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RummyBoy · 02-11-2016, 10:51 AM

Yellen Says Fed Evaluating Possibility of Negative Rates in U.S. - Bloomberg Business

Yellen is trying to appease while markets sell off big time and meanwhile gold is exploding. This is how desperate the US economy is right now; it looks like they're going to take interest rates negative. It's hard for some people to comprehend even though rates are negative in Japan, Sweden, Switzerland etc. Can you imagine -2% interest rates?

You have $10,000 in your bank account and at the end of the year, you lose $200 in interest so you're left with $9,800. That's the reason they're so keen to ban cash ie they want your money trapped in the bank or spent so it helps boost economic activity.

02-11-2016, 10:51 AM
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	Negative Interest Rates Are On The Table Yellen Says Fed Evaluating Possibility of Negative Rates in U.S. - Bloomberg Business Yellen is trying to appease while markets sell off big time and meanwhile gold is exploding. This is how desperate the US economy is right now; it looks like they're going to take interest rates negative. It's hard for some people to comprehend even though rates are negative in Japan, Sweden, Switzerland etc. Can you imagine -2% interest rates? You have $10,000 in your bank account and at the end of the year, you lose $200 in interest so you're left with $9,800. That's the reason they're so keen to ban cash ie they want your money trapped in the bank or spent so it helps boost economic activity.