Posted on 06/08/2014 6:42:22 PM PDT by Perseverando
I’m waiting for the negative interest rates to hit. It will be like ice water being thrown on their faces. Every type of bank account will have money withdrawn in a set schedule. When that happens, their will be chaos not seen in a very long time. Imagine 1.5% being withdrawn from your savings account on a monthly basis.
Spend your money now on good investments as it won’t worth much in the near future.
IMO, if one has sufficient savings (many don’t), it would be prudent to have 1 month’s living expenses stored at home in cash. You are earning nothing in the bank anyway, no loss there.
The European Central Bank has done just that. A few days ago, tHey lowered their deposit rate from 0% to negative .1%.
Moral: don't bet the farm by shorting the market.
I’m totally down with a ca$h $ta$h.
BTTT
Why won’t people simply pull their money from the bank if the interest rate goes negative?
The Great Fall
Buy land, junk silver, fractional gold, food and ammo.
Having lived through long power outages in FL from hurricanes, and winter storms in the Ohio valley, I know that debit and credit cards aren’t of much value when there is no power for a week.
Add to that the banking uncertainty we face (if one has the sense to acknowledge it - most don’t). Most Americans refuse to even consider it as a remote possibility that we could have banking “holidays” that could cut off access to our money for one or several weeks. Their faith is amazing, thought very poorly placed.
I personally am not religious, but I am astounded at those in my own (married) family that have unlimited *faith* in the goodness and benevolent strength of the government on their behalf, yet openly ridicule Christians as stupid and superstitious.
The question should be, “Why are they committed to this great insanity that will lead to the biggest economic collapse that will bring down every country in the world?”
To bring about the global dictator!
I like Zero Hedge, and read it daily. But understand that EVERY article on ZH predicts an imminent economic collapse. And ZH has ALWAYS been that way. The stock market will collapse, and soon! Just look at this chart!
Now, I'm not saying ZH is wrong here. What I am saying is that ZH only offers one piece of the puzzle. Take it as the complete picture at your own risk.
* Noodge: from the Yiddish, meaning one who pesters and annoys with persistent complaining.
To bring about the global dictator!
Obama is doing what he can to make the antichrist welcomed as a savior by the masses.
Printing money doesn't create debt.
false government inflation statistics hide the theft from the public (see www.shadowstats.com).
If anyone knows fake stats, it's the guy who charges suckers to create them.
Never gonna happen.
Printing money doesn’t create debt.”
It does create inflation, however.
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