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Markets went up today in hope that the US will follow Japan off the cliff and implement negative rates as well. Nothing has worked so far and there is no way negative interest rates will work. The world has never been desperate enough to do this. Pure Insanity.
Do you people even realize what negative interest rates will do? Negative interest rates will destroy the currency system we have in place. It will bankrupt the entire world. It will lead, eventually, back to the gold-backed currency system, but only after wreaking horrendous social catastrophes.
The NIRP pretenders are lying to themselves pretending this will spur growth. It won't. Our leaders are the blind men leading us into greater blindness. Let's just hope NIRP will never be implemented here in the US.
If America chooses to survive as a nation, choosing interest rates higher, and the Dollar as the surviving currency, then oil goes to $10.
If America chooses to not survive as a nation, NIRP, then oil will soar and America breaks into parts.
We have painted our selfs into a corner. Greed has to be paid for.
What you get beat up for is the fact all you do is complain about it . Others may not be happy with the way things are done but instead of whining about things they can't control they spend their time learning to profit from it AND DO . .
This is funny considering back in the Summer when I was predicting that they would begin pushing NEGATIVE rates, you once again "laughed" at me and said I was just giving out more "poor information".
Now that they are pushing negative rates, the question is what if the Fed does it? It would wipe out every Saver in this country because:
- Putting money in the bank might COST you money, which requires you to put it into markets
- When markets tank, there's no more moves the Fed can do because you can't go more "negative" than "negative", thus, people would just be wiped out
How you guys don't see the Central Banks as a PROBLEM is beyond me, is it NOT clear as day now? But everybody is so busy being "programmed" by their financial advisor or being "distracted" by watching the next episode of Teen Mom.
Market went up due to rebalancing in some mutual funds, it's not good news to have negative interest rate. BOJ knows that QE doesn't do anything but they keep trying. Perhaps these kinds of policies have hurt Japan for years.
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