Negative (Interest Rate) Reinforcement

Comments (2)

  1. Raymond Babcock says:

    Wealth cannot be produced with a printing press. For it will create stagflation. This where you have too much money chasing too few goods and services. American money should be backed by gold. As it is right now, our money is based upon they amount of goods and services you can buy with it.


  2. John Greenwood says:

    As I am not wealthy, but do not have to live paycheck to paycheck, my wife and I have worked hard to get to a comfortable place financially. The banks now pay so little in interest on money that they invest with good returns (many times what they pay in interest). If they go to negative interest, where depositors pay for the pleasure of having them use our money, I will pull ALL of my deposits from any bank going to negative interest. I will also promote this action to everyone I know and those I don’t know. The banks have been screwing the general public for many years so they can pay their executives their high salary. Negative interest should cause everyone to do a run on all banks involved. This is absolutely unacceptable.


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