pfi572
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Could someone explain this if it was to happen ?
I can’t wrap my head around it ?
Let’s say you borrow $100000.00
I can’t wrap my head around it ?
Let’s say you borrow $100000.00
Negative interest rates ?
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With little room to cut rates further, some major central banks have resorted to unconventional policy measures, including a negative rate policy. The euro area, Switzerland, Denmark, Sweden and Japan have allowed rates to fall to slightly below zero.
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pfi572
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Interesting to say the least . Can’t see it happening in Canada but with how screwed up **** is ???
Thanks
Thanks
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pfi572
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Will do but I don’t think we will live long enough . Lol
World is going to end in what? 7-12 years or something like that .
Oh I think the negative rates will be here in 3 years tops. So we'll probably live to see it.
Thats what the bet will be. If that doesnt happen or rates go up a bunch (you can decide what % that is) by jan 2024.
Show me this post and I will pay you 50$. That might only get one of us a six pack of lucky by then though..
freeflorider
Active VIP Member
lots to think about here but We don’t need negative interest to stimulate the economy we just need to remove that so called jackass running it.
Negative interest rates are coming
I always thought they would raise rates when stuff hits the fan, but frankly they can’t or they entire economy would fold. If they don’t do negative interest rates the big ponzi scene dept of the world will collapse.
Within my lifetime I believe there won’t be anymore USD/CAD/Euro and will be replaced with something else, it’s a matter of time as dept will not be paid back.
I always thought they would raise rates when stuff hits the fan, but frankly they can’t or they entire economy would fold. If they don’t do negative interest rates the big ponzi scene dept of the world will collapse.
Within my lifetime I believe there won’t be anymore USD/CAD/Euro and will be replaced with something else, it’s a matter of time as dept will not be paid back.
ABMax24
Active VIP Member
This makes no sense, at some point people are going to be borrowing more money than they will ever make in their lifetime. Effectively renting everything they own, and the bank takes it back when they die.
Look at housing, if interest rates were realistic housing wouldn't be in the millions in major centers. But the government allowed this to happen to help out their billionaire real estate developer buddies to make more money on the houses they sell.
Eventually we need to figure out a way to make the economy sustainable, constant unending growth is not possible...
Look at housing, if interest rates were realistic housing wouldn't be in the millions in major centers. But the government allowed this to happen to help out their billionaire real estate developer buddies to make more money on the houses they sell.
Eventually we need to figure out a way to make the economy sustainable, constant unending growth is not possible...
I like the way you think. But I would bet everything I'll ever own until I die that that will not happen.
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It’s already ended many times...Oh but wait...It didn’t...lol
Beels
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Reverse mortgage is a prime example of that. They're preying on people that didn't save enough for retirement for whatever reason and cashing out whatever equity they had in their home.
Bnorth
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Negative interest rates usually don't put that extra money in your pocket it gets eaten up by the fees etc so the bank still collects what was loaned.
If you guys really want an eye opener google modern monetary theory. Anyone follow the Greater Fool blog?
If you guys really want an eye opener google modern monetary theory. Anyone follow the Greater Fool blog?
Cdnfireman
Active VIP Member
Regardless of what happens to interest rates, inflation etc, the best economic policy everyone can have is to keep their debt load as close to zero as you can. Live within your means and try to save something for unforeseen costs. If negative interest rates happen and the currency gets devalued, you’ll be much farther ahead if what money you have is available for the necessities and not going to service unnecessary debt.
I disagree. I think the best thing to do is store as much real wealth as you can in Gold, Silver, Copper, Cows..... What ever floats ur boat.
And Borrow as much fiat as you can, but not for junk, only for stuff that makes you wealthy. There is a huge difference.
That strategy isn't for everyone though..(the first parts is buying gold ext, just not the borrowing part haha)
They are printing money and giving it away. Id take on a loan for 1 billion right this second If I could....
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