So there is "no barrier" to NEGATIVE yields??? THIS is INSANITY. They are SHOWING EVERYONE that the ENTIRE $$ system is a total FAKE a CON, and it isn't even making a ripple. IF the slave class "voters" are THIS DUMB, they deserve the abuse they get.

submitted by Jesus from (marketwatch.com)

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[–]magnora7 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (9 children)

It's foolish I agree, negative rates didn't work for Japan either.

Just a request, no big deal, but could you avoid capitalizing words for emphasis in your titles? It just makes it harder to read tbh

[–]Jesus[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (5 children)

Yeah sorry about that. Yeah, and negative rates imply that the longer you keep your money in a bank the less you'll have in a month or year ; excluding income. They simply siphone money over time.

[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

Thanks.

Yeah negative rates make little sense, that is basically paying banks to take loans! Instead of the banks paying interest, they get paid interest. Because they want to sell as much debt as possible, and it's gotten to the point where no one wants it because it's so toxic. That's why they're having to think about lowering rates to negative. It's a signal that something is broken.

[–]Jesus[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

Well this system of debt cannot last forever. Either they plan to implode the current system to bring in another system of control or they continue with their cryptic semantics whilst slowly collateralizing debt. Before you know it, feudalism will be the new mock democracy.

[–]magnora7 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

I think they will collapse this system and then a "new" system will come along that will be the same debt system with a new veneer, that will last another couple hundred years. That seems to be the pattern of history

[–]Jesus[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Probably, an SDR cryptocurrency backed by gold or a BRIC alliance equivalent if multilateralism becomes the new economic order. They've always planned for a one world currency, with nationstate legal tender. In this case some kind of crypto that would be monitored.

The economist made that clear in 1988. The phenix rising from the ashes of nation state paper currency in exchange for a one world cryptocurrency. Only way that would come to fruition is if they plan on collapsing the current order on a massive and disastrous scale, which I find unlikely.

But then again, maybe it's just as easy to market to the younger, developing masses. I've talked to many people who would love to get an RFID chip for buying and selling goods. That chip could be linked to your crypto account. I think they know that they have to push society in the direction they want it to go. It has to look convinent and beautiful. So, it is likely that they won't collapse thr system on a massive scale but might slowly market the new order whilst they slowly transition to it.

[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

In this case some kind of crypto that would be monitored.

Yeah it's called XRP (formerly "Ripple"). It's the banker's cryptocurrency. They make huge moves in this currency, billions all at once. It's basically created and popularized by big banks, and is the #3 largest cryptocurrency by market cap.

I've seen that economist cover. It did say 2018 on the medallion. Ripple was made in 2012 though. I think the 2018 thing was an estimate.

[–]FormosaOolong 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

I would also strongly suggest that people people being purposefully and systematically duped and abused across decades does not make them deserving of said abuse. The dumbing-down, the fear, the perpetual PTSD of living paycheck-to-paycheck etc makes it challenging for many people to wake up and face authority with empowerment. Perhaps a call to action rather than disdain would be more motivating for your brethren and sistren.

[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Yeah I agree. It's like mental illness. It isn't our fault, but it is our responsibility. We have to work together to overcome the position we find ourselves in, as a culture

[–]FormosaOolong 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

So well said. I'll order a side of that for everybody, please.