[Regulator]

Um, no.

Bad idea.

[Pearls Before Swine]

No, sorry.

Medium of exchange, store of value.

Negative interest rates (real and nominal) don’t meet the second criterion, and in fact lead (with a delay) to inflation and a worsening of the store of value character of the dollar.

[Gen.Blather]

I no longer believe anything the media says.

[entropy12]

Sure, why not, it will reduce interest expenses for highly leveraged construction business.

[puppypusher]

Negative Interest rates would be a very harmful idea,especially for the people who depend on their savings and retirement accounts.Those accounts barely gain any interest now and the banks will be charging the public for the right to save their money.

[DoodleDawg]

The banks are currently not having liquidity issues so I don’t see what benefit negative rates will bring.

[adorno]

Negative rates is the same as giving money away. So, no. Let the other countries suffer the consequences of their negative rates.

But, if the rates do go negative, everybody and their cousins will be lined-up for the freebies, just like they line up for the current ‘free’ government services and giveaways.

I myself will be looking to make some money from the negative rates, and might invest in Apple, Google, Amazon, Microsoft, Facebook; nothing to lose, especially since I could write off any losses, and go after more negative rate lending.

[monkeyshine]

So they will pay me to buy a house?

[meyer]

Savings accounts will be worthless.

[buckalfa]

I am sorry, the President is wrong on this. Wall Street operates on leverage. Main Street does not.

[Lurkinanloomin]

No.
NO.
NO!

[Theoria]

Deflation is the answer, but nobody wants to allow that to happen. .Gov has been propping up asset prices for years. House prices, real estate, all need to adjust to the idea that this is a broke country with trillions in debt; while AI, global wage arbitrage and innovation will be the ‘destruction’ of the future.

[Revel]

Trump is doing a lot of great things. But as I observe his comments and actions relating to matters like this I am constantly getting the feeling that he is all in for the big brother aspect of society. He may well support the policies that lead us to a world where we are all carefully monitored and controlled. 5G is going to be huge part of that.

Anyone ever heard of smart dust?

https://www.forbes.com/sites/bernardmarr/2018/09/16/smart-dust-is-coming-are-you-ready/#141c3d235e41

[Garth Tater]

So, if I keep my  money  currency in the bank there will be less of it at the end of every month than there was at the beginning? Why would anyone do that?

Simple answer. Because it's the law. Cash will have to be outlawed in order to get their negative rates. And with this virus, think how much easier it will be to make that sale to the pubic - no more dirty cash floating around out there spreading germs.

Hell, count me in on this plan. Give me a smart card with $1200 added to it every month and serfdom here I come!!

[Fury]

Stop, President Trump.

Just stop being supportive of this.