IMF goes full retard

Discussion in 'Markets & Economies' started by willrocks, Apr 22, 2019.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

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    Looks like they've given up.

    https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/
     
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  2. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    This article raises the question, in a cashless economy would neg interest rates just be another tax you could not avoid?

    In this situation, would there be a flight from cash to other investments such a PM's to avoid the neg interest period. If yes, then the total neg interest tax tax would reduce in theory, retail / commercial spending would not be stimulated at expected by spending rather than saving.

    In short IMO, going fully cashless is an open invitation to a govt to tax via neg interest rates, confiscate, restrict or deny use of one's savings.

    One does not trust the IMF......they'd love to see their SDR's become the reserve currency of the world or even the global currency itself.
     
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  3. Silver260

    Silver260 Well-Known Member Silver Stacker

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    That is one of the most frightening things I have ever read.....

    Yet the Sheeple will all shrug.... and say "So what? “.....
     
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  4. pmbug

    pmbug Active Member

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  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The sheeple don’t have much savings in the first place so I think it’s going to go beyond just negative interest rates. They will have to print money to pay for pension and welfare Venezuelan style.
     
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  6. Pirocco

    Pirocco Well-Known Member

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    A -5% intrest rate on bank deposits during a term where prices drop 5% is the same as a +5% intrest rate on deposits during a term where prices increase 5%. They both are a break even - after that term one can purchase the same as at its beginning.
    The problem that the central planning thieves club has with cash is that it in the first example it is easy to evade the -5% intrest rate and gain 5% purchasing power by holding the deposit in some by State uncontrolled place (alike a wallet, a home safe, a pillow and whatever).
    In the second example doing that by itself means a 5% loss - State doesn't have to do a thing.
     
  7. sodl

    sodl Active Member

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    Welcome to the NEW WORLD ORDER !!!
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    They have already sorted this problem - by abolishing cash and coins so you'll have to use either your mobile phone or card to pay everything. This is already technically achieveable. You can still hoard silver, but there's only 17 billion ounces of silver in the world, and this number includes what's in the ground.
     
  9. JOHNLGALT

    JOHNLGALT Well-Known Member

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    sgbuyer, I don't know where you picked that number from it is way off target.
    REASON FOR 1 TO 1 RATIO_REAL NUMBERS.jpg
     
  10. sodl

    sodl Active Member

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    or you will get a compulsory small chip in your hand ..... it has been happening in many countries for some years now ... Sweeden is probably the best example.....
     
  11. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Some commenters on here need to get an edumication on what is happening 'IN THE REAL WORLD'. Get away from the 'FAKE NEWS' websites & get your information from sites like Zero Hedge. 'THEY' track everything you do & everywhere you go. Do you have 'REAL MONEY' (gold & silver) outside the digital banking system, so you are not reliant on 'THEIR' digital currency when you need to buy something to keep your family from starving?
    https://www.zerohedge.com/news/2019...ail-stores-now-track-where-you-shop-and-sleep
     
    Last edited: Apr 28, 2019
  12. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    IMF = Satanists
     
  13. Gullintanni

    Gullintanni Well-Known Member

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    This is so factually wrong i do not know where to start.
    I would think you could throw at least 2 extra zeros on that 500 moz to make it a bit more realistic.
    this is not an attack , i just simply do not believe the 500 moz number and a quick google search has made me even more dubious.
    I tend to think if a site gets SOME FACTS WRONG then everything they say needs a more critical eye.
     

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