#Login Register


  • 1 Vote(s) - 5 Average
Home 


ECB to officially lower the deposit facility rate to negative as in you pay the bank to hold your deposits
06-05-2014, 06:22 PM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,276 Threads:1,438 Joined:Feb 2011
Today's decision by the ECB to officially lower the deposit facility rate to negative (as in you pay the bank to hold your deposits) is shocking [...]

inflating the debt is the only way out for the status quo. The only question is what format it will take. [...]

More here: zerohedge.com

It makes no sense whatsoever to keep money in the bank at this point. wtf2.gif

wonder.gif
06-05-2014, 06:36 PM #2
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
http://www.truthorfiction.com/rumors/d/d...5CN8WdOXyQ congress tried to pass a bill a few years back..charging a 1 percent fee to bank customers on their direct deposit

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
06-05-2014, 06:43 PM #3
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
and you can bet the farm that the European banks will pass the cost of having reserves held by the ecb on to their customers

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
06-05-2014, 07:12 PM #4
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Does this mean the banks pay us to borrow? I could live with that yay.gif
06-05-2014, 07:23 PM #5
Octo Mother Superior
Posts:42,601 Threads:1,469 Joined:Feb 2011
Sounds reasonable hyper.gif
06-05-2014, 07:37 PM #6
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,276 Threads:1,438 Joined:Feb 2011
(06-05-2014, 07:12 PM)Shadow Wrote:  Does this mean the banks pay us to borrow? I could live with that yay.gif

lol.gif And the cops have to pay us to drive under the speed limit. yup.gif
It's only fair.

wonder.gif
06-05-2014, 07:37 PM #7
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
http://www.usatoday.com/story/money/busi.../10000985/

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
06-05-2014, 07:41 PM #8
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
banks might do more lending instead of having the ecb hold it and charge for the banks reserves or the banks could be stubborn an just keep it in reserves and pay the charge and in turn pass that on to the customers in bank fees ....it's an incentive to get the banks to lend

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
06-05-2014, 07:48 PM #9
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,276 Threads:1,438 Joined:Feb 2011
Let's play Lend or Hoard... Mr. Bank, what will you do? coffeetime.gif
I don't think I needed to ask the question. chuckle.gif

wonder.gif
06-05-2014, 07:52 PM #10
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
you might be surprised..right now the banks in Europe and usa are sitting on hoards of cash..afraid to release too much ..afraid of hyper inflation ..

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
06-05-2014, 08:03 PM #11
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
The US Federal Reserve has been printing money since 2011 to cover USGovt debt securities in a frenetic manner. They have lost control. They call it stimulus, when it is actually the opposite. It does assist the speculators with nearly zero cost money to borrow, but one must be a club member to win loan grants. The Quantitative Easing programs are deceptive. When the program was initially announced, the Jackass claimed it would be part of an endless sequence. With QE1 and QE2 and Operation Twist and QE3, following the failed trial balloon called Taper Talk, it is quite clear to anyone with an active brain stem and absent rose colored glasses that the USFed is caught in a trap called QE to Infinity. It is not stimulative. Instead, the uncontrollable bond monetization causes capital destruction. It causes economic degradation. It causes lost jobs and vanished income. It is a gigantic wet blanket to smother and destroy the USEconomy slowly, amidst unending propaganda. QE
Read more at http://www.maxkeiser.com/tag/hyperinflat...CLHvMJi.99

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
06-05-2014, 08:16 PM #12
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,276 Threads:1,438 Joined:Feb 2011
Indeed QE is anything but stimulative, we've seen that nonsense play out round after round, and there has been nothing to show for it.

wonder.gif
06-05-2014, 08:22 PM #13
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
that's right..we have seen how little the so called stimulus packages have done here..such as obamas shovel ready jobs//chuckle.gif my last car loan I financed thru ford credit ..the bank was stingy in the amount they wanted to loan 13.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
06-05-2014, 08:40 PM #14
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,276 Threads:1,438 Joined:Feb 2011
You worked for Ford right? Or had a family member? If I remember right, that's how that was set up.

wonder.gif
06-05-2014, 08:43 PM #15
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
I have several family members who worked or retired from ford ..it helps to get that discount

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png



Home 




 



DISCLAIMER / Terms of Service (TOS):
Kritterbox.com - Socialize anonymously, commentary, discussion, oddities, technology, music and more!  This website is provided "as is" without warranty of any kind, either expressed or implied. kritterbox.com shall not be liable for any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.
This website exists solely for the purposes of exchange of information, communication and general entertainment. Opinions from posters are in no way endorsed by kritterbox.com. All posts on this website are the opinion of the authors and are not to be taken as statements of fact on behalf of kritterbox.com. This site may contain coarse language or other material that kritterbox.com is in no way responsible for. Material deemed to be offensive or pornographic at the discretion of kritterbox.com shall be removed. kritterbox.com reserves the right to modify, or remove posts and user accounts on this website at our discretion. kritterbox.com disclaims all liability for damages incurred directly or indirectly as a result of any material on this website. Fictitious posts and any similarity to any person living or dead is coincidental.
All users shall limit the insertion of any and all copyrighted material to portions of the article that are relevant to the point being made, with no more than 50%, and preferably less of the original source material. A link shall be visible in text format, embedded directly to the original source material without exception.
No third party links, i.e. blogs or forums will be accepted under any circumstances, and will be edited by staff in order to reflect the original source of copyrighted material, or be removed at the sole discretion of kritterbox.com.
Fair Use Notice:
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to economics, individual rights, international affairs, liberty, science, and technology. This constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for educational and/or research purposes.
This Disclaimer is subject to change at any time at our discretion.
Copyright © 2011 - 2017 kritterbox.com