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To: Undecided 2012
So now they’re talking negative interest rates but they know too that that won’t increase consumer spending either because people will draw out cash and hold it rather than not only receive zero interest but negative interest rates.

They have dangled the newfangled convenience gadgets and people aren't buying it. They will make a push for the 'cashless' society, hard, because that will be the only way they can herd the money into accounts where it can be charged maintenance and transaction fees on a percentage basis, which will be how the negative interest rate will be presented.

It is all in what color lipstick is on the pig, not whether there is a pig underneath it.

123 posted on 02/21/2016 5:12:08 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Smokin' Joe

Plus when they want to give you a haircut it’ll be just a push of the button.


129 posted on 02/21/2016 5:38:38 AM PST by Undecided 2012
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