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Old 09-20-2019, 09:29 AM
 
1,602 posts, read 387,295 times
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Quote:
Originally Posted by ed06288 View Post
so do people just withdraw all their savings in the event of negative interest rates? would there be a run on the banks if a recession hits?
Do you want to pay the bank to store your money? There is a reason people like Dalio are piling in gold. Negative rates are a black hole. There is no way out except default.
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Old 09-20-2019, 02:13 PM
 
18,980 posts, read 20,960,783 times
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Quote:
Originally Posted by Serious Conversation View Post
Where do they expect the next round of monetary stimulus to come from when the next recession hits?
Hey hey hey...don’t go around asking questions like that. Nobody knows what they’re gonna do. You’ll be buying bread like the Germans did after the war. A wheelbarrow full of money I guess.
But most likely you won’t be saving any money. They would expect people to spend everything. I can tell you at the height of the crash I had 100,000 in a account because I was looking to buy a house. In one year the interest paid was $100. It was a joke.
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Old 09-23-2019, 05:03 AM
 
Location: Maine
2,411 posts, read 1,731,671 times
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Quote:
Originally Posted by heart84 View Post
Do you want to pay the bank to store your money? There is a reason people like Dalio are piling in gold. Negative rates are a black hole. There is no way out except default.
It looks like Denmark is doing just that, they are now charging to hold your money. It was set at 1 million now it's down to $100000.
I don't have a link to the story but read it this morning.
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Old Today, 05:26 AM
 
2,320 posts, read 698,607 times
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Quote:
Originally Posted by Electrician4you View Post
Hey hey hey...don’t go around asking questions like that. Nobody knows what they’re gonna do. You’ll be buying bread like the Germans did after the war. A wheelbarrow full of money I guess.
But most likely you won’t be saving any money. They would expect people to spend everything. I can tell you at the height of the crash I had 100,000 in a account because I was looking to buy a house. In one year the interest paid was $100. It was a joke.
That's why I just shake my head when people said put your money in a Savings account after 1986
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