Chat
12-15-2014, 11:08 PM
Good point, emocmo. We also have "cheating" which is also a profoundly common trend as we approach the end of a fake capitalist market.
Can rates go lower? Yes. A few weeks. ago, can't remember where I read this, but the US is one of the few places left without a negative rate, meaning people have to pay the bank interest for keeping their money for them! Negative interest rates don't necessarily indicate the inevitable collapse of our debt-based, fractional reserve banking ponzi scheme, but when everyone starts doing it, one would be well to assume it's close (the end that is).
Which reminds me....what an absolute joke this constant propaganda that the Fed is going to raise interest rates. When will they do it? June 2015, oops, maybe not until 2016. Folks, as soon as they do raise the rates, the music stops. Jim Willie says the collapse is now, but then again, he's been saying that for years.
Can rates go lower? Yes. A few weeks. ago, can't remember where I read this, but the US is one of the few places left without a negative rate, meaning people have to pay the bank interest for keeping their money for them! Negative interest rates don't necessarily indicate the inevitable collapse of our debt-based, fractional reserve banking ponzi scheme, but when everyone starts doing it, one would be well to assume it's close (the end that is).
Which reminds me....what an absolute joke this constant propaganda that the Fed is going to raise interest rates. When will they do it? June 2015, oops, maybe not until 2016. Folks, as soon as they do raise the rates, the music stops. Jim Willie says the collapse is now, but then again, he's been saying that for years.