Topic: Thought I would post some positive news :) U.S. Banks to charge for deposits (Read 1405 times)
June 16, 2014, 03:37:45 AM
I'd rather pay bank fees and have the bank simply sit on my money, than have "free" banking and have the bank reduce the value of my fiat holdings by artificially inflating the money supply by engaging in fractional reserve banking.
June 16, 2014, 01:21:24 AM
Stuff the banks. Convert all your cash to Bitcoins! If every does this at the same time bitcoin will go over the roof the cash out and buy bonds 
June 09, 2014, 08:31:01 PM
I don't think that negative interest rates are viable for the major banks. That will destroy their short term holdings, as people would rather keep money in their hands or in the form of bonds, FD.etc.
People have a way of not behaving in the way central planners think they should. The fed was counting on the use of credit to ramp up the economy after 2008. Americans actually unloaded debt during the aftermath of the meltdown.
It makes sense the best time to lower your debt is when the interest rate is lower since you can attack the principal instead of just paying interest on the payment.
Similar to a mortgage if you only do the minimum payment 80% goes to servicing the interest 20% to the principal on average.
Yes. I paid off all of my own debt at the time as well. Ironically I actually have more material wealth now that I buy with cash than I ever did when I had large lines of credit at my finger tips.
legendary
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June 09, 2014, 05:24:30 PM
I don't think that negative interest rates are viable for the major banks. That will destroy their short term holdings, as people would rather keep money in their hands or in the form of bonds, FD.etc.
People have a way of not behaving in the way central planners think they should. The fed was counting on the use of credit to ramp up the economy after 2008. Americans actually unloaded debt during the aftermath of the meltdown.
It makes sense the best time to lower your debt is when the interest rate is lower since you can attack the principal instead of just paying interest on the payment.
Similar to a mortgage if you only do the minimum payment 80% goes to servicing the interest 20% to the principal on average.
June 08, 2014, 06:21:57 AM
I don't think that negative interest rates are viable for the major banks. That will destroy their short term holdings, as people would rather keep money in their hands or in the form of bonds, FD.etc.
No , they won't
An ""experiment" already happened in Denmark and nothing really happened , no disaster but also no real recovery:
Quote
In July 2012, the National Bank of Denmark imposed a negative rate of minus 0.2 percent on bank deposits stored at the central bank.
Contrary to some fears, the move did not create chaos in financial markets or cause bank computers to crash as they struggled to process data for which they were never programmed. The Danish central bank issued plenty of warnings that a negative rate was on the way, giving banks time to prepare. The E.C.B. has sent its own signals that it intends to make such move.
“Zero is just a number,” Mr. Rasmussen said. “The world goes on.”
Contrary to some fears, the move did not create chaos in financial markets or cause bank computers to crash as they struggled to process data for which they were never programmed. The Danish central bank issued plenty of warnings that a negative rate was on the way, giving banks time to prepare. The E.C.B. has sent its own signals that it intends to make such move.
“Zero is just a number,” Mr. Rasmussen said. “The world goes on.”
http://www.nytimes.com/2014/06/04/business/international/european-central-bank-chief-looks-for-silver-bullet.html?src=rechp
June 07, 2014, 09:39:51 PM
I don't think that negative interest rates are viable for the major banks. That will destroy their short term holdings, as people would rather keep money in their hands or in the form of bonds, FD.etc.
People have a way of not behaving in the way central planners think they should. The fed was counting on the use of credit to ramp up the economy after 2008. Americans actually unloaded debt during the aftermath of the meltdown.
June 07, 2014, 09:36:37 PM
I don't think that negative interest rates are viable for the major banks. That will destroy their short term holdings, as people would rather keep money in their hands or in the form of bonds, FD.etc.
June 07, 2014, 09:30:07 PM
Infowars stuff aside this is all ready happening. The poor in the US all ready pay a premium for access to the banking system. It is just a matter of time until the rest of us have the same issue.
June 07, 2014, 07:33:32 PM
I also must say you are the most begging mofo I have ever seen in my life on youtube....
June 07, 2014, 06:46:04 PM
BTW those names are you it took me a couple of minutes of digging to link your posts here with the games you play to the game accounts you have. So you might want to be a little bit more careful when saying things like that.
And your really slow for this one google that shit 14WdFc3z2yMGuaf4bDVJLSuW6v2g6sgr3w
Lets see what all accounts it come up with..... Mr. Gray
And your really slow for this one google that shit 14WdFc3z2yMGuaf4bDVJLSuW6v2g6sgr3w
Lets see what all accounts it come up with..... Mr. Gray
June 07, 2014, 06:45:11 PM
Hence why I call you a fool for quoting a NYTIMES article and claiming it is "better than an infowars article". One article may express the details and the terms better, but Alex Jones overall for the most part is spot on with a lot of the things he says/reports on. You might not like how it is done but he isn't exactly someone who is always lying. Sorry you can't strip away the emotion? Idk what to say really.
And I call you a ****** on this....
The article on the nytimes was the base for his claims , he even copy pasted a paragraph.
“Banks will most likely pass these negative interest rates on to consumers, or at least try to. They may try to do so not by explicitly charging a negative interest rate, but by paying no interest and charging a fee for account maintenance,” he writes.
He quoted the first paragraph but he purposely let the other slide in order to spread fud.
"On the other hand, if the interest rate is only slightly negative, banks may just eat the loss in order to avoid alienating customers. If they do that, however, it will cut into bank profitability."
It like saying " 30 victims in car crash" omitting "none of them received serious injuries"
Besides you have already seen what other people on this board think about the fudwars blog...
June 07, 2014, 06:38:41 PM
Chase bank has a zero percent interest rate in the savings account, well almost zero.
So in my opinion there is a precedent in the US for this
If You Put $250 in a Chase "Savings Account," You'll Get 12.5 Cents in Yearly Interest -- And Maybe Charged $4 a Month
http://www.truth-out.org/buzzflash/commentary/if-you-put-250-in-a-chase-savings-account-you-ll-get-2-5-cents-in-yearly-interest-and-maybe-charged-4-a-month/18083-if-you-put-250-in-a-chase-savings-account-you-ll-get-2-5-cents-in-yearly-interest-and-maybe-charged-4-a-month
Or to compare rates with other banks
http://www.savingsaccounts.com/bank-review/chase-online-banking
So in my opinion there is a precedent in the US for this
If You Put $250 in a Chase "Savings Account," You'll Get 12.5 Cents in Yearly Interest -- And Maybe Charged $4 a Month
http://www.truth-out.org/buzzflash/commentary/if-you-put-250-in-a-chase-savings-account-you-ll-get-2-5-cents-in-yearly-interest-and-maybe-charged-4-a-month/18083-if-you-put-250-in-a-chase-savings-account-you-ll-get-2-5-cents-in-yearly-interest-and-maybe-charged-4-a-month
Or to compare rates with other banks
http://www.savingsaccounts.com/bank-review/chase-online-banking
June 07, 2014, 06:33:41 PM
Wow cause I said alex jones eats paint chips I am a scam lol
Go back to watching that mush you tardo.
Go back to watching that mush you tardo.
June 07, 2014, 06:29:49 PM
Alex Jones ate paint chips a kid plain and simple. He is nothing more the a fear monger, that takes a fact adds his spin on it and spreads it as the truth.
Says the scammer who is trying to get people to pay him for "information on other people". And before you Google my name on here, it is tied to a bunch of other things, but I am not that actual person, I usually choose other peoples screen names/similar emails
Good luck.
June 07, 2014, 06:25:32 PM
Alex Jones ate paint chips a kid plain and simple. He is nothing more the a fear monger, that takes a fact adds his spin on it and spreads it as the truth.
June 07, 2014, 06:19:27 PM
Again infowars and their fud?
What are we discussing next , the showbiz section of dailymail ?
What are we discussing next , the showbiz section of dailymail ?
Just curious, do you actually know anything? If you paid any attention to the developments in taxes, stocks, and banking in general you would understand what is happening in the United States.
You seem like the type of person who is actually so dumb they can't create an account, so I have to wonder, did someone type this for you on their account?
Just REALLY curious is all.
I let it be known my extreme distaste for fools, especially when I have knowledge on the exact topic being discussed. It seems you like to come in and bomb random threads and just say negative things which is your right, but it is also my right to call you a fool for spreading bs. The majority of people I talk to about these types of things couldn't tell you anything about it, but for you to claim it is "fucked up disinformation" let me see you prove me wrong. It is extremely crystal clear that banking is charging fees and giving .1% interest on monies in an account in the U.S.
So you basically just came here to make yourself look stupid then? I didn't think a Sr. member would be all about making a fool of themselves, but to each his/her own.
You know what blog you're quoting there?
If there are more than 10 members here that daily read that blog and who actually believe a word that is written there I really think it's a good time to say by to this community.
You're quoting a propaganda blog , known for twisting fact , publishing fud and lies repeatedly.
Also , I would really love to see you editing your post.
Personal insults? Don't you have a value argument that you need to resort to this ?
That guy accuses everything tat is happening in this world of being a nsa or cia conspiracy.
http://www.dailypaul.com/133480/fake-photo-deleted-from-infowars-no-apology-or-explanation-given-where-are-the-ethics
Or another example of infowars propaganda:
http://www.infowars.com/breaking-us-army-trains-for-martial-law-in-us/
Oh really
Rather than reading infowars where it chops only the parts he like from the news read the original:
http://www.nytimes.com/2014/06/05/upshot/europe-likely-to-get-negative-interest-rates-what-does-that-even-mean.html?_r=0
You see that it happened before and .. nobody rushed to buy the forks , not even bothered to withdraw their money
.Or do you really enjoy spreading fud ?
I have listened to many radio/talk shows and watched many a news program. Alex Jones plays to a certain type of person and has a certain type of genre, it doesn't mean that everything he says or reports is wrong. That is your fallacy.
I wouldn't make a bold sweeping statement saying that everything the Democrat biased media reports is false, although they certainly have their own way of twisting things. Give me a break, there IS NO MEDIA OUTLET YOU CAN GO TO THAT DOES NOT HAVE A BIAS.
Hence why I call you a fool for quoting a NYTIMES article and claiming it is "better than an infowars article". One article may express the details and the terms better, but Alex Jones overall for the most part is spot on with a lot of the things he says/reports on. You might not like how it is done but he isn't exactly someone who is always lying. Sorry you can't strip away the emotion? Idk what to say really.
June 07, 2014, 04:52:36 PM
I have to agree that infowars has a record for over-sensationalizing things just to drive mania. However, they're usually on to things before they come to pass but they are in the fear mongering business and sell survival type stuff. Their chief, Alex Jones, has a radio show that you can tune into if you want a wild ride.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
June 07, 2014, 04:52:08 PM
Well I guess that means people will need to start supporting the economy at least that's what the banking system thinks.
On the other hand I see this as an opportunity that Bitcoin can use to get people to start creating industries around it
Anyways believe the EU is doing it if the US does it is a different question as niothor pointed out
On the other hand I see this as an opportunity that Bitcoin can use to get people to start creating industries around it
Anyways believe the EU is doing it if the US does it is a different question as niothor pointed out
June 07, 2014, 03:52:23 PM
Again infowars and their fud?
What are we discussing next , the showbiz section of dailymail ?
What are we discussing next , the showbiz section of dailymail ?
Just curious, do you actually know anything? If you paid any attention to the developments in taxes, stocks, and banking in general you would understand what is happening in the United States.
You seem like the type of person who is actually so dumb they can't create an account, so I have to wonder, did someone type this for you on their account?
Just REALLY curious is all.
I let it be known my extreme distaste for fools, especially when I have knowledge on the exact topic being discussed. It seems you like to come in and bomb random threads and just say negative things which is your right, but it is also my right to call you a fool for spreading bs. The majority of people I talk to about these types of things couldn't tell you anything about it, but for you to claim it is "fucked up disinformation" let me see you prove me wrong. It is extremely crystal clear that banking is charging fees and giving .1% interest on monies in an account in the U.S.
So you basically just came here to make yourself look stupid then? I didn't think a Sr. member would be all about making a fool of themselves, but to each his/her own.
You know what blog you're quoting there?
If there are more than 10 members here that daily read that blog and who actually believe a word that is written there I really think it's a good time to say by to this community.
You're quoting a propaganda blog , known for twisting fact , publishing fud and lies repeatedly.
Also , I would really love to see you editing your post.
Personal insults? Don't you have a value argument that you need to resort to this ?
That guy accuses everything tat is happening in this world of being a nsa or cia conspiracy.
http://www.dailypaul.com/133480/fake-photo-deleted-from-infowars-no-apology-or-explanation-given-where-are-the-ethics
Or another example of infowars propaganda:
http://www.infowars.com/breaking-us-army-trains-for-martial-law-in-us/
Oh really
Rather than reading infowars where it chops only the parts he like from the news read the original:
http://www.nytimes.com/2014/06/05/upshot/europe-likely-to-get-negative-interest-rates-what-does-that-even-mean.html?_r=0
You see that it happened before and .. nobody rushed to buy the forks , not even bothered to withdraw their money
.Or do you really enjoy spreading fud ?
June 07, 2014, 03:40:35 PM
Moral of the story? Ask your employer to pay you in your cryptocurrency of choice. It'll be cheaper for you and they'll get a +1 for supporting the currency of the future.
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