LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!! | |
Anonymous Coward User ID: 28334017 United States 09/11/2019 08:06 AM Report Abusive Post Report Copyright Violation | |
Phennommennonn
Forum Administrator 09/11/2019 08:06 AM Report Abusive Post Report Copyright Violation | The feds done. Another notch in the trump bed post. IRS is done. Has nuthn to do with being a trumptard cultist. Pay attention. Pay attention to whats going on. GS coming back. political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end. |
MissCleo
User ID: 77082640 United States 09/11/2019 08:08 AM Report Abusive Post Report Copyright Violation | 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. you believe the official 9/11 story so how can anyone listen to what you have to say? #sheeple You're a Muslim. Why should we believe you? |
BRIEF
User ID: 39607259 United States 09/11/2019 08:09 AM Report Abusive Post Report Copyright Violation | It would cost you money to have savings...banks would charge interest instead of paying you... He's not talking about your personal loans or accounts. This is national. Federal bonds etc. A Danish bank has launched the world's first negative interest rate mortgage – handing out loans to homeowners where the charge is minus 0.5% a year. Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned. [link to www.theguardian.com (secure)] As far as central banks: Japan -.1 Eurozone is at zero. Britain is at .75. Australia is at 1%. When banks go negative that means Deflation. The bank would rather lend you their money at 99.5%because they know it will be worth less than that before the loan is paid off . Everything is centered around growth, but what happens when there's no place left to grow?? I support a more balanced approach where loans are not cheap and debt is discouraged...but that's not reality We will not see free loans. A negative rate in the US would mean cheaper loans but never free. The banks can charge their rate plus prime ...or minus prime lol I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 77995584 United States 09/11/2019 08:09 AM Report Abusive Post Report Copyright Violation | WOW!!! Quoting: Anonymous Coward 75461795 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)] What he needs to do is have an independent government only company that makes the money instead of borrowing from the PRIVATE Bank named Federal Reserve. Hat would mean no more debt, and lower taxes. |
BRIEF
User ID: 39607259 United States 09/11/2019 08:10 AM Report Abusive Post Report Copyright Violation | This will screw over current retired and those close to retirement. Quoting: Anonymous Coward 77933665 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. I'm retired and I only see my stocks going up with a rate cut...hell they go up at the mere discussion of it... Last Edited by BRIEF on 09/11/2019 08:11 AM I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 57473568 United States 09/11/2019 08:11 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77774934 United States 09/11/2019 08:12 AM Report Abusive Post Report Copyright Violation | Well, Trump made a LOT of money and is a brilliant business man. I want to learn more before passing judgement. Because he may be on to something. We all want the federal reserve demolished but then criticize this tweet? That is ridiculous he’s not brilliant, that’s the thing he bluffs, files bankruptcies, refuses to pay until they settle for less and screws people if everyone did this “brilliant” strategy the system would collapse now the stress of this job is bringing on senility watch him go full retard more and more frequently, probably in time to lose in 2020 |
BRIEF
User ID: 39607259 United States 09/11/2019 08:13 AM Report Abusive Post Report Copyright Violation | The average American has money invested in the stock market via retirement plans like 401k and simple IRA's...you however apparently like to sit on the bench... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 77995437 United States 09/11/2019 08:14 AM Report Abusive Post Report Copyright Violation | You are joking right? When I was a kid in the sixties and opened my first savings account, the interest was around 6%. That was the REWARD I got for SAVING MY MONEY. If it had been 0%, it would have stayed in my sock drawer. DEBT IS NEVER, NEVER, EVER GOOD. We USED TO KNOW THAT, in America. Now all people care about is their CREDIT RATING, which allows them to get DEEPER and DEEPER in DEBT. Like good and evil, everything in this SATANIC world is being turned upside down. |
BRIEF
User ID: 39607259 United States 09/11/2019 08:15 AM Report Abusive Post Report Copyright Violation | It would cost you money to have savings...banks would charge interest instead of paying you... isnt taxing the wealthy exactly this. NO, the wealthy do not keep large piles of cash in a savings or checking...I don't really care what the bank pays me as long as they don't charge, it just pisses me off... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Lilbabez33
User ID: 77714591 United States 09/11/2019 08:15 AM Report Abusive Post Report Copyright Violation | It would also save people who owe hundreds of millions of dollars for things like bank loans for expensive real estate. Add that onto the big tax break for the rich and getting rid of the estate tax (which I’m sure is a relief to most of us here) could save certain people tons of money. Trump just keeps on MAGA. If you can't explain it simply, you don't understand it well enough." -Albert Einstein ------------------------------------- ------------------------------------- The problem is not the problem, the problem is your attitude about the problem. -------------------------------------------------------------------------- "May future generations look back on our work and say that these were men and women who, in a moment of great crisis, stood up to their politicians, the opinion-makers, and the establishment, and saved their country." - Dr. Ron Paul .......................................................................... Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world ..................................... ..................................... "And there is very grave danger that an announced need for increased security will be seized upon by those anxious to expand it's meaning to the very limits of official censorship and concealment." -JFK .......................................................................... |
Anonymous Coward User ID: 77933665 United States 09/11/2019 08:15 AM Report Abusive Post Report Copyright Violation | Why does the stock market always celebrate a Fed rate cut? An interest rate cut means businesses get cheaper loans to grow and hire more employees...GROWTH!! and that growth will fuel more jobs, more buying of equipment for businesses, and so on... Quoting: BRIEF They could cut the corporate tax rate and increase the personal tax rate on the super wealthy and accomplish a lot more. Instead of the CEO's paying themselves 20 million a year they'll be reinvesting that money in the company like they did when the top individual tax rate was at 90%. |
BRIEF
User ID: 39607259 United States 09/11/2019 08:16 AM Report Abusive Post Report Copyright Violation | It would cost you money to have savings...banks would charge interest instead of paying you... Already here in the form of monthly “Account Maintenance” fees. Not me...I'm grandfathered in and I have ensured my kids are too, so long as they stay at my local little bank I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 77995584 United States 09/11/2019 08:16 AM Report Abusive Post Report Copyright Violation | The feds done. Another notch in the trump bed post. Quoting: Phennommennonn IRS is done. Has nuthn to do with being a trumptard cultist. Pay attention. Pay attention to whats going on. GS coming back. Exactly. Playing chess and getting rid of a couple of pieces from the board bit by bit until checkmate. IRS are Federal Reserve private bank employees. They take your money in taxes so that government can pay back the interest To the Federal reserve. If he cuts the middle man and the fed, then Trump can go and make their own money backed by the gold standard. Way before the Fed Reserve was established. Thus it cuts their power over us and cuts their achilles. Subsequently it will trickle down around the world. This could turn into a golden era. |
Anonymous Coward User ID: 77995437 United States 09/11/2019 08:16 AM Report Abusive Post Report Copyright Violation | The average American has money invested in the stock market via retirement plans like 401k and simple IRA's...you however apparently like to sit on the bench... You mean in the RIGGED CASINOS, don't you? Most people don't know that they can LOSE every red cent they put into that. ASK ME HOW I KNOW THAT! |
Phennommennonn
Forum Administrator 09/11/2019 08:17 AM Report Abusive Post Report Copyright Violation | Banks control govt Govt controls ppl The fed + irs = organized money mafia = Global $$ laundering Watch n learn political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end. |
Anonymous Coward User ID: 77152000 United States 09/11/2019 08:17 AM Report Abusive Post Report Copyright Violation | |
Phennommennonn
Forum Administrator 09/11/2019 08:18 AM Report Abusive Post Report Copyright Violation | The average American has money invested in the stock market via retirement plans like 401k and simple IRA's...you however apparently like to sit on the bench... You mean in the RIGGED CASINOS, don't you? Most people don't know that they can LOSE every red cent they put into that. ASK ME HOW I KNOW THAT! And the lottery political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end. |
Anonymous Coward User ID: 7579038 United States 09/11/2019 08:18 AM Report Abusive Post Report Copyright Violation | We got x amount of money,most of its hoarded by baby boomers,this cash is locked up in banks as banks are required to hold x amount.with trumps idea,this gets cash in the system.you get a job and you get a job,everybody gets a job! Hyperinflation is venezula,a shithole with very little manufacturing. The country needs jobs and what fed likes is very valuable money.when nobody has a job,dollars are strong,when everybody has a job,dollars are weaker.trannity makes money off unemployed bozos sitting around on the www chatting.ad revenue. When we are working,his revenue goes down.we had very little hyper inflation in 2000,our country was doing great.fed hates it when our country succeeds. Then the rich folks money hoards is less valuable. Why should i mow rich mans yard for twenty when i can mske 100 as a clerk at mcdonalds? Then rich man has to mow his own yard,but because rich man partied his life away,rich man is crippled.well rich cripple,get to work! Trannities hyperinflation is bs,fed will never allow that but,fed has been choking the little man to death.for years.twenty years to be exact. Fed should have never touched the economy years back.it should have forced bankruptcies of banks and flooded the housing market with cheap houses.this would have stabilized the economy as young couples bought cheap and remodeled houses. Thus stimulating construction and material sales. As it is now.they have killed so many small businesses that were thriving. Fed almost murdered this country,they should be hung for treason. We had a great economy in 2000 and fed fucked it up. |
Anonymous Coward User ID: 75058461 United States 09/11/2019 08:19 AM Report Abusive Post Report Copyright Violation | 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. you believe the official 9/11 story so how can anyone listen to what you have to say? #sheeple You're a Muslim. Why should we believe you? you are dumb B word.... I'm a white christian who follows the word of god! not allah! take your official narrative believing arse and shove it!! |
Maddrummerboy
User ID: 77406019 United States 09/11/2019 08:19 AM Report Abusive Post Report Copyright Violation | It would cost you money to have savings...banks would charge interest instead of paying you... Looks like I'm gonna have to head to my wells Fargo with briefcase in hand How much does your savings or checking account pay you now? .0001% lol ?? HA! if that. Dont want to invest our savings in anything risky. We already have two different 401k's. One is strictly to pull in dividends from wife's previous company. Everything's paid for, vehicles, house, land etc...Contemplating using it to by more real estate if they wanna screw around though. |
Cap’n Obvious
User ID: 76010295 United States 09/11/2019 08:20 AM Report Abusive Post Report Copyright Violation | ... Quoting: BRIEF It would cost you money to have savings...banks would charge interest instead of paying you... He's not talking about your personal loans or accounts. This is national. Federal bonds etc. A Danish bank has launched the world's first negative interest rate mortgage – handing out loans to homeowners where the charge is minus 0.5% a year. Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned. [link to www.theguardian.com (secure)] As far as central banks: Japan -.1 Eurozone is at zero. Britain is at .75. Australia is at 1%. When banks go negative that means Deflation. The bank would rather lend you their money at 99.5%because they know it will be worth less than that before the loan is paid off . Everything is centered around growth, but what happens when there's no place left to grow?? I support a more balanced approach where loans are not cheap and debt is discouraged...but that's not reality We will not see free loans. A negative rate in the US would mean cheaper loans but never free. The banks can charge their rate plus prime ...or minus prime lol I can’t see us going negative either... it would be like jumping into the abyss. The national/world economic situation must be far more desperate than simply too much debt and mild recession. Have a nice day = GFY. GFY = Go Fuck Yourself. If this offends you then have a nice day. |
Anonymous Coward User ID: 77732762 Israel 09/11/2019 08:20 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77732762 Israel 09/11/2019 08:21 AM Report Abusive Post Report Copyright Violation | Well, Trump made a LOT of money and is a brilliant business man. I want to learn more before passing judgement. Because he may be on to something. We all want the federal reserve demolished but then criticize this tweet? That is ridiculous Retard, Trump INHERITED money, that's different. |
anonymous coward User ID: 76076258 United States 09/11/2019 08:21 AM Report Abusive Post Report Copyright Violation | When he went bankrump the FIRST time I thought "we will never have to hear about THAT guy again" and now thirty yeaars later he is Tweeing from the white house no less. I just wonder who is his sugar daddy this time? |
Anonymous Coward User ID: 76863067 United States 09/11/2019 08:22 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77268284 Canada 09/11/2019 08:23 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77995216 Sweden 09/11/2019 08:23 AM Report Abusive Post Report Copyright Violation | I’m in real estate and all for 0% or neg rates. Refinancing the federal debt at 0% would save the country a ton. Banks already pay nothing, millennials and gen x have nothing so it would only hurt boomers who keep money in the bank. Quoting: Anonymous Coward 73508291 Stocks will boom, real estate will boom, borrowing costs for small businesses would expand. The only thing better then 0% is abolishing the fed and printing our own money. Cutting rates to 0 is almost like cutting the tenatacles off the fed reserve Most of you people are bible tards. Usury is a sin in the Bible no? Time to kick the money changers out. Go trump! YES! Governments/the people should be the bank. And to serve society best instead of private banks it should loan out money to projects that will pay off. Then zero or minus interest makes sense. |
Weyoun
User ID: 77989510 United States 09/11/2019 08:24 AM Report Abusive Post Report Copyright Violation | ... Quoting: Éireann So... If the Fed cuts interest rates to zero or negative interest rates, regular banks would follow suit? Or is this only for the Fed which finances our National debt? The key interest rate the Feds like to play with is the overnight lending rate from one bank to another. At a zero rate they can't make money so they charge you and I just to have cash there to pay bills with, but it gives borrowers very cheap loans. Loans are how businesses grow and new ones start up...credit card interest is often tied to the prime rate, so credit card debt becomes cheaper too...nearly free loans can cause explosive growth... What about bonds? Generally when rates rise bonds fall, but it's difficult to predict because emotion runs the markets, not mathematics... Elite banking cartel run the markets. |