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Thread: Depositors are next to be hit with negative interest rates

  1. #11
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    Quote Originally Posted by KingsX View Post

    Trump and Republican leaders appear to be on board with the radical leftists' gun confiscation !
    Trump is on board with gun confiscation now, huh? You must not keep up with current events, or you are ignorant by choice.

    https://www.google.com/search?client...ery+slope+guns
    1Jn 2:6 The one who says he stays in Him ought himself also to walk, even as He walked.

  2. #12
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    Quote Originally Posted by Off-Grid Organics View Post
    Trump is on board with gun confiscation now, huh? You must not keep up with current events, or you are ignorant by choice.

    https://www.google.com/search?client...ery+slope+guns
    You know it's coming, so I'll go ahead and say it...Troll.
    Pastor Guest

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  3. #13
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    Quote Originally Posted by Off-Grid Organics View Post


    Trump is on board with gun confiscation now, huh? You must not keep up with current events, or you are ignorant by choice.

    https://www.google.com/search?client...ery+slope+guns



    That post was back on August 12 when Trump was touting red flag laws.

    Yesterday, even FOX news was saying Trump had flip-flopped on the gun control issue.

    God knows... he might do more "Crazy Ivans" !!


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    Quote Originally Posted by Pastor Guest View Post
    You know it's coming, so I'll go ahead and say it...Troll.
    LOL! People should know Trump by now to know he shades with optics for general consumption, knowing that with passing time, the hysteria wanes. Cracks me up how so many fall for it!
    1Jn 2:6 The one who says he stays in Him ought himself also to walk, even as He walked.

  5. #15
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    Quote Originally Posted by KingsX View Post



    That post was back on August 12
    And yet you never corrected your errant ASSumption.
    1Jn 2:6 The one who says he stays in Him ought himself also to walk, even as He walked.

  6. #16
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    Quote Originally Posted by Off-Grid Organics View Post

    And yet you never corrected your errant ASSumption.


    It's difficult to keep up with all Trump's "Crazy Ivans"... and maybe that's the way he wants it.

    To quote Trump's campaign rally Rolling Stones theme song: "you can't always get what you want... "

    WOW! I just noticed something interesting to add to Trump's "Make America-Babylon Great Again" list. Of course, I haven't shared that list with you undeserving trolls.


  7. #17
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    Quote Originally Posted by KingsX View Post


    I haven't shared that list with you undeserving trolls.
    Thank you for sparing us from more of your nonsense.
    1Jn 2:6 The one who says he stays in Him ought himself also to walk, even as He walked.

  8. #18
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    August 20, 2019


    " Jyske Bank has become the first Danish lender to impose negative interest rates on customer deposits and has warned that sub-zero rates were looking “rather permanent”.

    more at link

    https://www.ft.com/content/ebabea22-...9-296ca66511c9


  9. #19
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    Negative Rates Are Coming for Your Savings

    August 23

    " First they came for central banks, then they came for government bonds, then they came for rich depositors. Then they came for me.

    Negative interest rates are coming for us all, in one form or another, as central banks redouble their efforts to avert a global economic slowdown that threatens to unleash deflation. So how can we defend ourselves from the coming assault on our bank balances?

    Investors seem resigned to the new no-yield orthodoxy in fixed income. Norges Bank Investment Management, the world’s biggest sovereign wealth fund, revealed on Wednesday that it has reversed its longstanding bet that bond yields will climb.

    And the government debt market passed yet another milestone this week, with Germany’s auction of the world’s first long-dated bond paying zero interest. Priced to yield -0.11%, buyers are guaranteed - guaranteed - to lose money if they hold the securities to maturity, after paying an average price of 103.61% of face value for notes that will repay at 100% in 30 years.

    Of course, you are probably already exposed to negative rates if you have any money invested in an international fixed-income fund. Someone, after all, owns the $16.5 trillion of debt that yields less than zero. With pension funds effectively forced to buy, any money you put away every month to build your retirement nest egg is helping to fuel the bonfire of yields.

    But the most direct threat that negative interest rates pose is to our bank accounts. In Switzerland and Denmark, the very wealthy are already being sanctioned. Jyske Bank A/S this week said it will charge Danish depositors with 7.5 million kroner ($1.1 million) or more in their accounts; earlier this month, UBS Group AG halved the level at which its annual 0.6% fee kicks in to 500,000 euros ($560,000).

    How long before even lower balances are subject to monetary assault? This threatens to be a key political controversy in coming months. "


    more at link

    https://www.washingtonpost.com/busin...055_story.html



  10. #20
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    The IMF has similar plans to also steal your cash!


    From Feb 2019 Bloomberg article:


    "... economists at the International Monetary Fund wrote on the group's blog. Cash, which can be held interest free, offers a way around negative rates, but electronic money issued by a central bank can't be stuffed under any mattress.

    IMF economists Ruchir Agarwal and Signe Krogstrup said that dividing the monetary base into two separate currencies - cash and electronic money - could allow rates to be cut even deeper below zero. E-money would pay whatever the policy rate is and cash would have an exchange rate against the e-cash, they wrote.

    The key is the conversion rate since that would let cash depreciate at the same pace as the negative interest rate on e-money. Shops would also start advertising prices in e-money and cash separately.

    "Cash would thereby be losing value both in terms of goods and in terms of e-money, and there would be no benefit to holding cash relative to bank deposits," Agarwal and Krogstrup said. "This dual local currency system would allow the central bank to implement as negative an interest rate as necessary for countering a recession, without triggering any large-scale substitutions into cash."

    more at link

    https://www.bloomberg.com/news/artic...negative-rates



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