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Joined: Dec 2007
Posts: 17,048
Campfire Ranger
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Campfire Ranger
Joined: Dec 2007
Posts: 17,048 |
It's called a deflationary period, ladies and gentlemen.
Everyone gets to share in the misery... and bankers will see to it (one way or another) that you DO!
They're just covering their asses and cutting losses.
When it costs a dollar and a dime today to buy what a dollar bought yesterday you spread it out as best you can.
Tomorrow the bank will have 90 cents and be looking for dupes to borrow it now before it drops further in buying power. And the dupes will repay face value later.
It's still win loose for the bankers and dupes, respectively.
Even paying negative interest on loans banks come out better than holding on to it and watching it deflate.
It might seem like convoluted back speak but it's just simple economics.
Ya gotta think it through.
Whatever ya do don't start or be part of a bankrun.
It's like put options.
Relax and profit from it.
BAN THE RAINBOW FLAG!
PERVERTS OFFEND ME!
"When is penguin season, daddy? I wanna go kill a penguin!"
---- 4 yr old Archerhuntress
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Joined: Feb 2006
Posts: 43,857
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 43,857 |
We already don't put money in the bank at times... whats the point.. you get almost nothing back...
We got some tax deal in the mail last month from the bank. Made $44 in interest payments...whoo doggies, party time!
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Joined: Jan 2005
Posts: 22,884
Campfire Ranger
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Campfire Ranger
Joined: Jan 2005
Posts: 22,884 |
Buy hey, everyone here seems to like their dirt cheap oil prices. What possible effect could it have on the overall economy?
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Joined: Dec 2004
Posts: 9,341
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 9,341 |
Negative rate means they penalize the bank if they don't give out loans at the lower rate they publish That's for the borrower. It's is intended to stimulate buying stuff. For those saving, it means paying .5%. You put in a $100...you get $99.50 back. Yes and now that the FED is owned by WS......well!
The end of democracy, and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.
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Joined: Feb 2010
Posts: 17,927
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 17,927 |
7mm WSM brass is a better investment.
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Joined: Nov 2005
Posts: 22,735
Campfire Ranger
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Campfire Ranger
Joined: Nov 2005
Posts: 22,735 |
Anything that brings "transformational change" is what the Fed will pursue.
While a radical move, both Yellen and Fischer have said they aren't afraid of imposing a negative interest rate.
It would go well with Obango's $10 tax on a barrel of crude.
My home is the "sanctuary residence" for my firearms.
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