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Post Info TOPIC: Negative interest rate loans for all!


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Negative interest rate loans for all!


Me at bank drive-thru : Are you offering negative interest rate loans?

Bank teller: Eh, lol, no - sir.. (background laughter)

Me: Well, my buddy here says you should!

 

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Lol, did you really do this in a bank drive thru?

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I want to so badly, then put it on YouTube! LOL



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I would subscribe to your channel :)

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FAR BEYOND DRIVEN

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Try this, sounds fun!

Sking once a buddy lost his hat so he bought a giant bear head one, cover your whole head just face sticking out. I had it on once in a drive thru, the workers were laughing, buddy and I hysterical, and drunk. Laughing so hard we could not order and just drove off. :)

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Put the hat on your boy!

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haslefree wrote:

Put the hat on your boy!


 It would scare the little boy! He's near 16 now, healthy little guy but wearin out. I miss my other little man, been 13 months. He visits, leaves unmistakeble sign he was here.



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I sure could go for a negative interest rate loan! 

Heck, if the Government would pay me to borrow money I could take over the entire banking industry with my low rate loans! 

The government pays me to borrow it, then I loan it out to other people at 3.99-36% interest (score and loan type depending). 

That sounds like a GRRRRRRRREAT IDEA! Where can I sign up!?



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This is all about timing! Timing is EVERYTHING! 

Our branches of Government need to work together in this global economy to win for the American people - regardless their political party!

If Trump was to declare a national emergency and BAN everything coming in from China - and if the Federal Reserve made interest rates negative at just the right time, it just might work!

The negative interest rates would allow everyone to refinance at better rates, and with China blocked out of the game Americans would open factories and start making the things we have relied on them for over the past few decades! Meanwhile China would flounder and even if they did sell the Treasuries it wouldn't matter much because interest rates would be negative! 

Perhaps this is what Trump meant my negative interest rates, but the Fed has to be on-board. You would think these people have lines of communication and are working together for the good of the nation... 



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It would seem this "negative interest" rate theme is getting some traction in the media,

https://www.yahoo.com/finance/news/americans-are-trying-to-get-denmarks-negative-mortgages-143832101.html

Currently in Denmark you can buy a home at a negative interest rate! This is causing some Americans to even inquire about buying a home there - if only from an investment standpoint.

I can't argue with the fact that a negative interest rate mortgage does sound appealing to me! LOL, you would have to be crazy not to! 

But how does it all work? Is this just a way for the world to get more money out there? What is the catch!? Has to be a catch!



-- Edited by SELLC on Thursday 12th of September 2019 03:10:19 PM

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I'm sure there is a catch. Like variable rate, something. Hook you then gaff you.

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Maybe instead of non-existent money expansion, they're initiating a non-existent monetary contraction.

This would increase the value of each dollar in circulation, without recession. This means the Federal Reserve won't have to print any money.

But any bank-note with "this note is legal tender" printed on it is indebted to the Federal Reserve anyhow, & it will always have interest that needs to be paid on it.

Gov't bonds are sold for the money at both debt, & with interest to be paid.

So the real question is IMO, what are Gov't bonds exactly ?...And how can Mr.Trumpdt affect them ?

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Here you go, one for the memory...


"The New Deal"...

I INTRODUCTION

New Deal, name given to the peacetime domestic programme of United States president Franklin D. Roosevelt, and especially to the innovative measures taken between 1933 and 1938 to counteract the effects of the Great Depression.

Both Roosevelt and the US Congress, in trying to reduce unemployment and restore prosperity, endorsed a wide spectrum of new federal programmes and agencies, most popularly identified by alphabetical titles. Roosevelt, a skilful political leader, helped win support for an unprecedented array of new services, regulations, and subsidies. Yet no single political philosophy or set of coherent goals ever unified these disparate programmes, most of which he developed with the aid of the so-called Brain Trust. This informal group from outside government included professors, lawyers, and others who came to Washington to advise Roosevelt, in particular on economic affairs.

II EARLY LEGISLATION

Roosevelt's overwhelming victory in the 1932 election, coupled with the urgency of the worst economic collapse in US history, opened the way for a flood of legislation in 1933. The Emergency Banking Act provided for federal bank inspections, thus helping restore popular confidence in the wake of widespread bank failures. A second act set much more stringent rules for banks and provided insurance for depositors through a Federal Deposit Insurance Corporation. Two acts, one in 1933 and one in 1934, mandated detailed regulations for the securities market, enforced by a new Securities and Exchange Commission, or SEC. Several bills addressed the question of housing by providing mortgage relief for farmers and homeowners and offering loan guarantees for home purchasers through the Federal Housing Administration, or FHA. A Federal Emergency Relief Administration expanded existing relief grants to the states, and a Civilian Conservation Corps, or CCC, provided work relief for young men under a type of military discipline. Congress established a Tennessee Valley Authority, or TVA, to develop the Tennessee River in the interest of navigation and flood control and to provide electric power to a wide area of the south-eastern United States.

The most important legislation of 1933 involved the major economic sectors. As a climax to a decade of wrangling, Congress in 1933 enacted a complex new farm bill, the Agricultural Adjustment Act. It provided several mechanisms to help raise agricultural prices, but the one most extensively used involved contractual reductions of surplus crops in return for government payments. The National Industrial Recovery Act, or NIRA, was the most innovative early New Deal measure. It provided for two major recovery programmesa vastly expanded public works effort, carried out by a Public Works Administration, and a complex programme to regulate American business and ensure fair competition. A National Recovery Administration (NRA) approved and enforced a set of competitive codes for each industry.

III THE SECOND NEW DEAL

The hopes of 1933 for early recovery proved illusory. Many of the hastily drafted early bills were declared unconstitutional by the US Supreme Court. These reverses, plus increasing political opposition to Roosevelt, triggered a second flood of legislation, beginning in 1935, which some observers called the Second New Deal. Roosevelt now exploited developing class divisions, formed closer alliances with organized labour, and increasingly castigated the big-business groups that opposed his New Deal programmes. Among the new measures were higher taxes for the rich, strict regulations for private utilities, subsidies for a Rural Electrification Administration, and what amounted to a bill of rights for organized labour. The National Labor Relations Act of 1935 gave federal protection to the bargaining process and established a set of fair employment standards. The federal Fair Labor Standards Act of 1938 mandated maximum hours and minimum wages for most categories of workers.

By 1935, several Roosevelt advisers welcomed massive new federal expenditures to induce more private demand, even at the price of budget deficits. A huge relief appropriation of almost $5 billion reinvigorated several programmes and funded a new federalized work relief programme administered by the Works Progress Administration (WPA). Perhaps of greatest enduring significance, Congress in 1935 enacted the Social Security Act, which contained three major programmesa retirement fund, unemployment insurance, and welfare grants for local distribution (including aid for dependent children). These programmes, coupled with a new subsidized public housing programme, began in the United States what some now refer to as a welfare state.

The pressures for new legislation abated after 1937, and opposition to extending the New Deal mounted rapidly, especially in the South. By 1939 public attention focused increasingly on foreign policy and national defence. The New Deal was over, but it had permanently expanded the role of the federal government, particularly in economic regulation, resource development, and income maintenance. Although in itself it failed to stimulate full economic recovery, it provided the federal government not only with increased controls over money supply and Federal Reserve policies but also with increased understanding of the economic consequences of its own taxing, borrowing, and spendingthus helping it to limit the impact of later recessions. In addition, the New Deal coalition, centred in the Democratic party, dominated the electorate and the nation for years thereafter.

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I don't think anyone in this forum was alive pre- 1933!

So obviously it might be time for something new! Times are a changing!

Getting even MORE traction with regards to negative interest rates! In fact, I am seeing a lot of the exact same things said by Trump as I posted in these negative interest rate threads!

Banks refinancing and the entire nation re-struturing seems to be a catchy narrative.

Just know you heard it here first. LOL



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But that is some juicy and relevant history Rastus! Very interesting indeed!



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