I’ll just keep it in a safety deposit box. No bank is going to “nudge” me into unnecessary spending.
Perhaps the gov’t bonds should be paying big interest...
How will they determine who the normal people are? And why should they discriminate against normal people? Is this more pandering to the LGBT activists?
They already do: things like fees for maintaining the account.
” whether they should drive interest rates into negative territory in the future”
I guess driving rates into negative territory in the past would be too messy.
Cyprus II here we come...
Ah, Shiite! They ALREADY do that by ‘fee’ing us to death in Kanada!
With only a few, powerful banking competitors, they CAN and DO do that through limiting competition!
Say what? Wouldn't cheap new cash cause the price to rise?
If you give to the gop you pay 5% penalty for having money
Heck that’s what Apple stock is for!
You mean to say it isn’t ZERO already? How can you tell?
Yeah. Will the IRS turn a negative interest payment into a negative tax?
No.
This is confiscation.
Just before the run on banks, there’ll be a run on home safes.
Fine... Negative interest on my farm mortgage.
So, what’s the difference between a wiseguy in a suit saying,”Hey, for a small fee, I can prevent your business from burning down.” and a banker I’m a suit saying, “Hey, for a small fee, I can protect your money from disappearing, and use it to make money for me.”
It is with GOOD REASON they are called ‘banksters’!
I work for a very large international bank. Negative Interest Rates have been in the works for well over a year, dating back to when Cyprus banks raided their depositor's bank accounts and IIRC Greece did/considered doing the same thing.
We raced to modify our software systems to enable negative rates, completing that work about 6 months ago now.
I'm telling you all, the Federal Government is so hungry for YOUR MONEY negative interest rates WILL BE IMPLEMENTED at some point. Federal Government's hunger for your money is insatiable, and they genuinely believe negative interest rates will force consumers to SPEND and boost the economy.
You've all been warned.
These banks need to be put in their place. Crony capitalists all. And globalists.
Between the Federal Government and the FED. they have have already killed the average consumer with low interest rates. They not only make money on our savings they are causing our insurance to go up also. American should be about tired of being screwed by this Communist Administration. They look out for the rich,Unions,Lawyers and Government Employees! Wake up Stupid America.
Mattress time.