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LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!

 
ranjmaz

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09/11/2019 11:33 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
The 'Fed' is a collection of banks, they declare a target rate, not the effective rate.

Effective rates are determined via auctions which include mandated direct bidders (Fed Banks) and indirect bidders, then there is a bid to cover ratio.

If rates go negative, the banks will start charging account holders to keep their cash for them.

Doesn't exactly help the middle class or anyone with an interest earning account.

Anyone with an interest earning account is already being robbed blind. The rate of interest being paid on these accounts in the US, where rates are, is ALREADY LESS than inflation. So, it's theft on a grand scale.

If we go to zero or negative, it's mandated theft by POTUS.

It would probably boost stocks, help the banks, as they reach into your account, like a bail-in. The system would be propped up by the tax payers via these types of accounts.

In order for the Fed to cut rates to zero or negative, they have to inflate. Vast debt expansion, then it has to be bought back by the Fed via the auction.
Anonymous Coward
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09/11/2019 11:33 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Stop voting for old people for president. We had the choice between dementia Hillary and dementia Trump in 2016. Now they want dementia Biden vs. dementia Trump in 2020. Dumb.
 Quoting: Anonymous Coward 77355751


Trump HAS actually shown signs of dementia, multiple times.. Not Biden.
mr. jingles

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09/11/2019 11:34 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Negative interest rates mean you pay the bank to store your money.

Negative interest rates brings dollar devaluation.

Dollar devaluation means inflation.

Good luck to all who think they will have the opportunity to save money.

You will lose just as much money if not MORE.
mr. jingles
DuckNCover

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09/11/2019 11:35 AM

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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Got my some of my assets in cryptos...
They are paying me 7% to hold with them. (Yes the company I am using is insured and is following all regulations.)
It's new but...seems like more people would give it a chance. I sure as shit not keeping my money in a bank where I'm paying them to hold my money.

Fuck banks. Fuck the fed. Fuck em all!

s226
 Quoting: Anonymous Coward 60097151


So the company is paying you 7% interest to hold your cryptos. What happens when the company gets data mined and your cryptos get stolen (mined). Any guarantee that you'll get your money back...
Anonymous Coward
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09/11/2019 11:35 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Negative interest rates mean you pay the bank to store your money.

Negative interest rates brings dollar devaluation.

Dollar devaluation means inflation.

Good luck to all who think they will have the opportunity to save money.

You will lose just as much money if not MORE.
 Quoting: mr. jingles


Yes, it's very bad.
abeliever
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09/11/2019 11:37 AM

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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
...


How??? For those of us who have actual CASH, we are penalized with putting our money in the bank and earning NO interest. We can’t even go to bonds anymore.

They are making it so if you have cash, you will be losing money. No place is safe, not real estate, not the stock market and not the bank.
 Quoting: Anonymous Coward 77408026


I am sorry - I think you don't understand banking.
Trump is talking about the Federal Reserve - the private corporation that loans the Fed Government money for its operations.
NOT YOUR BANK where you save your money.
No one deposits their cash in the Federal Reserve.
Are people really this stupid?
I mean I know that the masses are borderline mentally disfunctional, but wow.
 Quoting: Anonymous Coward 72530568



YOU are a fucking idiot...
 Quoting: Anonymous Coward 77992394


I fundamentally disagree.
How so?
You love bankers? You want them to charge your government interest on money that they loan to the Government?
It is stuff like this that got JFK murdered because he dared threaten the Fed Reserve.
I find it incredible how stupid people here are who are defending the bankers and want the bankers to rape the American tax payers.
Wow.
Just wow.
Or GLP is full of shills.
 Quoting: Anonymous Coward 72530568


So true! I worry for Trump with respect to this.
Anonymous Coward
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09/11/2019 11:37 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Alan Greenspan has been suggesting this lately. It has been occurring in other countries.

Powell raised the rates too quickly - probably to stifle the TRUMP economy. We've also been doing Qualitative Tightening since the end of 2016 - so all the props that were given to the FAUXbama economy have been removed for TRUMP and the $4.1 trillion in QE is now flowing in the other direction.

I'm surprised the TRUMP economy has been as strong as it has given the attempts to kneecap TRUMP's economy.
SyncAsFunk

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09/11/2019 11:38 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Negative interest rates mean you pay the bank to store your money.

Negative interest rates brings dollar devaluation.

Dollar devaluation means inflation.

Good luck to all who think they will have the opportunity to save money.

You will lose just as much money if not MORE.
 Quoting: mr. jingles



It plays directly into the JWO Bankster's hands.

Politicultists can't see the forest through their knees.
Some Will. Some won't. So.......
Anonymous Coward
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09/11/2019 11:39 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
It seems that most here are missing the point.
What Trump is asking for is GOOD for America.
But the masses are stupid and the media hates Trump so the masses turn off their brains and just act like NPC's.

He is talking about the Federal Reserve - - - you know, the same Fed Reserve that most of you whine about all the time.
The one that makes money loaning the US Government money to run the country - that Fed Reserve.
If the Fed Reserve went to 0% it would save the government, and YOU money.

It is incredible how many here miss this.
 Quoting: Anonymous Coward 72530568


How??? For those of us who have actual CASH, we are penalized with putting our money in the bank and earning NO interest. We can’t even go to bonds anymore.

They are making it so if you have cash, you will be losing money. No place is safe, not real estate, not the stock market and not the bank.
 Quoting: Anonymous Coward 77408026


I am sorry - I think you don't understand banking.
Trump is talking about the Federal Reserve - the private corporation that loans the Fed Government money for its operations.
NOT YOUR BANK where you save your money.
No one deposits their cash in the Federal Reserve.
Are people really this stupid?
I mean I know that the masses are borderline mentally disfunctional, but wow.
 Quoting: Anonymous Coward 72530568


No, I think you are an idiot who doesn’t understand they are going to take everyone’s wealth, one way or another. And physical silver and gold won’t mean shit when they tell you to take the chip in your forehead.
 Quoting: Anonymous Coward 77408026


Oh - I see you are deflecting the conversation to something totally different.
Yes, I understand that the banks are going to a cashless society and that chips will be made mandatory to work, eat, live. I am not ignorant.
But lets get back on track for this thread.
Trump wants the Fed Reserve to reduce THEIR interest rate to zero.
This is good for America because the National Debt is financed by the Fed Reserve. The current interest on the National Debt that the Fed Reserve charges the Fed Government (and hence American taxpayers) exceeds the total income of the Federal Government every year.
In short, the interest on the debt is bankrupting the nation.
If the Fed Reserve reduces the lending rate to the US Fed Government to 0 then perhaps there is a chance to start reducing the debt.
I have tried to explain it simply - but it seems that most still don't get it or refuse to try to understand.
ORANGE MAN BAD syndrome has hit hard.
abeliever
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09/11/2019 11:40 AM

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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Alan Greenspan has been suggesting this lately. It has been occurring in other countries.

Powell raised the rates too quickly - probably to stifle the TRUMP economy. We've also been doing Qualitative Tightening since the end of 2016 - so all the props that were given to the FAUXbama economy have been removed for TRUMP and the $4.1 trillion in QE is now flowing in the other direction.

I'm surprised the TRUMP economy has been as strong as it has given the attempts to kneecap TRUMP's economy.
 Quoting: Anonymous Coward 76879092


THIS^^
CSnow

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09/11/2019 11:42 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
How Negative Interest Rates Screw Up the Economy

Now there is talk everywhere that the United States too will descend into negative interest rates. And there are people on Wall Street and in the media that are hyping this absurd condition where government bonds and perhaps even corporate bonds, and eventually even junk bonds have negative yields. All of that NIRP absurdity is already the case in Europe and Japan.
 Quoting: Anonymous Coward 77994079


This idiocy is apolitical or non-political because way too many people in the elite, on both sides of the fence, are playing the game of super-low or negative interest rates.

I'll have to include Trump in that group too, certainly if he thinks low-interest rates - which have existed for years - somehow boost the economy.

The opposite extreme of that, high-interest rates (as existed in the early 1980s), is bad too.

Unlike the world of ideology (where "centrists" are often closeted liberals), a moderate position in the world of finance is the best one. Interest rates that are to the economy what the Three Little Bears are to fables: Not too high (papa bear), not too low (mommy bear), but just right (baby bear).

.
Anonymous Coward
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09/11/2019 11:42 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
As a candidate he was saying that low interests rate were bad.
Anonymous Coward
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09/11/2019 11:42 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Negative interest rates mean you pay the bank to store your money.

Negative interest rates brings dollar devaluation.

Dollar devaluation means inflation.

Good luck to all who think they will have the opportunity to save money.

You will lose just as much money if not MORE.
 Quoting: mr. jingles



It plays directly into the JWO Bankster's hands.

Politicultists can't see the forest through their knees.
 Quoting: SyncAsFunk


So the Fed Reserve, which is a privately owned organization which enriches the JWO Bankers - makes money off the US National Debt interest by loaning the US Fed Govt it's operating capital.
If the lending rate to the US Fed Govt is reduced to 0% then the JWO doesn't make money off lending it to the Govt.
And this "plays directly into their hands" how?
They make less money?
Anonymous Coward
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09/11/2019 11:42 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
WOW!!!

Conversation
Donald J. Trump
@realDonaldTrump
The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....
5:42 AM · Sep 11, 2019·Twitter for iPhone
2.5K
Retweets

[link to twitter.com (secure)]
 Quoting: Anonymous Coward 75461795


President Trump is trying to give the economy one last boom before the biggest bubble pops.

The bubble we are in has been long time coming. Pretty much since Nixon took us off the Gold standard in the early 1970s. The 2008 crash nothing was fixed with all the bailouts, TARP, QE 1,2,3, infinity, etc...

The Fed is now boxed into a corner. Here is the catch, they have known this all along....

You keep hearing "Level Playing Field". When there is a Global Reset a lot of the debt will go into the NEW ASSET CLASS that will UPGRADE the existing FIAT currencies. We know them as Bitcoin and Digital Assets.

The New York Stock Exchange parent company The Intercontinental Exchange will open the first Wall Street Crypto/Digital Asset Exchange on September 23rd or 12 days from now. You think this is co-incidence or they have known the entire time.

Now you know why President Trump is doing the bi-lateral trade agreements. The financial system of the world is going to change over the next 10 years. You will be able to send money anywhere in the world at the cost of 1 /0,000 of a penny, and it will "instantly settle". Instead of people getting paid every 2 weeks. People will get paid every day or every hour. Everything will be tokenized and over the next 20 years it will be the new stock market. This is just a little bit of what is to come. It is much more, but it will get us out of this mess that we have been in for a very long time.

Anyway, President Trump knows this. So they are just trying to kill the economy. That way we can go to the new digitized economy. This will happen gradually over the next two to three decades.
 Quoting: Anonymous Coward 72415243


They will digitize currency in the forms of credits to be sent digitally. But they won't be using crypto's for it. The crypto trade being setup for wall street is being done to use crypto's like an asset to be traded as stock except in the form of token or coins or whatever they hell they want to call them. IT will be purely for making profit, not backing or creating a new currency. They want to trade crypto's like silver, gold, oil, wheat etc.. That is all they are setting up, and they might even set their own crypto tokens up.. Smart people won't touch that shit, others will play it like a stock market gamble..
Smart money will be in tangible assets, not digital.. Thats not to say you wont make money playing their casino crypto stock game.. You will.. but its not real wealth and is about a valuable as paper contracts saying you own gold or silver..
Anonymous Coward
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09/11/2019 11:43 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Stop voting for old people for president. We had the choice between dementia Hillary and dementia Trump in 2016. Now they want dementia Biden vs. dementia Trump in 2020. Dumb.
 Quoting: Anonymous Coward 77355751


Trump HAS actually shown signs of dementia, multiple times.. Not Biden.
 Quoting: Anonymous Coward 77732762


LOL nope. To claim TRUMP is suffering from any sort of age related issues and Biden is not is just pure deranged Orange Man Bad bullshittery.
CSnow

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09/11/2019 11:44 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Stop voting for old people for president. We had the choice between dementia Hillary and dementia Trump in 2016. Now they want dementia Biden vs. dementia Trump in 2020. Dumb.
 Quoting: Anonymous Coward 77355751


Trump HAS actually shown signs of dementia, multiple times.. Not Biden.
 Quoting: Anonymous Coward 77732762


I'd be worried if you said otherwise.

Liberals are into lies as truths, truths as lies.


.
Anonymous Coward
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09/11/2019 11:45 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
unbelievable

Trumps trying to con everyone into the stock market.

sad
SyncAsFunk

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09/11/2019 11:45 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
As a candidate he was saying that low interests rate were bad.
 Quoting: Anonymous Coward 1011606


"that played well before the election - now we don't care, right?"

Chronic Kneelers have been gaslit to the point of sheer pavlovian discordance.

Oh well.

:)
Some Will. Some won't. So.......
Anonymous Coward
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09/11/2019 11:48 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
this is 100% proof Trump was a planned plant for the Banksters.
taternuts

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09/11/2019 11:48 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
insane is defined: doing the same thing over and over expecting a different result, Mr. Trump.

This insane idea has been tested before, and didn't work for the long term.
Anonymous Coward
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09/11/2019 11:48 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
"They’re keeping the rates artificially low so the economy doesn’t go down,"
(...)
"So that Obama can say he did a good job. That's the only reason that the rates are so low. They're keeping the rates artificially low so that Obama can go out and play golf after January and say that he did a good job. But it is a very, a very false economy."
(...)
“We have a very false economy"

[link to www.realclearpolitics.com (secure)]
Anonymous Coward
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09/11/2019 11:49 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
trin was right
 Quoting: Anonymous Coward 76694416


Nobody fucking listens to me...

-sigh-
 Quoting: ^TrInItY^


Please explain why this is bad?
 Quoting: Anonymous Coward 71972928


Because it's Sharia LAW.

Trump is caving to the Sauds.

Jared is pushing Israel Peace Plan, allowing Palestinians to own Jerusalem. al Asqa mosque will expand and the Western Wall will no longer mean anything. Banking started in Jerusalem with the tradition of good faith loans but with interest to prove good faith.
 Quoting: MissCleo


chuckle Come on...good faith?!?!. You are obviously a banker of some type. Banks will not be needed in the future...maybe just a hub of sorts will work. You are a smart cookie but please don't push that interest on money is a good thing at this point in our economic/financial evolution.
Usmc1868
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09/11/2019 11:49 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
...


Nobody fucking listens to me...

-sigh-
 Quoting: ^TrInItY^


You are NEVER right.
 Quoting: Anonymous Coward 77980993


If you say so chief.
 Quoting: ^TrInItY^


I DO say so captain.

You need to fuck off about Trump.
 Quoting: Anonymous Coward 77980993


Trump is buffoon!
SyncAsFunk

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09/11/2019 11:51 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Negative interest rates mean you pay the bank to store your money.

Negative interest rates brings dollar devaluation.

Dollar devaluation means inflation.

Good luck to all who think they will have the opportunity to save money.

You will lose just as much money if not MORE.
 Quoting: mr. jingles



It plays directly into the JWO Bankster's hands.

Politicultists can't see the forest through their knees.
 Quoting: SyncAsFunk


So the Fed Reserve, which is a privately owned organization which enriches the JWO Bankers - makes money off the US National Debt interest by loaning the US Fed Govt it's operating capital.
If the lending rate to the US Fed Govt is reduced to 0% then the JWO doesn't make money off lending it to the Govt.
And this "plays directly into their hands" how?
They make less money?
 Quoting: Anonymous Coward 72530568


This is a sovereign debt crisis.

It's not about 'money' at that level.

It's about Total Spectrum Control and Command.

It's about trading one insane debt to infinity system that still allows certain individual 'freedumbs' for one that makes human FREEDOM impossible - a Global Digital Slavery System.

Orwell is wondering why he even bothered.
Some Will. Some won't. So.......
Usmc1868
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United States
09/11/2019 11:51 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
WOW!!!

Conversation
Donald J. Trump
@realDonaldTrump
The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....
5:42 AM · Sep 11, 2019·Twitter for iPhone
2.5K
Retweets

[link to twitter.com (secure)]
 Quoting: Anonymous Coward 75461795


"Substantially increasing the term".... Yup, For life!

You will be owned...
Anonymous Coward
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09/11/2019 11:52 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
Negative interest rates mean you pay the bank to store your money.

Negative interest rates brings dollar devaluation.

Dollar devaluation means inflation.

Good luck to all who think they will have the opportunity to save money.

You will lose just as much money if not MORE.
 Quoting: mr. jingles


This
Anonymous Coward
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09/11/2019 11:55 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
...


How??? For those of us who have actual CASH, we are penalized with putting our money in the bank and earning NO interest. We can’t even go to bonds anymore.

They are making it so if you have cash, you will be losing money. No place is safe, not real estate, not the stock market and not the bank.
 Quoting: Anonymous Coward 77408026


I am sorry - I think you don't understand banking.
Trump is talking about the Federal Reserve - the private corporation that loans the Fed Government money for its operations.
NOT YOUR BANK where you save your money.
No one deposits their cash in the Federal Reserve.
Are people really this stupid?
I mean I know that the masses are borderline mentally disfunctional, but wow.
 Quoting: Anonymous Coward 72530568


No, I think you are an idiot who doesn’t understand they are going to take everyone’s wealth, one way or another. And physical silver and gold won’t mean shit when they tell you to take the chip in your forehead.
 Quoting: Anonymous Coward 77408026


Oh - I see you are deflecting the conversation to something totally different.
Yes, I understand that the banks are going to a cashless society and that chips will be made mandatory to work, eat, live. I am not ignorant.
But lets get back on track for this thread.
Trump wants the Fed Reserve to reduce THEIR interest rate to zero.
This is good for America because the National Debt is financed by the Fed Reserve. The current interest on the National Debt that the Fed Reserve charges the Fed Government (and hence American taxpayers) exceeds the total income of the Federal Government every year.
In short, the interest on the debt is bankrupting the nation.
If the Fed Reserve reduces the lending rate to the US Fed Government to 0 then perhaps there is a chance to start reducing the debt.
I have tried to explain it simply - but it seems that most still don't get it or refuse to try to understand.
ORANGE MAN BAD syndrome has hit hard.
 Quoting: Anonymous Coward 72530568

whatever

You’re wrong. On so many levels.

Happy September 11th. Enjoy your day.
Anonymous Coward
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09/11/2019 11:56 AM
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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
How exactly would negative interest rates work in this country?
 Quoting: NDFarm


It would cost you money to have savings...banks would charge interest instead of paying you...
 Quoting: BRIEF


No, it means that the banks would have to pay back less money than the full amount they borrow from the fed.
DuckNCover

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09/11/2019 11:58 AM

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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
This will screw over current retired and those close to retirement.

It will also hurt the lower classes as bank fees will have to increase so the banks can make a profit.

Inflation will also increase which is bad for the lower and lower middle class workers.

It's good for business owners and people that want to borrow money but it's bad for everybody else.
 Quoting: Anonymous Coward 77933665


I'm close to retirement and would rather keep my money in a money market fund which will acquire more interest than regular savings accounts. When things get real dicey with negative rates, then it would be better store cash in a safety deposit box or safe. Then I could invest in stocks or bonds or value ETF's that can earn dividends...

I don't see inflation increasing as we race towards the bottom. It's more deflationary. Inflation is when the economy takes off and wages start rising astronomically to catch up and entice the demand for more workers...

As of hurting the poor and lower classes, that depends on options that those people have for saving money. It is entirely possible that crypto companies can be made to compete against banks. Also, banks can get into crypto currency as in the Libra. How banks would make money would be through taking a share of the profits from crypto currency fluctuations. The more entities that buy into cryptos will result in an increase in the price of cryptos. A bank can lock in a lower price by buying millions of cryptos and pass that savings onto the customer. As the customer trades in a crypto, it is traded in at the higher price and the bank shares the profits with the customer...
Shadow Dance

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09/11/2019 12:02 PM

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Re: LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
I don't claim to be an economist but it seems to me that by reducing the intrest rates - is the same as getting rid of the Fed ... they won't be making any money and perhaps paying YOU for using their SERVICE





GLP