Posted on 02/11/2016 9:40:48 AM PST by xzins
Negative interest rates will cause a mass withdrawal of any monies left in the bank.
The current Supreme Court said the power to “tax” includes the PPACA.
Even if guns go up in value, don’t expect to see any increase “after tax” after about 2017 (or 2021).
The background check system makes for good tax collection.
Yo’re prolly right. If they are ignoring the Constitution and their own law—today it’s “Interference with federal agents”—they won’t respect the sacred right of private property.
They must do this first to make negative rates do what they think they will do. If they go negative without banning cash people will just pull everything out of the banks, bank runs and widespread panic. Banning cash prevents this from happening and allows the government total control and knowledge of every penny you make or spend and a paper trail you must account for, pretty damned Orwellian...
safe deposit boxes?
Then silver, gold, guns, booze, and services will be used as barter. I will repair your transmission and you come repair my leaking bathroom tub and put in a new water heater. People will find a way around the beast.
chip
cell phone
Look at the Fed’s balance sheet. They bought Government debt (from primary dealers, who financed with near zero fed funds giving them a guaranteed profit), Agency Debt, Mortage Backed Securities, and lending to financial institutions.
Yup. That's some high grade stuff.
who financed with near zero fed funds giving them a guaranteed profit),
If the Dealers sold, what are they financing?
Agency Debt, Mortage Backed Securities,
That's guaranteed debt. Trading above par. High quality stuff.
http://www.federalreserve.gov/releases/h41/current/
If you see any bad assets there, please point them out.
yes, Fannie / Freddie debt. High quality. Made both agencies nearly bankrupt if not for the US taxpayer and borrowing power of Fed.gov
US Government guarantees agency debt. US Gov’t bails out Fannie/Freddie. Fed buys US Gov’t debt from primary dealers for its balance sheet to drive down interest rates.
that’s the definition of a ponzi scheme.
You bet.
US Government guarantees agency debt.
Yes, when the Treasury put them in receivership, it guaranteed their debt. So it's not junk.
Later, when the Fed bought securities, they could have bought junk, but they left the junk on the bank balance sheets. They only bought guaranteed debt.
So you were wrong about the Fed taking bad assets from banks.
But, but, the Fed. Reserve is just GRAND. Dandy, even. Oh, Constitutional and wholly legal.
Just think what might have happened if we had a gold-backed currency again! How UNSTABLE it USED to be. /s
The only thing it WILL do is kill more wealth. I, for one, will pull $$ out as soon as it hits, retaining only that which is needed for bills/etc.; keeping it in my mattress will keep it in-hand, give liquidity and cheaper.
Get about as much intention as govt ‘intending’ to get more $$$ by taxing the piss out of the ‘rich’.
Its a nice trick you play there.
US banks issue subprime mortgages to level of 25% in 2006, 90% being ARM. Wall Street sells loans to US Agencies,
Market turns, Fed buys troubled assets of JP Morgan, Bear Sterns, AIG under Maiden Lane program
US Gov’t buys bad debt, suddenly making it “not junk.”
US Gov’t runs deficit of $1.3 Trillion in FY2010.
Federal Reserve prints money to buy US Gov’t debt to lower debt financing costs.
The only thing these fleecers want is to have everyone buying the Wall St stuff they are selling.
“Bond yields are tied to the interest rate. Japan just recently canceled a bond auction for lack of buyers due to negative interest rates.”
Americans would be wise to spend more time reading about what goes on abroad than paying attention to the lying manipulative USA MSM headlines.
“She should be hanging from rope for crimes against humanity.
She and the Fed are engineering a massive strip-mining of wealth and wages from ordinary citizens, to keep the Fed’s member banks afloat, and the massive progressive, expensive US government running.”
Greenspan should go first. Most of Wall Street in the 70s were guys making average money until they turned in into a big casino of insiders in the 80s that made money on deals, while our economy was sucked out the door to Asia etc. Watch the documentary Inside Job sometime. Your library probably has it or it is available on line. Hey it won an Oscar.
Pointing out your errors was not a trick.
US banks issue subprime mortgages to level of 25% in 2006, 90% being ARM. Wall Street sells loans to US Agencies,
Yeah, it was awful.
Market turns, Fed buys troubled assets of JP Morgan, Bear Sterns, AIG under Maiden Lane program
The Fed bought no troubled assets of JP Morgan.
They bought about $30 billion worth from Bear Stearns, at a huge discount, about 50%.
Later they bought a chunk from AIG. About $20 billion. Months after the government took over AIG, in September 2008. After the takeover, they also bought some CDS, spending about $24 billion.
US Gov't buys bad debt, suddenly making it "not junk."
Yes, when the Treasury put Fannie and Freddie into receivership, in September 2008, their bonds became "not junk". The Fed bought the "not junk", later
Federal Reserve prints money to buy US Gov't debt to lower debt financing costs.
Yes, the Fed's profit from their high quality bonds, Treasury and MBS, is turned over to the US Treasury.
I asked you previously to quit using facts and statistics...
My bad.
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