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Lower rates by 200 basis points and save the world.

By Richard Stabile

Real Estate Agent with Re/Max Real Estate Limited

June 26, 2008 02:50 PM

If someone had an idea, I mean a very good idea, to get us off of oil, get our troops home, help our economy, save our environment, lower interest rate by 200 basis points. I could go on and on what it cures.

Stop sending over 500 billion dollars to people who don't have our best interest in mind.

If you say yes, then tell me you would passionately support a sound idea to save our country.

I am not a politician, just a real estate person who cares.

I am going to release a video in a very provocative way to get the ball rolling on YouTube and some press feeds.

I hope everyone get behind it.

Visit newhomesbyRichard.com

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Richard Stabile

Re/Max Real Estate Limited - Oradell, NJ

Bergen County New Homes Builder Realtor

I just read today that the current crisis for our banks here and Europe is estimated at just under 400 billion and has dried up funds for most lending. Just think if we didn't have to give 500+ billion just for imported oil.

Jun 26, 2008 03:08 PM

Mike Wong

Keller Williams Realty Southwest - Sugar Land, TX

Realtor: Commercial, Residential, Leasing, Invest

There are negatives as well. Im not quite sure all the consequences but Im sure many banks would fail as a result because they could not make any interest on the funds they loan out. Mortgage applications would increase, but banks would refuse to provide them because of the lack of profits.

Retired people living off interest are already having a difficult time with the current interest rates and having to draw from thier savings to make ends meet making any kind of interest earnings they were counting on irrelivant.

Inflation would probably skyrocket out of control. Hopefully not to the point where the dollar is worthless and we are paying $5 just for a loaf of bread.

Im all for saving the economy and helping the consumer. I agree with your about reducing our dependence on oil, bringing our troops home, helping the economy and environment. I just like to know both sides and I dont claim to be an expert. I might be completely wrong since Ive been awake for 31 hours now.

Jun 26, 2008 04:14 PM

Poor retirement planning; to worry about short term interest rates to run retirement accounts. Retirement should be in longer term instruments. I do feel bad for the retirees though.

It is stag-flation that we must worry about. Rising prices due to oil filtering thu the economy and slowing, no or even negative growth.

Also remember where our money goes:

Russia rebuilding military with our oil money.

Mideast producers. What do i say here. There is no hugs and kisses.

Chervez Venezuela .

Our money will be used for our demise.

Jun 27, 2008 02:12 AM

Lower rates by 200 basis points and save the world.

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Richard Stabile

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