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Draghi breaks new ground with negative interest rate


Not in the US but an interesting banking concept! Charging people/businesses to have their money in the bank. I heard this may be coming last year.

http://www.cnbc.com/id/101733784" onclick="window.open(this.href);return false;

VictorG wrote:Draghi breaks new ground with negative interest rate


Not in the US but an interesting banking concept! Charging people/businesses to have their money in the bank. I heard this may be coming last year.

http://www.cnbc.com/id/101733784" onclick="window.open(this.href);return false;

I'd buy stock in safe and mattress companies

VictorG wrote:Draghi breaks new ground with negative interest rate


Not in the US but an interesting banking concept! Charging people/businesses to have their money in the bank. I heard this may be coming last year.

http://www.cnbc.com/id/101733784" onclick="window.open(this.href);return false;

The banks already charge a lot of sheeple to have their money in the bank.

So, the US Federal Reserve will catch the Euro wave and start charging people that save the money the Fed prints. So where does one invest/save money? Stock market (with it's own fees and the VAST majority of stocks owned and manipulated by the 1%. Damned if you do, damned if you don't...they'll get their pound of flesh out of us.

In the meantime Obushma still hasn't convicted a single Wall Street leader.

Too funny.

We should have the newspapers print the names and addresses of the top Fed folks and stock market manipulators and we'll see how long that sh*t lasts.

Is it time to tear down these banking systems and start over yet?

Pwns wrote:Is it time to tear down these banking systems and start over yet?

Basil III is/was a good start! It's still being completed word wide...



This act here was actually called a stimulus intended to get businesses/wealthy investing instead of sitting on their cash.

Pwns wrote:Is it time to tear down these banking systems and start over yet?

If only there were some small, irrelevant country that we could model after.

Negative interest rate policies really haven't had much impact where they have been implemented. At this point, they had been implemented only in smaller countries with their own currency.

“I believe that banking institutions are more dangerous to our liberties than standing armies.”
Thomas Jefferson

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth not to reveal it. The process by which banks create money is so simple the mind is repelled and so complexity is substituted for truth."
John Kenneth Galbraith

With all the fees that banks charge for the "privilege" of maintaining accounts with them, including fees for failure to maintain a minimum balance, this is the logical next step.

Chizzang wrote:“I believe that banking institutions are more dangerous to our liberties than standing armies.”
Thomas Jefferson

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth not to reveal it. The process by which banks create money is so simple the mind is repelled and so complexity is substituted for truth."
John Kenneth Galbraith

Galbraith? I quoted Galbraith on here once. You might as well start linking to Krugman articles.

kalm wrote:

Chizzang wrote:“I believe that banking institutions are more dangerous to our liberties than standing armies.”
Thomas Jefferson

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth not to reveal it. The process by which banks create money is so simple the mind is repelled and so complexity is substituted for truth."
John Kenneth Galbraith

Galbraith? I quoted Galbraith on here once. You might as well start linking to Krugman articles.

OK Try Friedman

...money is much too serious a matter to be left to the Central Bankers.

OL FU wrote:

kalm wrote:
Galbraith? I quoted Galbraith on here once. You might as well start linking to Krugman articles.

OK Try Friedman

...money is much too serious a matter to be left to the Central Bankers.

Quoting Friedman? kalm's brain will cramp up.

Baldy wrote:

OL FU wrote:

OK Try Friedman

Quoting Friedman? kalm's brain will cramp up.

Nah. I can dig some of his thoughts. Hayek's too. But similar to true communism I also find them utopic…

kalm wrote:

Baldy wrote: Quoting Friedman? kalm's brain will cramp up.

Nah. I can dig some of his thoughts. Hayek's too. But similar to true communism I also find them utopic…

Since he came from extremely humble beginnings as a son of Hungarian Jewish immigrants, I don't think Friedman would qualify as an elitist, unless you consider extremely intelligent people who earned whatever they have as elitists.

Baldy wrote:

kalm wrote:
Nah. I can dig some of his thoughts. Hayek's too. But similar to true communism I also find them utopic…

Since he came from extremely humble beginnings as a son of Hungarian Jewish immigrants, I don't think Friedman would qualify as an elitist, unless you consider extremely intelligent people who earned whatever they have as elitists.

However this rule ^ does not apply to Obama...

If you're a Republican

Chizzang wrote:

Baldy wrote: Since he came from extremely humble beginnings as a son of Hungarian Jewish immigrants, I don't think Friedman would qualify as an elitist, unless you consider extremely intelligent people who earned whatever they have as elitists.

However this rule ^ does not apply to Obama...

If you're a Republican

1. Obama is a snob.
2. His mom and dad were both highly educated.
3. His dad was a high ranking official in the Kenyan government.
4. He went to a prestigious prep school mostly paid for by his bank VP grandmother.

Comparatively speaking, Obama is an elitist of the highest order.

Baldy wrote:

Chizzang wrote:
However this rule ^ does not apply to Obama...

If you're a Republican

1. Obama is a snob.
2. His mom and dad were both highly educated.
3. His dad was a high ranking official in the Kenyan government.
4. He went to a prestigious prep school mostly paid for by his bank VP grandmother.

Comparatively speaking, Obama is an elitist of the highest order.

Come on man...
You're killing me

[youtube]http://www.youtube.com/watch?v=SSwyNN7ms00[/youtube]