The European currency union is a disaster on wheels with all kinds of unintended side effects. I don't see this ending well.
1 posted on
02/12/2015 3:34:09 PM PST by
NRx
To: NRx
Sweden isn’t part of the Euro.
2 posted on
02/12/2015 3:36:16 PM PST by
9thLife
("Life is a military endeavor..." -- Pope Francis)
To: NRx
One of the knocks on precious metals is that they don’t pay interest or dividends. Negative interest rates make that argument less valid.
Freepers, what’s the over/under on when an FDR type gold secure will be proposed and implemented?
To: NRx
Janet Henry from HSBC said the measures are clearly a “beggar-thy neighbour” manoeuvre to weaken the kroneNever understood this claim. You're increasing the cost of your imports, like oil, and decreasing the value you earn from your exports.
Sounds like "beggar yourself".
5 posted on
02/12/2015 3:42:48 PM PST by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: NRx
Once you take the rates to Zero there are no more bullets in the gun and you got to start printing money to try and keep up.
8 posted on
02/12/2015 3:51:58 PM PST by
Mad Dawgg
(If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
To: NRx
At the same time, they are pushing for a cashless society.
That means your savings will be held captive by the banks.
9 posted on
02/12/2015 3:55:27 PM PST by
BitWielder1
(Corporate Profits are better than Government Waste)
To: NRx
rather than having money in the Sweedish bank is gold in a vault
11 posted on
02/12/2015 3:59:19 PM PST by
bert
((K.E.; N.P.; GOPc.;+12, 73, ..... Obama is public enemy #1)
To: NRx
The gold/silver enthusiasts have many good points about all of this.
22 posted on
02/12/2015 7:13:39 PM PST by
MSF BU
(Support the troops: Join Them.)
To: NRx
anybody have a simple explanation of negative interest rates?
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