Sounds like another bank bailout. They pay zero.. you do not.
You don’t have to lecture the rudiments of central banking.
The cartel will pay zero but consumers will benefit downstream enough to ensure Trump’s victory in 2020.
Those with a deeply informed and educated view of history recognize technology renders the Fed obsolete.
The jig is up. I won’t say any more than that for now.
They make money on the spread.
So, what happens when you're in Denmark and the bank/government rate is negative? You can find mortgages with a net negative interest rate. Imagine that!
Link: Negative rate Danish mortgate
They've still got the spread!