bonds were high, and all those costs were passed to the consumer. Yes you made more money in the savings account, but would buy you less at the end of the year.
Folks on low or a fixed income were screwed, blued and tatooed... Most were down to eating dog food. Only union workers with "cost of living" were protected at the expense of everyone else.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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