Posted on 01/28/2016 9:43:05 PM PST by Olog-hai
The Bank of Japan is stepping up its efforts to kick-start the country's struggling economy by taking interest rates into negative territory.
The central bank announced Friday that it will introduce an interest rate of minus 0.1% and will go even lower if needed.
In theory, negative rates encourage consumers to save less and spend more. They can also weaken a country's currency, helping exporters. ...
(Excerpt) Read more at money.cnn.com ...
Aren’t so-called negative interest rates what we used to call stealing?
> Aren’t so-called negative interest rates what we used to call stealing?
Yeah they are. They’re hoping people won’t use their brains and start asking questions.
Huge thousand point jam in Nikkei futures, all in vain.
Up next: Korea discontinues the use of minted coins - “it’s just not worth it anymore”
Yes, but not when your progressive, social-engineering political/banking overlords do it.
Coming to the USA soon.
With negative interest rates, savings will sudden go into mattress stock. ;-)
What an aid to the income of those who are elderly and living on the interest from their bank accounts and CD’s!
/s
(it is called...scr*w the little people....to enrich the big, super rich banks....shows who the politicians really work for.)
Vicious deflation gripping the world.
Well I guess there won’t be any free toaster for opening an account.
How in the hell do negative interest rates “kick-start” an economy? Shouldn’t anyone with a lick of common sense remove almost all of their money from their institutional accounts and stash it somewhere safe like a safe?
“Well I guess there won’t be any free toaster for opening an account.”
Actually, negative interest rates means YOU have to give the BANK the free toaster as an inducement to ALLOW them to accept your money!
if this trickles down to ordinary citizens...
will encourage people to
hoard cash
hoard gold.
how does that help?
it will just
piss people off
So you take out a loan for a 20 trillion dollars, pay off the national debt, and then live off the negative interest :-)
That should bring us right back to the mattress theory of banking.
From the BBC: http://www.bbc.com/news/business-35436187
"The benchmark rate of -0.1% means that commercial banks will be charged by the central bank for some deposits."
that will be the result and then the cash bans begin...
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