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Something Very Disturbing Spotted In A Morgan Stanley Presentation
http://www.zerohedge.com/news/2016-02-10/something-very-disturbing-spotted-morgan-stanley-presentation-slide ^ | 2015-02-10 | Morgan Stanley

Posted on 02/10/2016 10:14:30 PM PST by abigkahuna

One of the most surprising comments this year came from a closed session on fintech where I sat next to someone in policy circles who argued that we should move quickly to a cashless economy so that we could introduce negative rates well below 1% – as they were concerned that Larry Summers' secular stagnation was indeed playing out and we would be stuck with negative rates for a decade in Europe. They felt below (1.5)% depositors would start to hoard notes, leading to yet further complexities for monetary policy.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Extended News; Government
KEYWORDS: bank; cashlesssociety; cfr; cfrheidicruz; cfrtylerdurden; economy; finance; larrysummers; money; morganstanley; negativerates; nirp; tylerdurden; tylerdurdenmyass; zerohedge
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To: abigkahuna

Good post, I concur strongly. I was trying to figure out if people were somehow on the wrong thread.

Your comments on some of the consequences of trying to go cashless are spot on.


41 posted on 02/11/2016 2:05:32 AM PST by FreedomPoster (Islam delenda est)
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To: Theo
How dare anyone trust in God or mention the Holy Spirit!!!

No Spirit No Liberty - Two Corinthians

FReegards

42 posted on 02/11/2016 2:06:18 AM PST by Theophilus (The GOPe are dealers. The Marxist Democrats are duelists.)
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To: reaganaut

“And Christians don’t trade on the name of Christ to get votes.”

Thank you.


43 posted on 02/11/2016 2:10:46 AM PST by MarMema
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To: CA Conservative

I’ve become convinced Cruz has become Elmer Gantry.

I don’t think he knows who he is anymore.

And I’m a Christian, so no anti-Christian bigotry here, thank you very much.


44 posted on 02/11/2016 2:16:41 AM PST by sauropod (I am His and He is mine.)
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To: abigkahuna

Agree. I wish there was another way.

The snowball is rolling down the hill, getting bigger by the moment.


45 posted on 02/11/2016 2:20:02 AM PST by sauropod (I am His and He is mine.)
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To: r_barton

What are you doing here on Free Republic. You sound like a Bernie supporter.
Jim? Calling Jim Robinson.


46 posted on 02/11/2016 2:32:34 AM PST by lucky american (Progressives are attacking our rights and y'all will sit there and take it.)
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To: RginTN

Church lady weirdos...you do realize this site is not hostile towards Christians. It embraces Christianity.

I realize that. I'm a Christian myself. I do, however, have the ability to talk about many topics without throwing Bible verses at people.

I also realize that after 19 years on Free Republic, that there really are weird people on this forum, just like everywhere in the world.

This thread started off about interest rates, and devolved into a weird back-and-forth about Bible stuff.

I've seen many threads over the years hijacked by the scripture kooks.

47 posted on 02/11/2016 2:37:43 AM PST by IDontLikeToPayTaxes
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To: abigkahuna

If the Feds do away with cash, another medium of exchange will be found. The old axiom, “ bad money drives out good money still holds true”.


48 posted on 02/11/2016 2:58:57 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: IDontLikeToPayTaxes
I do, however, have the ability to talk about many topics without throwing Bible verses at people.

The preferred skill is the ability to associate an appropriate verse from His Word with any event in life. That skill is then profitable when used to justify one's position with other people. Some people might not like that, but than again, some people can't handle the Truth.

49 posted on 02/11/2016 3:14:50 AM PST by Cvengr ( Adversity in life & death is inevitable; Stress is optional through faith in Christ.)
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To: r_barton

So, I have been reading several of the threads and you post the same thing on each thread. Sounds like you might be a nutter yourself.


50 posted on 02/11/2016 3:22:59 AM PST by wbarmy (I chose to be a sheepdog once I saw what happens to the sheep.)
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To: IDontLikeToPayTaxes
scripture kooks.

I wonder how your conversation will go when you stand in front of the Author? Will you call him a "scripture kook"? He always answered the questions of His day with references to the Scriptures. But I know your answer already. That was in religious matters, we shouldn't be quoting Scripture for other things.
51 posted on 02/11/2016 3:30:32 AM PST by wbarmy (I chose to be a sheepdog once I saw what happens to the sheep.)
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To: abigkahuna

what do we do?


52 posted on 02/11/2016 3:37:49 AM PST by cherry
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To: CA Conservative
you can be assured that when the right thing to do comes along we'll see hordes of freepers bailing on the election process to "sit out" and "pout" like they did with Romney....then, come back and post of all the bad things happening...

my friends, do not count on other freepers or conservatives or patriots to do the right thing...they'll let egos and arrogance and pettiness direct them....

53 posted on 02/11/2016 3:41:19 AM PST by cherry
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To: FreedomPoster

>>> Anyone pushing for a cashless society just shows how out of touch they are with the reality for many at the lower end of the economic spectrum in this country. The idea that the many people without bank accounts are suddenly going to be able to handle a cashless system is ludicrous.

That may be true for the honest, working poor. But the decreased mobility that would cause has no effect on TPTB because they’ve ensured they can still get theirs. All the burden falls to the little guy no matter what. For the holdouts who’ve been resisting so far - welcome to Big Daddy Government, just sign on the dotted line & we’ll take care of your every need, hey comrade?

The trick is to already be into a shady industry such as a coyote, drug dealer, gun runner, child pornographer... or politician... because you’ll have an automatic in.


54 posted on 02/11/2016 3:47:53 AM PST by Titan Magroyne (What one person receives without working for, another person must work for without receiving.)
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To: cherry

FReepers tend to be “one issue” voters.


55 posted on 02/11/2016 3:54:07 AM PST by Mashood
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To: abigkahuna

The cashless society is a pipe dream; here in NJ the only economic “growth” is the underground economy (and it isn’t real growth because it is replacing the former legitimate economy). We have a nice weekly flea market in the NJ Meadowlands (next to Giants Stadium), where people spending solely cash buy food, household items, etc. - and it is located next to a giant mall that was completed years ago but never opened. Unemployed Americans sell their tools to the illegals that took their jobs, and nobody has ever charged me sales tax on items I’ve bought.

A shrinking, not growing, segment of the population of the population is going “cashless”.


56 posted on 02/11/2016 4:09:09 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: wbarmy

I’m not trying to be mean, but do you think God will be “sitting and listening”? As you “defend” yourself in a “room”? Does he have “ears”?

I suspect God might be, well I really can’t imagine what “God” is. Would God even have a “size” or form? God being the infinite, the beginning and everything else may not be some old man with shoulder length gray hair and a beard but something so infinitely more than we could imagine.

I think the price of gold, the organization of a small area of dirt in relation to the universe or even if a touchdown is made are of no “concern” to God the creator of the our universe.


57 posted on 02/11/2016 4:10:51 AM PST by Dick Vomer (2 Timothy 4:7 deo duce ferro comitante)
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To: Calpublican

Looks like you voted for Zot instead!


58 posted on 02/11/2016 4:16:27 AM PST by Fresh Wind (Falcon 105)
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To: Dick Vomer

Did you not call yourself a Christian in a previous post? Everything we do matters to God because He paid the price for our actions.

Revelation 20:11-15 King James Version (KJV)

11 And I saw a great white throne, and him that sat on it, from whose face the earth and the heaven fled away; and there was found no place for them.

12 And I saw the dead, small and great, stand before God; and the books were opened: and another book was opened, which is the book of life: and the dead were judged out of those things which were written in the books, according to their works.


59 posted on 02/11/2016 4:16:42 AM PST by wbarmy (I chose to be a sheepdog once I saw what happens to the sheep.)
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To: r_barton

“Cruz is a nutter. I don’t want his finger anywhere near the nuclear button. God might tell him to push it.”

You said that about Reagan, too.


60 posted on 02/11/2016 4:23:52 AM PST by ryan71 (Bibles, Beans and Bullets)
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