I shit you not!
Big banks have to PAY money if they store it.
They can lend money for FREE.
WHAT THE ACUTAL FUCK?
http://www.theguardian.com/business/live/2016/mar/10/ecb-stimulus-measures-mario-draghi-negative-rates-qe-business-live
>>66878973
George Soros strikes again
>>66878973
We're going to suffer for this, big time
This is going to bite us in the ass big time.
Draghi is even more dangerous than Merkel.
>>66878973
Well, if there was any doubt that the UK would pull out of the EU, that's gone now.
You guys have really fucked yourselves.
>>66878973
Lol the rich who made this occur have ways to protect their wealth, while negative interest rates rape the savings of the little people
Meanwhile they tout the stock market as a success when people try to shift to stocks to avoid savings account rape.
>tfw no euro
>>66878973
This was announced in Japan not long ago as well. The sky didn't fall in there (yet) so I guess Draghis gone full retard. They just keep kicking the can further and further down the road..
http://www.businessinsider.com.au/japan-cuts-interest-rate-below-0-2016-1
I don't understand, please explain.
this is not an uncommon measure what the fuck is wrong with you all you uneducated lards
>>66878973
Dohohohoh here we go
Children of men here we come.
Escape from Europe staring Abdulia Raperybong
Can anyone explain the implications of this to someone who doesn't know much about the structure and processes of banks? How does this effect Germans? How does this effect Europeans in the eurozone? Does this effect us?
>>66878973
So, I can ask my banker for a 0% loan?
>>66879414
Bongland is only part of Shengzen zone isnt it
you wouldnt have your own currancy if you where fully a part of eu.
Hopefully wont affect you bongs your lives are shit enough already.
>>66879288
you are now aware that the swedish krona has a -0.5 interest
minus half a percent
this isnt an evil globalist plot thats going to destroy europe
its a normal fucking thing that states do to boost or dampen the economy
>>66879414
It means money is burning a hole in everyones pockets they want you to spend it because they want to delay the next crash. If you don't spend it, it loses its value quickly.
>>66879330
>>66879414
>>66879336
If it's just at 0% then it has several precedents, namely the US, but if it's below as with Japan then who knows what will happen.
>>66879477
Pretty sure what it means is on your savings accounts you have to pay to keep your 'savings' in there instead of earning interest IF your currancy is Euro's
>>66879336
It will stall the inevitable, more of the same medicine that has had little to no effect is not a good strategy.
Draghi is an incompetent hack.
Only one man plans to do anything about currency devaluation
>>66879569
Everyone will get it's euros out of the bank and store paper money.
what is the point? The banks can't even give back all the money people gave them anyway.
>>66878973
Euro must go. It´s killing Finland
>people pull their money out of banks
>bank run chaos ensues
>suddenly people are carrying more cash and houses are full of tens of thousands of Euros
>muggings and burglary skyrocket
Into the trash you go, Europe.
>>66879414
>>66879330
Banks typically pay interest to people that put money in the bank, and charge interest on loans. Basically banks act as a middle man, lending your money for you and taking a (huge) cut of the intetest.
If they're no longer paying interest, any money you store in the bank will lose value to inflation.
>>66879729
i guess what happened to greece will happen to the rest of the eu
Euro is crashing holy shit
>>>66879799
>>66879824
>>66879749
So glad i didnt move to Eu
Where will this bring the gold?
>>66878973
>Fuck the small people!
t. draghi
Seriously, imagine negative interests on bank accounts. And now with inflation.
Was crashing the banks his plan? He'll start a fucking bank run.
>That’s a big surprise; the rate was previously 0.05%.
>The ECB has also cut the deposit facility rate deeper into negative territory, to minus 0.4% (from minus 0.3%). That means banks are going to be charged more for leaving cash unused in the electronic vaults, rather than lending it to customers.
>And in another big move, the ECB has also boosted its quantitative easing programme by €20bn, to €80bn per month.
>That means it will be buying more assets with newly printed money each month, in an attempt to drive inflation above zero.
Seems okay
>>66880470
>Seriously, imagine negative interests on bank accounts.
Nah, they`ll just plain rob the money as in Cyprus
>>66879241
>>66879315
Wait, guys.
Remember something.
The fuckers recently talked about abolishing the 500€ bill and limiting cash transactions to 5000€ in Germany (meaning that you couldn't buy a car with cash and would need to use bank transactions like a savage), which are both obvious attempts at eliminating cash.
What if this fucker is trying to crash the system and show us WHY we need to keep cash before everyone else manages to abolish cash and make it impossible to avoid the negative interests?
What if this Goldman Sachs kike is trying to be our savior? A jew working for the small guy from inside the system?
>>66878973
Can you invest these lendings into bitcoin?
>>66878973
They're doing it because we have to avoid deflation at all costs.
>>66880651
>talked about abolishing the 500€ bill and limiting cash transactions to 5000€ in Germany
Really?
>>66880797
yep
http://www.sueddeutsche.de/wirtschaft/banknoten-der-euro-schein-soll-weg-aber-wie-1.2866019
>>66880909
I had a feeling. Got me a brand new car and put the rest into gold and silver back in november.
>>66880797
Yes.
Here is a random article on the 500€ bill:
http://www.welt.de/wirtschaft/article152910373/Bundesbank-gegen-Abschaffung-des-500-Euro-Scheins.html
Transaction limit is already incredibly low in other countries, but Germany's love for cash makes us an exception to this degeneracy.
And then there's plans to abolish 1 and 2ct coins, which I'm okay with, but it's basically a two-pronged attack on cash demoninations.
>>66880525
It's not. If the ECB gets its way, inflation will rise which means of course everything gets more expensive for us. Our wages aren't gonna rise with them, they haven't gone up anywhere in years. The value of our currency will fall which will make purchasing foreign goods more expensive.
In addition, our pensions are utterly fucked. They are going lose big time over this, as they have been doing for years now.
Who benefits from this? Corporations and debtors. Not fucking hard to imagine who was behind this.
>>66880651
JEWS EVERYWHERE!
They where also the ones that helped Greece to deceive the EU, look where they are now.
>>66880538
Either way, the banks will lose tons of money.
Oh and the 0% interests aren't the only thing.
There's also the flooding of the market with newly printed money, as well as the entire refugee thing.
For fuck's sake.
Negative interest rates apply to banks, their capital and interbank lending - they don't apply to consumer customers like you. You don't need to buy a safe yet.
You'll probably need to buy a safe in a few years, though, because this measure is like strapping a defibrillator to a mummy's arsehole trying to revive it.
The problem isn't lending; the problem is the system. It's fucked and too skewed in the direction of the mega wealthy and corporations. The reason the economy is in the shit is people don't have any money to spend. Wages are dropping, labour is being undercut by outsourcing and immigration etc. Increasing lending from banks to big companies only means that production will go up but what's the fucking point in increasing production if no-one can afford to buy anything?
Shit's going to hit the fan soon. This is kitchen sink stuff.
>>66878973
we told you bro
>>66881132
I think nothing will happen due to false flags, trojan horses and shit. Look at the SJW hijack of Occupy.
However, once the rich have too much of the money, they'll just create their own fucking countries. That will be the revolution.
Let's see how much automatization will take off. If it happens quickly, we'll get that kind of hijack sooner.
>>66880971
Larry Summers was talking about abolishing cash 2 years ago, what is happening to the euro is happening to the dollar. There is talk of removing $100 from circulation so you can't store large amounts of cash at home.
>>66881132
The problem is Europoors and their socialism.
>>66882448
The problem is capitalism is no longer being run as actual capitalism. It's a fucking racket.
>>66879477
no - your banker can ask the EZB to loan them money with 0% interest - then he will give you a loan with x% interest
>>66882864
Fucking. This.
If we had actual capitalism, all those fucking banks would have imploded in '08, would have had a decade of rebuilding and would be getting back on our feet by now.
Instead the can has been kicked down the road by these fuckers so they can have a comfy retirement
Use a fiat currency goyim, what could go wrong...
>>66879729
Really a useful strategy when they're about to make paper money illegal.
Here's a novel idea - if they want to jumpstart the economy, why not give people money to spend on shit instead of the banks?
>>66879729
>>66879827
>euros out of the bank and store paper money.
and each day banks will take out more and more loans from the EZB with 0% interest ...
what you think your "safe" money will be worth, if banks just get more and more paper money for free?
>>66883165
>give people money
You do realise that just devalues the money right?
>>66879085
I hate this fucking faggot. The OSI is just fucking the western world whenever it can. You have no idea how many "non-profits" supported by "members donations" are actually backed by the OSI or the CIA.
>>66882448
>Le sub-prime rib man
>letting central banks run your economy
Retards, all of you. Kill your leaders, hang the bankers, genocide the useful idiots.
>>66883135
limiting cash exchange to 5000€ is a nice first step
l-lets fight terrorism, right? cause im sure they will abide by some money laws and hit by that real hard ...
im just glad im a NEET and have no money ... actually hooray for debts being able to be paid back with worthless paper soon
>>66883238
In the form of treasury notes.
>>66878973
LET US OUT REEEEEEEE
EUROS REEEEEEEE
>>66883392
You're forgetting about the welfares cuts that are guaranteed to come too.
>>66879515
No we aren't part of Schengen zone either, you still need a passport to get into the UK
>>66879729
They can't. Due to the fractional banking system, there simply isn't enough paper money in circulation to represent the amount in the banks.
Also there's some shit about making paper currency null, but I'm not well read on that.
>>66883616
im sure cutting welfare would send a lot of right extremists over the edge
>they pay for refugees to get homes
>they cut payments for germans in need of welfare
riots, riots everywhere.jpg
im sure they will cut down on middle class spendings first - calling everyone a nazi that doesnt support and pays his part
but we will see a bright future ahead
>>66884198
>sending right extremists over the edge
No. It'll send everyone poor over the edge. How did you think they were going to start this race war?
>>66883878
I hate being in that little grey area. It's like a cage for niggers.
