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Gregorian

(23,867 posts)

4. Doesn't this already exist elsewhere, like London?

Reply to muriel_volestrangler (Original post)

Fri Jan 29, 2016, 11:07 AM

Jan 2016

Max Keiser has been talking about negative interest rates for the last three years or so.

It's more shifting of wealth from us to the rich. They just take pennies from a few billion accounts. It adds up.

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Bank of Japan shocks markets by adopting negative interest rates [View all] muriel_volestrangler Jan 2016 OP

So, they want everyone to take their money out of the bank? Kelvin Mace Jan 2016 #1

to get the economy moving Randomthought Jan 2016 #2

So, does this affect all accounts Kelvin Mace Jan 2016 #3

just accounts at the central bank belonging to financial institutions muriel_volestrangler Jan 2016 #5

Thanks. Kelvin Mace Jan 2016 #12

Tiered Randomthought Jan 2016 #6

Doesn't this already exist elsewhere, like London? Gregorian Jan 2016 #4

Not, as far as I know, in London, but isnsome other European countries muriel_volestrangler Jan 2016 #7

It's not people - but the banks Thav Jan 2016 #8

I'm wondering though GummyBearz Jan 2016 #9

Banks have so many schemes Thav Jan 2016 #10

There is more to penalize GummyBearz Jan 2016 #11