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Yellen on negative rates: 'We wouldn't take those off the table' (Recession & pay fee to save money)
CNBC ^
| 11 Feb 16
| Jeff Cox
Posted on 02/11/2016 9:40:48 AM PST by xzins
click here to read article
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To: xzins
If you Love your Economy you can keep your Economy! 401K not so much!
21
posted on
02/11/2016 10:00:56 AM PST
by
Harpotoo
To: Toddsterpatriot
Maybe a âThe Fed gave us negative rates, and all I got was this lousy t-shirtâ shirt?Negative rates? Time to invest in mattress futures.
22
posted on
02/11/2016 10:02:29 AM PST
by
catfish1957
(I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
To: xzins
I took what few thousands I actually had in a savings account and put the cash in a couple safes in different locations.
I got tired of my interest putting me in a higher tax bracket ;/
To: Harpotoo
401K not so much!Just wait till the Bern confiscates your 401K and IRAs to fund an expanded national social security system.
24
posted on
02/11/2016 10:03:53 AM PST
by
catfish1957
(I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
To: 556x45
The leftists are probably salivating over a plan which further sours your view of the banks. Sanders has made it plain that he wants to break up the big banks. Of course, that means to have the Federal government take over banking like they have taken over healthcare.
It’s amazing to me how the left does not see how their policies mirror fascism.
To: Toddsterpatriot
Yeah, charging banks interest on their Fed balances is gonna keep banks afloat. Not. what was the purpose of QE 1...QE4?
26
posted on
02/11/2016 10:07:35 AM PST
by
PGR88
To: catfish1957
Just wait till the Bern confiscates your 401K and IRAs to fund an expanded national social security system.
If a democrat wins in November that will happen. It will be the "Obamacare" type marquee cause of the new democrat president. It will be "if you like your IRA you can keep your IRA", and letting the government manage it for you will make it grow more blah blah blah.
And the Republicans will do nothing to prevent it. Most of them will probably sign on to it (hi, Paul Ryno).
And when that it spent then the confiscation of savings accounts will be the next target.
27
posted on
02/11/2016 10:08:52 AM PST
by
LostInBayport
(When there are more people riding in the cart than there are pulling it, the cart stops moving...)
To: PGR88
Add liquidity and reserves to the banking system. Lower long term interest rates.
28
posted on
02/11/2016 10:09:29 AM PST
by
Toddsterpatriot
("Telling the government to lower trade barriers to zero...is government interference" central_va)
To: xzins
Yellen said she does not believe that is the case of the European countries where it has been tried.Any chance that asteroid won't miss the planet?
29
posted on
02/11/2016 10:11:57 AM PST
by
wastedyears
(uchikudake - toki michite - ikiru tame - tokihanate)
To: Resolute Conservative
I have a share account on which I was drawing .001% interest last year.
Given inflation, I suppose I’m losing money.
30
posted on
02/11/2016 10:11:58 AM PST
by
xzins
(Have YOU Donated to the Freep-a-Thon? https://secure.freerepublic.com/donate/)
To: Extremely Extreme Extremist
“Then the mark on the forehead...”
chip
31
posted on
02/11/2016 10:12:34 AM PST
by
catnipman
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
To: xzins
Any change like that will not come until after the election when most folks are not paying attention.
32
posted on
02/11/2016 10:13:21 AM PST
by
HOYA97
(twitter @hoya97)
To: Buckeye McFrog
“Would they at least get a free toaster out of the deal? “
No. If interest rates go negative, YOU have to give the BANK a toaster to open an account.
33
posted on
02/11/2016 10:13:47 AM PST
by
catnipman
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
To: catnipman
Can we just give them toast?
34
posted on
02/11/2016 10:15:18 AM PST
by
xzins
(Have YOU Donated to the Freep-a-Thon? https://secure.freerepublic.com/donate/)
To: Toddsterpatriot
Add liquidity and reserves to the banking system. Lower long term interest rates. So banks have had bad assets taken off their books and been filled with cash, which for the most part, seems to have gone to blowing bubbles in financial assets. Long term interest rates continue to drop while short term rates are near zero.
Is this soviet-style central planning working??
35
posted on
02/11/2016 10:15:49 AM PST
by
PGR88
To: xzins
My kids gave me a George Foreman grill, and it is AWESOME!
To: xzins
Hasn’t the crazy woman heard of safe deposit boxes.
For people with lots of money, they’ll just buy the daily cash receipts off retailers.
Wait until just about all the printed dollars disappear to see how Democrats can ruin an economy.
Personally, I’ve already thought about burying money in PVC pipe because I’m so angry over low interest rates.
My car dealer Congressman wants cheap money. I’ll be needing a job if this keeps. His pays well.
To: Buckeye McFrog
Can you actually get grill marks on steaks?
38
posted on
02/11/2016 10:17:09 AM PST
by
xzins
(Have YOU Donated to the Freep-a-Thon? https://secure.freerepublic.com/donate/)
To: Brian Griffin
put your money in something with value: buy a gun, take care of it, and in 20 years it will have retained its value at current value.
39
posted on
02/11/2016 10:18:23 AM PST
by
xzins
(Have YOU Donated to the Freep-a-Thon? https://secure.freerepublic.com/donate/)
To: xzins
Negative interest means cash bans, so it’s not shocking that people are rushing into PMs.
Deutch Banks and a lot of euro banks have incredible exposure to derivatives. US banks have heavy exposure to oil companies.
I would think that we are going to see the outright nationalization of banks. That way, as arms of the government, the banks would have the authority to confiscate anything, cash, gold, homes etc.
Totalitarianism such as we’ve never seen. The Beast is at the door.
40
posted on
02/11/2016 10:20:12 AM PST
by
grumpygresh
(We don't have Democrats and Republicans, we have the Faustian uni-party)
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