They are going to steal everything we worked for.
They are going to steal everything we worked for.
The Bankster Larry Summers gave a recent talk in front of the IMF advocating negative interest rates. This would mean that savers would no longer get an interest rate but would have to pay money to put it in the bank.
He is backed up by the nobel prize winner Paul Krugman who wrote an article demonizing savers as bad people.
"But in a liquidity trap saving may be a personal virtue, but it’s a social vice. And in an economy facing secular stagnation, this isn’t just a temporary state of affairs, it’s the norm. Assuring people that they can get a positive rate of return on safe assets means promising them something the market doesn’t want to deliver – it’s like farm price supports, except for rentiers."
"One way to get there would be to reconstruct our whole monetary system – say, eliminate paper money and pay negative interest rates on deposits. "
http://webcache.googleusercontent.com/s ... ent=safari
The American middle class is scheduled for destruction. You have no pensions. Your savings are taxed and shrink instead of grow. Obamacare sucks all your present income. There will be no social security. You will be a slave until you die. Something like this is going to have to happen because the public debt in unsustainable. They have engineered this from the beginning.
He is backed up by the nobel prize winner Paul Krugman who wrote an article demonizing savers as bad people.
"But in a liquidity trap saving may be a personal virtue, but it’s a social vice. And in an economy facing secular stagnation, this isn’t just a temporary state of affairs, it’s the norm. Assuring people that they can get a positive rate of return on safe assets means promising them something the market doesn’t want to deliver – it’s like farm price supports, except for rentiers."
"One way to get there would be to reconstruct our whole monetary system – say, eliminate paper money and pay negative interest rates on deposits. "
http://webcache.googleusercontent.com/s ... ent=safari
The American middle class is scheduled for destruction. You have no pensions. Your savings are taxed and shrink instead of grow. Obamacare sucks all your present income. There will be no social security. You will be a slave until you die. Something like this is going to have to happen because the public debt in unsustainable. They have engineered this from the beginning.
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- Teal Lantern
- Veteran Poster
- Posts: 2790
- Joined: August 13th, 2012, 4:48 pm
- Location: Briar Patch, Universe 25
While they're getting rid of paper money and running (more) negative interest rates, they'll need to implement currency controls and nix international travel, too.
The market will adjust (the thinking portion, anyway).
There are already things that can be bought and (provided they aren't damaged, etc) will maintain their value as long as there is a functioning economy.
The market will adjust (the thinking portion, anyway).
There are already things that can be bought and (provided they aren't damaged, etc) will maintain their value as long as there is a functioning economy.
не поглеждай назад.
"Even an American judge is unlikely to award child support for imputed children." - FredOnEverything
"Even an American judge is unlikely to award child support for imputed children." - FredOnEverything
They would never do that because it benefits banks to have the deposits. Without money in the banks, there are no bankers. It would just result in a mass exodus of money to the stock market where returns would be greater than negative, which wouldn't make a damn bit of difference because your bank already dumps that same money in the stock market right after you deposit it. If you're dumb enough to just leave money sitting in a CD or treasury account, you're already making 2.5%+ negative interest per year anyway.
The were some proposals to outright confiscate 10% of assets in Europe recently, you should be more concerned about that.
The were some proposals to outright confiscate 10% of assets in Europe recently, you should be more concerned about that.
Anyone putting their money in low-interest bearing savings accounts, bonds, Treasuires or CDs, is really asking for it!; the rate of return won't even surpass the annual inflation rate, so you're not even breaking even, really...
And, I wouldn't trust putting all my money in the banks either! I'd rather put my money into something like Goldmoney.com or split it among some off-shore banks. Also, I'd invest half my money in Gold and Silver to hedge against the coming financial armageddon.
And, I wouldn't trust putting all my money in the banks either! I'd rather put my money into something like Goldmoney.com or split it among some off-shore banks. Also, I'd invest half my money in Gold and Silver to hedge against the coming financial armageddon.
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- Elite Upper Class Poster
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- Joined: June 12th, 2010, 7:08 am
- Location: New Orleans, LA USA
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Summers is an economist -- i.e., a shill for banksters -- and fortunately is not about to become Bankster-in-chief. Obama wanted to appoint him as Fed chief, but there was enough of an outcry that it couldn't be pulled off.
Anybody got any ideas on where to put cash? I'm looking at the Ukraine CD's with high interest. Contrarian Expatriate apparently has had good luck with them, but I'm going to have to go over there and get the best feel I can over several weeks for level of risk.
Anybody got any ideas on where to put cash? I'm looking at the Ukraine CD's with high interest. Contrarian Expatriate apparently has had good luck with them, but I'm going to have to go over there and get the best feel I can over several weeks for level of risk.
Yes, that right. Savers are already getting negative rates with inflation. And that's why the stock market is going through the roof even though the economy is lousy. The system use to consider savings a virtue and they were rewarded at what use to considered the reasonable rate of 3 percent. But now savers are vilified and forced to put their money at risk in the stock market where the banksters know how to manipulate and take their wealth. Also, Gold is actively manipulated by the Government and another joke investment. You can't escape their system and they are evil.HouseMD wrote:They would never do that because it benefits banks to have the deposits. Without money in the banks, there are no bankers. It would just result in a mass exodus of money to the stock market where returns would be greater than negative, which wouldn't make a damn bit of difference because your bank already dumps that same money in the stock market right after you deposit it. If you're dumb enough to just leave money sitting in a CD or treasury account, you're already making 2.5%+ negative interest per year anyway.
The were some proposals to outright confiscate 10% of assets in Europe recently, you should be more concerned about that.
Re: They are going to steal everything we worked for.
MrPeabody wrote:The Bankster Larry Summers gave a recent talk in front of the IMF advocating negative interest rates. This would mean that savers would no longer get an interest rate but would have to pay money to put it in the bank.
He is backed up by the nobel prize winner Paul Krugman who wrote an article demonizing savers as bad people.
"But in a liquidity trap saving may be a personal virtue, but it’s a social vice. And in an economy facing secular stagnation, this isn’t just a temporary state of affairs, it’s the norm. Assuring people that they can get a positive rate of return on safe assets means promising them something the market doesn’t want to deliver – it’s like farm price supports, except for rentiers."
"One way to get there would be to reconstruct our whole monetary system – say, eliminate paper money and pay negative interest rates on deposits. "
http://webcache.googleusercontent.com/s ... ent=safari
The American middle class is scheduled for destruction. You have no pensions. Your savings are taxed and shrink instead of grow. Obamacare sucks all your present income. There will be no social security. You will be a slave until you die. Something like this is going to have to happen because the public debt in unsustainable. They have engineered this from the beginning.
+1. Read the writing on the wall folks. Eventually you can expect exit visas like in the former
Soviet Union. The middle class is always the enemy of despots...
Gold/Silver prices are definitely being manipulated, but they can't manipulate them forever. Precious metals will never be worthless (unlike paper) and prices will go up once everything else fails. Gold/Silver aren't really "Investments" as they don't make profits really. They only prevent LOSING $$ from inflation caused by the constant money printing. The elitists want you to think that Gold/Silver are bad investments and that is why they manipulate the value so much. This is easier to do as long as the Federal Reserve is in operation. Their plan is working and many are selling them off...don't fall for it.MrPeabody wrote:Gold is actively manipulated by the Government and another joke investment.
The thing is, if the global economy collapses, gold will be just as worthless as anything else. The claim that it has intrinsic value is completely false- you can't eat it, you can't weaponize it, you can't build with it. People will be starving and desperate. You think I'm going to give you some of my preciously limited food for some damn rock? I might trade my food for bullets or whatever, but the number of people that we have on the planet are unsustainable without a modern economic system. A gold based system will likely never happen- more likely, if everything collapses, there will be a single global currency and gold will only be useful for black market transactions.tre wrote:Gold/Silver prices are definitely being manipulated, but they can't manipulate them forever. Precious metals will never be worthless (unlike paper) and prices will go up once everything else fails. Gold/Silver aren't really "Investments" as they don't make profits really. They only prevent LOSING $$ from inflation caused by the constant money printing. The elitists want you to think that Gold/Silver are bad investments and that is why they manipulate the value so much. This is easier to do as long as the Federal Reserve is in operation. Their plan is working and many are selling them off...don't fall for it.MrPeabody wrote:Gold is actively manipulated by the Government and another joke investment.
This whole thing is ridiculous anyways. I don't even want to get into the fundamental misunderstandings of how the Federal Reserve works. But people have been saying the U.S. economy would collapse since the day we declared independence. It probably won't collapse completely in my lifetime, and if it does, oh well. Look at the ruble, it collapsed, and Russia was fine within a few years. Iceland's economy collapsed and they aren't exactly dying in the streets. Argentina's currency devalued massively, and now they are back. There isn't one case in the modern world of a currency collapse being so devastating as to result in the government confiscating everyone's money and enslaving them. Yeah, World War I was a war that had very much to do with currency devaluation, but that was a war, not the start of martial law, starvation on a grand scale, mass confiscation, and a country that never escaped the iron grip of dictatorship like many conspiricists thing will happen.
And inflation is something that has to happen in a world with a growing number of people. If you have a GDP of 100,000 dollars and 1,000 citizens, you have 100 dollars per capita of income. If your population doubles, and your currency does not inflate, you have 100,000 dollars and 2,000 citizens. Goods will be twice as valuable due to supply and demand, yet currency will be halved. Therefore, you have massive poverty and unemployment due to your per capita income being halved to 50 dollars per capita for your 2,000 citizens, while goods have twice as much demand and have doubled in price, effectively making the PPP of each citizen 25% of what it was when the population was 1,000. Congratulations, this is what happens when you have a fixed dollar based on a gold standard.
Ive seen economic panic-fests my whole life, and none of them ever bore fruit or Armageddon, nor did they for my father, or my grandfather, or my great grandfather. The chances that financial Armageddon will happen in my life are not zero, but they are low. And the chances that such a collapse will happen in the next ten years, even lower. So I'm just going to keep on investing, 20% foreign stocks, 20% foreign real estate, 20% U.S. stocks, 10% U.S. real estate, 20% foreign bonds, 10% U.S. corporate bonds and we'll see who comes out better in the end, my portfolio, food, guns, medical supplies, and ammo (the latter four of which I will hopefully never need), or your piles of shiny bricks.
Can we just chill with the doom porn and get back to focusing on women and culture? Because seriously, there's been people getting off about the end of days since the beginning of days and all of them have been declared completely bullshit wrong since the beginning of time.
It's already started. Today the euro took a huge fall when the European Central Bank officially mentioned negative interest rates. If the European Bank does this, the other banks will follow, because all the large central banks today talk to each other and coordinate policy. One economist has already said that the natural interest rate is - 4 percent. This is a huge expense for just putting your money in the bank. The war on savers has begun. If you can't save money, you have no future. You have nothing. The banksters own you.
http://online.wsj.com/article/BT-CO-201 ... 10327.html
http://www.bloomberg.com/news/2013-11-2 ... eeded.html
http://online.wsj.com/article/BT-CO-201 ... 10327.html
http://www.bloomberg.com/news/2013-11-2 ... eeded.html
Or you just put your money in something that doesn't rely on passive interest, like, you know, an investment of some sort.MrPeabody wrote:It's already started. Today the euro took a huge fall when the European Central Bank officially mentioned negative interest rates. If the European Bank does this, the other banks will follow, because all the large central banks today talk to each other and coordinate policy. One economist has already said that the natural interest rate is - 4 percent. This is a huge expense for just putting your money in the bank. The war on savers has begun. If you can't save money, you have no future. You have nothing. The banksters own you.
http://online.wsj.com/article/BT-CO-201 ... 10327.html
http://www.bloomberg.com/news/2013-11-2 ... eeded.html
An investment has risk. The markets are manipulated by the banksters and once you put your money in stock it can go to zero. Putting your money in the markets is not the answer. That's like the chicken giving its eggs to the fox for safe keeping.HouseMD wrote:Or you just put your money in something that doesn't rely on passive interest, like, you know, an investment of some sort.MrPeabody wrote:It's already started. Today the euro took a huge fall when the European Central Bank officially mentioned negative interest rates. If the European Bank does this, the other banks will follow, because all the large central banks today talk to each other and coordinate policy. One economist has already said that the natural interest rate is - 4 percent. This is a huge expense for just putting your money in the bank. The war on savers has begun. If you can't save money, you have no future. You have nothing. The banksters own you.
http://online.wsj.com/article/BT-CO-201 ... 10327.html
http://www.bloomberg.com/news/2013-11-2 ... eeded.html
- Teal Lantern
- Veteran Poster
- Posts: 2790
- Joined: August 13th, 2012, 4:48 pm
- Location: Briar Patch, Universe 25
Argentina is back?
Last I heard, every asset Kirchner couldn't steal or nationalize, she was price controlling into insolvency.
The countries may "crash & recover" but they don't usually make whole the citizens whose assets were devalued or confiscated.
Last I heard, every asset Kirchner couldn't steal or nationalize, she was price controlling into insolvency.
The countries may "crash & recover" but they don't usually make whole the citizens whose assets were devalued or confiscated.
не поглеждай назад.
"Even an American judge is unlikely to award child support for imputed children." - FredOnEverything
"Even an American judge is unlikely to award child support for imputed children." - FredOnEverything
So buy investments that are safer-income generating properties, your own business, index funds, bonds you trust. Income generating properties are generally always good investments if they are paid off in full, because even if shit goes south, people will still trade for a roof over their head. Thats why landowners are generally the richest class of people anywhere but the West.MrPeabody wrote:An investment has risk. The markets are manipulated by the banksters and once you put your money in stock it can go to zero. Putting your money in the markets is not the answer. That's like the chicken giving its eggs to the fox for safe keeping.HouseMD wrote:Or you just put your money in something that doesn't rely on passive interest, like, you know, an investment of some sort.MrPeabody wrote:It's already started. Today the euro took a huge fall when the European Central Bank officially mentioned negative interest rates. If the European Bank does this, the other banks will follow, because all the large central banks today talk to each other and coordinate policy. One economist has already said that the natural interest rate is - 4 percent. This is a huge expense for just putting your money in the bank. The war on savers has begun. If you can't save money, you have no future. You have nothing. The banksters own you.
http://online.wsj.com/article/BT-CO-201 ... 10327.html
http://www.bloomberg.com/news/2013-11-2 ... eeded.html
I have a handful of argentenian friends and they say life is pretty good. Definitely never said anything about people dying in the streets etc. My point isn't that we will retain our current place in the world, just that life probably won't be all that bad.Teal Lantern wrote:Argentina is back?
Last I heard, every asset Kirchner couldn't steal or nationalize, she was price controlling into insolvency.
The countries may "crash & recover" but they don't usually make whole the citizens whose assets were devalued or confiscated.
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