Wow can they do that? I mean suppose you got a big savings account there, then all of a sudden you have pay big time fees?
This don't sounds fair to me?
Topic: Bank of Japan institutes negative interest rates - page 2. (Read 2421 times)
This is why I got into bitcoin. Coming to the US soon too. I'll never pay a bank to hold my money.
Lol really? In my country the interest is close to 0% but paying a bank money?
Banks which overcharge us on almost every service they provide?
This is why I got into bitcoin. Coming to the US soon too. I'll never pay a bank to hold my money.
Negative interest, never heard about like this thing before. Its better to put money This sound like paying bank to guard our money. LOL
Much better idea
NIRP will be coming everywhere soon, EU and Japan have it now and the ZIRP policies of the UK and the US will soon go NIRP when the economy falters.
This will also be teamed with a ban on cash so no one can escape, i.e. you have to spend your money or face it being whittled away in the bank. Stuff like Apple Pay and contactless credit cards is just the beginning.
NIRP - Negative Interest Rate Policy
ZIRP - Zero Interest Rate Policy
This will also be teamed with a ban on cash so no one can escape, i.e. you have to spend your money or face it being whittled away in the bank. Stuff like Apple Pay and contactless credit cards is just the beginning.
NIRP - Negative Interest Rate Policy
ZIRP - Zero Interest Rate Policy
Stock up on Romanian AKs, ammo, potable water, TP & as many copies of Atlas Shrugged as you can lay your hands on
Japan has gone NIRP - basically they have devalued their currency to help exports in a bid to get growth.
China is struggling at the minute, they really need to devalue their currency to compete and this news might temp them to go for it next month. The Chinese people (1bn+) are looking at having some of the value of their savings wiped out by the central banksters. If you knew your country was going to devalue the currency would you try to take steps to protect your wealth?
Can you imagine if even a small portion of Chinese people start to buy BTC?
China is struggling at the minute, they really need to devalue their currency to compete and this news might temp them to go for it next month. The Chinese people (1bn+) are looking at having some of the value of their savings wiped out by the central banksters. If you knew your country was going to devalue the currency would you try to take steps to protect your wealth?
Can you imagine if even a small portion of Chinese people start to buy BTC?
they had enough time already and obviously they are not buying.
because bitcoin is not based on interest, this mean that you're not actually losing anything if you don't sell with banks instead they are basically stealing your money if you leave those there in their account
with bitcoin you only lose if bitcoin go to zero, much more probable that your bank go bankrupt, if you ask me
with bitcoin you only lose if bitcoin go to zero, much more probable that your bank go bankrupt, if you ask me
nobody will safe bitcoin if it fails while Banks will always be safed.
there are plenty of example of banks and whole goverment that failed miserably, cyprus is not the only example, there is greece too, and i'm sure there are many others
All banks got their bailout beside Banks in Iceland where even Banksters went to prison.
But Iceland is so small and insignificant compared to the rest of the world.
oh okay. There is also Lehman brothers. They are the only big bank which didn't get their bailout because they where the first Bank back then going bankrupt. The Result was the 2008 crises which forced the governments to safe all Banks in order to not ignite the crises even further.
because bitcoin is not based on interest, this mean that you're not actually losing anything if you don't sell with banks instead they are basically stealing your money if you leave those there in their account
with bitcoin you only lose if bitcoin go to zero, much more probable that your bank go bankrupt, if you ask me
with bitcoin you only lose if bitcoin go to zero, much more probable that your bank go bankrupt, if you ask me
nobody will safe bitcoin if it fails while Banks will always be safed.
there are plenty of example of banks and whole goverment that failed miserably, cyprus is not the only example, there is greece too, and i'm sure there are many others
Can you imagine if even a small portion of Chinese people start to buy BTC?
Japan has gone NIRP - basically they have devalued their currency to help exports in a bid to get growth.
China is struggling at the minute, they really need to devalue their currency to compete and this news might temp them to go for it next month. The Chinese people (1bn+) are looking at having some of the value of their savings wiped out by the central banksters. If you knew your country was going to devalue the currency would you try to take steps to protect your wealth?
Can you imagine if even a small portion of Chinese people start to buy BTC?
China is struggling at the minute, they really need to devalue their currency to compete and this news might temp them to go for it next month. The Chinese people (1bn+) are looking at having some of the value of their savings wiped out by the central banksters. If you knew your country was going to devalue the currency would you try to take steps to protect your wealth?
Can you imagine if even a small portion of Chinese people start to buy BTC?
because bitcoin is not based on interest, this mean that you're not actually losing anything if you don't sell with banks instead they are basically stealing your money if you leave those there in their account
with bitcoin you only lose if bitcoin go to zero, much more probable that your bank go bankrupt, if you ask me
with bitcoin you only lose if bitcoin go to zero, much more probable that your bank go bankrupt, if you ask me
nobody will safe bitcoin if it fails while Banks will always be safed.
Not true look at Cyprus.
because bitcoin is not based on interest, this mean that you're not actually losing anything if you don't sell with banks instead they are basically stealing your money if you leave those there in their account
with bitcoin you only lose if bitcoin go to zero, much more probable that your bank go bankrupt, if you ask me
with bitcoin you only lose if bitcoin go to zero, much more probable that your bank go bankrupt, if you ask me
nobody will safe bitcoin if it fails while Banks will always be safed.
because bitcoin is not based on interest, this mean that you're not actually losing anything if you don't sell with banks instead they are basically stealing your money if you leave those there in their account
with bitcoin you only lose if bitcoin go to zero, much more probable that your bank go bankrupt, if you ask me
with bitcoin you only lose if bitcoin go to zero, much more probable that your bank go bankrupt, if you ask me
lol, bitcoin can lose 10% of its value in one day easy.
Why would you say it's smarter to have a highly speculative asset instead of a currency which is used in your country.
Sushi will cost the same in Japan today as it cost last month. As will all the other daily stay at the same price level. Devaluation a currency doesn't automatically reduce your buying power because the inflation is still very low in Japan as a fact.
Maybe it will be a bit more expensive in the future to buy a German car in Japan, but on the other hand Japanese Cars will be cheaper in other countries aka. push their export a bit more.
I know Japan is doing this for 20 years without significant success. But on the other hand it is what keeps the country running for 20 years.
But the Inflation everybody is talking about when referring to Bitcoin is really not the problem in our economy system.
Why would you say it's smarter to have a highly speculative asset instead of a currency which is used in your country.
Sushi will cost the same in Japan today as it cost last month. As will all the other daily stay at the same price level. Devaluation a currency doesn't automatically reduce your buying power because the inflation is still very low in Japan as a fact.
Maybe it will be a bit more expensive in the future to buy a German car in Japan, but on the other hand Japanese Cars will be cheaper in other countries aka. push their export a bit more.
I know Japan is doing this for 20 years without significant success. But on the other hand it is what keeps the country running for 20 years.
But the Inflation everybody is talking about when referring to Bitcoin is really not the problem in our economy system.
Negative interest, never heard about like this thing before. Its better to put money in vault rather than paying banks to hold money.
I think this is an idea that will become more commonplace in the future. It's the reason some economists are advocating banning cash too. Sweden and Switzerland have also experimented with it.
A Swiss pension manager figured out it would be cheaper to remove his client funds in cash and pay for it to be guarded elsewhere. When the time came to remove the money from the banks he was forbidden from doing so.
http://www.zerohedge.com/news/2015-04-25/war-cash-migrates-switzerland
Does this also count for general people or only for large instututions and corporations?
I don't think it is wise to charge people for having some reserves for harsh times, you may see a lot of people run into trouble if they do unwise investments in the future.
I don't think it is wise to charge people for having some reserves for harsh times, you may see a lot of people run into trouble if they do unwise investments in the future.
It doesn't count for general people. Only commercial banks will be affected by getting charged -0.1% by the central bank for some deposits, ordinary people won't be charged anything to make deposits. Its not a new thing, its already been done before by Denmark, Sweden, Switzerland and the European Central Bank.
NIRP will be coming everywhere soon, EU and Japan have it now and the ZIRP policies of the UK and the US will soon go NIRP when the economy falters.
This will also be teamed with a ban on cash so no one can escape, i.e. you have to spend your money or face it being whittled away in the bank. Stuff like Apple Pay and contactless credit cards is just the beginning.
NIRP - Negative Interest Rate Policy
ZIRP - Zero Interest Rate Policy
This will also be teamed with a ban on cash so no one can escape, i.e. you have to spend your money or face it being whittled away in the bank. Stuff like Apple Pay and contactless credit cards is just the beginning.
NIRP - Negative Interest Rate Policy
ZIRP - Zero Interest Rate Policy
This is why I got into bitcoin. Coming to the US soon too. I'll never pay a bank to hold my money.
Negative interest, never heard about like this thing before. Its better to put money in vault rather than paying banks to hold money. This sound like paying bank to guard our money. LOL
It is bad. The rich just buy blocks of flats and leave them empty, or buy mega-expensive art treasures, or gold. The pension funds can't cover their costs, so they invest in crap derivatives, or other high risk financial implements. This hits pensioners and the lower and middle classes. It's part of government policies to transfer wealth into a very few hands.
But the bitcoin is not accepted or known by them,and hasn't been seen as a way to store value yet. Ppl would be struggling to find alternative investment to keep their saving from being rigged.
It's not so shocking. This has been the norm in Japan for the last 20 years. I'm sure they have had negative interest rates already within that period. Negative interest rates will cause corporations who currently hold cash balances to invest in something and help to spur the economy.
While it may spur big corporations into moving the economy, this would likely hurt the ordinary consumers if this continues. Aside from the 0.1% fee that they'll take, the impending inflation that they want to have is bad for stagnant money.
Does this also count for general people or only for large instututions and corporations?
I don't think it is wise to charge people for having some reserves for harsh times, you may see a lot of people run into trouble if they do unwise investments in the future.
I don't think it is wise to charge people for having some reserves for harsh times, you may see a lot of people run into trouble if they do unwise investments in the future.
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