Negative interest rates ?

[skegpro]

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?

Interesting stuff indeed.

https://www.reuters.com/article/us-usa-economy-tax-breakingviews-idUSKCN20K2DD

 

[lilduke]

Interesting stuff indeed.

https://www.reuters.com/article/us-usa-economy-tax-breakingviews-idUSKCN20K2DD

Wealth taxes first, then comes the Gulags second....

 

[skegpro]

Wealth taxes first, then comes the Gulags second....

Yeah, really no point of trying to get ahead if the government just equalizes everyone.

 

[lilduke]

Yeah, really no point of trying to get ahead if the government just equalizes everyone.

Thats why I preach bitcoin. Its down today, but I tell everyone. Get some of that chit.

 

[lilduke]

Thats why I preach bitcoin. Its down today, but I tell everyone. Get some of that chit.

Or even Gold if you dont believe in Bitcoin.

Easy to hide a large $ amount in Gold from the Comey's

 

[Cyle]

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....

Agreed. Low interest rates to borrow means potential to make huge $.

 

[Cyle]

Interesting stuff indeed.

https://www.reuters.com/article/us-usa-economy-tax-breakingviews-idUSKCN20K2DD

Only broke idiots would be for a tax like that. 6% of net worth tax a year? How would they ever expect anyone to gain wealth with such a tax? And how would you manage that? Every year spend a fortune estimating value of assets trying to figure out how much taxes they owe? You'd be giving incentive to people to stay broke or hide money.

 

[pfi572]

Couple of you fellas sound like past Provincial government and elected Federal clowns . LOL
Borrow ,borrow and borrow some more .

 

[lilduke]

Couple of you fellas sound like past Provincial government and elected Federal clowns . LOL
Borrow ,borrow and borrow some more .

Yeah except I make money and actually pay the loans back. the government just piss's it away ......

 

[Cdnfireman]

Agreed. Low interest rates to borrow means potential to make huge $.

Or lose your ass in a big way. Few people have spent or borrowed their way to prosperity.

 

[lilduke]

How exactly did Trump make his fortune? I forget...

 

[pfi572]

Yeah except I make money and actually pay the loans back. the government just piss's it away ......

You can mile out sleds
Take the winters off
Sled bum in Revy
Get sponsored for riding
Take lots of pictures
Absolutely awesome
My plan sucks as it’s just work it seems . Lol
Have some friends that have kids that do your life style as well but old family coin and can’t fail .
I like your plan as it’s way better then mine .

 

[lilduke]

You can mile out sleds
Take the winters off
Sled bum in Revy
Get sponsored for riding
Take lots of pictures
Absolutely awesome
My plan sucks as it’s just work it seems . Lol
Have some friends that have kids that do your life style as well but old family coin and can’t fail .
I like your plan as it’s way better then mine .

it helped starting out with the family I did.

that's why if I duck up a real estate deal I'll be OK.


I get that's not the case for everyone

 

[lilduke]

it helped starting out with the family I did.

that's why if I duck up a real estate deal I'll be OK.


I get that's not the case for everyone

and also why a wealth tax is very unappealing. I know it make liberals blood boil to see families do well intergenerationaly.

level playing field and all that bs.

 

[Bnorth]

Only broke idiots would be for a tax like that. 6% of net worth tax a year? How would they ever expect anyone to gain wealth with such a tax? And how would you manage that? Every year spend a fortune estimating value of assets trying to figure out how much taxes they owe? You'd be giving incentive to people to stay broke or hide money.

exactly but there are a lot more broke idiots than people thriving right now. In Canada the top 10% of income earners pay 54% of the taxes. The bottom 90% only pay 46% and they still want more

 

[pfi572]

https://globalnews.ca/news/4038135/...rst-performer-in-the-world-next-to-venezuela/

 

[X-it]

Bonds heading for record lows. Coronavirus ...ya right. https://www.bloomberg.com/news/arti...-bond-yield-reaches-record-low-on-coronavirus


https://www.wsj.com/articles/more-m...y-as-coronavirus-spooks-investors-11582864550

 

[lilduke]

https://youtu.be/mQZIyuHZwkQ

 

[pano-dude]

How exactly did Trump make his fortune? I forget...

Didn't he inherit it from his father? Waay easier to build on existing wealth than starting from Nothing.

 

[lilduke]

Didn't he inherit it from his father? Waay easier to build on existing wealth than starting from Nothing.

very true. but he grew that wealth a lot by using debt to buy real estate. he even went bankrupt and got a bail out from the Rothchild's.


good to be part of illuminati I guess lol