Negative Interest Rates

My bank is considering introducing negative interest rates due to the ECB lower their interest rats.
> I've always lived within my means
> Spent as little as possible
> Saved up as much as I can for a "rainy day"
Any other anons also have negative interest?
This policy feels like it punishes the people who live frugal.

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zerohedge.com/news/2019-06-17/negative-rate-world-cash-king
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Buy gold? idk how this works but why would anyone agree to having money taken from them for having them in the bank

Do you live around niggers? If not just put your money under your mattress then.

negative interest rates are a more overt form of wealth confiscation through inflation. fuck the banks. buy bitcoin and gold

Buy bitcoin you fucking retard , negative interest rates will end up creating a slave feudal class and another of overlords that acumulated capital when it was still "legal".

Think for a second if they push for negative interest rates to stimulate the economy what will happen when the economy slows downs again?
Even more negative interest rates , until saving becomes illegal and you have to spend all your income the same month you made it.

Of course they would need to abolish cash to pull this up which they will try but this will push people to bitcoin.

Sure you may not be able to legally buy bitcoin , but you can simply buy an amazon gift card and then exchange it for cryptos.

People will escape that shit system any way or another.
But keynsians are fully retarded so they will try it.

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>be poor
>gov takes a little of your money each month
lel

normal banks don't have negative interest rates, at least not for normal wealth. anybody with more than 100k wouldn't have it at a bank anyway, who knows which banks still exist in 5 ears from now.

Its awesome it will accelerate the muslim takeover of the west while also lead to more people buying crypto.

These are the types of post that offer no value to Jow Forums. If you see dumbasses making these posts name and shame them until they fuck off back to Stormfront where they belong. Racism isn't tolerated on this board

The end goal of negative interest rates will be something called demurrage currency. The store of value function is being stripped away from currencies and you'll have to buy gold or something else if you want a savings/store of value

Already happening, less than 100k
zerohedge.com/news/2019-06-17/negative-rate-world-cash-king

fuck off nigger

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It has value for people who lives around niggers

He based.

thats for loans only not savings or checking accounts you dumbass

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ez b8

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Buy gold, not bitcoin, bitcoin is fucking useless

Buy dai (usd stablecoin) and lend on compound dapp.
12.75% apr currently

you dont get negative interest rate if you hodl bitcoin

Wait, they pay you to get a loan? What the fuck

To have you spend money. Recession is about to hit us soon and the banks really don't want that.

Incorrect boomer. The pillow comes for thee.

How is 30 minute transaction times useful? Don't say lightning network.

its only for banks and central banks. commercial banks can still give their clients normal interest rates

yeah let me buy something online with my .2 gram of gold

So why don't you just take out the biggest loan you can and get paid for it?

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>he keeps his money in the bank
NGMI

get like 10 million dollar loan and only spend 1% a year
you basically make 100k a year

t. *siiip*

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>Buy gold?
Worth considering this. Some financial experts will recommend up to 10% of your net worth in gold.

>dont say that thing that completely destroys my retarded argument
>sending 0.2g of gold over internet is faster than 30mins
youre reaching levels of boomer never even imagined before

Honk Honk

bump

I've been seeing so many similar posts I can't tell whether it's b8 or a fucking redditfag anymore

satfu troll.

>This policy feels like it punishes the people who live frugal.
That's literally how central banks work. Their entire lifeblood is stealing purchasing power from frugal people.

demographic research
unironically

Yeah and sleep hugging my shotgun for the rest of my life because I keep gold at home

This
(((negative interest))) is illuminakike plan to steal everything left from us goyim, it was alrdy announced in the protocols of Toronto : red aurora, leaked by based Serge Monast. He got killed for revealing this doc 30 years ago. And now the plan come to fruition. Please read it frens, it's jaw dropping, all the clownworld we are living... everything was in the protocols.

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my bank wires take haĺf a day to 2 days if international

That's impossible OP. Banks don't go in negative interest rates for their private customers since changing banks is piss easy. It's possible for corporate customers but fuck no for private individiuals. Change banks if it is so

>negative interest rates
In America, if any bank dared to so much as whisper this aloud to themselves as a suggestion, they would find their coffers completely dry within moments. The entire economy would collapse because of the massive bank run this would cause.

Gold transactions take several days assuming anyone accepts it

spotted the nigger

>saving fiat with negative interest rates

Holy shit who let Jow Forums in ?