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Farmer-Rick

(10,072 posts)
7. There is no bad idea that Traitor Trump won't embrace
Wed Sep 11, 2019, 11:25 AM
Sep 2019

This negative interest rate is a desperate effort to stave off economic recession. Why do it, if you don't have a problem looming? It's suppose to give incentive to banks to loan more money out but it doesn't seem to be doing that in countries that have implemented it.

The filthy rich are hoarding money and it is not circulating.

Already, I have moved several bank accounts that wanted to charge me a monthly fee. No way am I going to pay them. I'll just withdraw my money and deal in cash. Hmmm, maybe it is time to take a closer look at bit coin.

Latest Discussions»Issue Forums»Economy»Trump reverses course, se...»Reply #7