So Negative interest rates are next will run on Cash happen!

[SASKFARMER3]

So the next step in this banking shit show that started in 2008 and continues will target the last safe haven. Deposits. Ah how they told every one to save save save. Trust us we know better bull shit.
Well if interest rate is negative 1 you owe the bank on a Million ten thousand every year. So now you have 990,000.00 and so on and so on.
So besides buying hard assets like real-estate or farm land what will the average Joe do.
Yep safe sales in some countries is actually going up. Grampa had money under the mattress but that wont work in 2016.
But governments want your savings so they will make big bills vanish. Ah its happening isn't it.
So what is a person suppose to do.
I have always believed the day I sell is the day the Government will come out with a tax on savings or death tax or just confiscate your bank account.
But really how bad is the Banking system world wide. How much have we peasants not been told.
Where is the future a John Deere safe ( Ha HA part of the club you get one free with every 10 tractors) or is it back to under the mattress.
How confident are others with our Banking system or world banking system or really the news we get every day.
Happy Sunday! Leo might get a Oscar and some one tell him its a Chinook when the snow melts in Feb. suddenly.

[iceman]

How does selling out avoid the issue?

Most banks will only allow you to pull 50k of cash out at a time. So even if you pull a mill of working capital out that's 20 trips. Than what? I'm pretty sure people will be calling you about that.

With a corp farm that cash is on the balance sheet now so if it goes to straight cash doesn't it still remain of the books? If they want it they can still get it.

I'm all for filled a gun safe full of loot but I fail to see how moving large amounts is possible.

Personally I can see them going to negative rates here but I can't see corp income tax going from 12 to 20%

Ice Out

[jensend]

don't forget the next step after negative interest rates is to disallow cash transactions. that's the only way negative interest rates can mandate the bail in. all transactions will have to be electronic. that way they have total control of your money and will take it at the rate that suits them.

[TOM4CWB]

The most secure Bank anywhere... is the Alberta Treasury Branches. 100 percent backed by the AB Gov... which is one of the most stable financially anywhere.

Cash is useless... especially CDN cash. the $US is much better in the financial system as it is the base currency. Can't get it across borders over $10K... legally.

[cottonpicken]

If I remember right about 7 trillion in the world is at a negative rate out of 200 trillion bond market(that's all ballpark 200 is very shy of the mark)

God help me I never thought it would overshoot this bad over a decade ago

I guess people don't like thinking"we are ****ed"

[farmaholic]

Will a NIRP actually filter down to private savers? That isn't known yet. Will all banks pass on a quarter point negative interest rate imposed on them? There are margins between prime and lending rates.... will they absorb a small move into negative territory?

Does everyone suffer the same fate if it happens. Do Savers with barely enough to get by on pay the same as those with more than adequate supplies of money on deposit. How can you discriminate?

So you unload the bank account and pay off the Kids' mortgages. ...then that bubble pops and housing collapses. Interesting times...beyond my ability to out-guess and out-manouver.

Has anyone done anything different?

[checking]

Most banks will only allow you to pull 50k of cash out at a time. Ice - that's nonsense. You need to change your bank.

[iceman]

If we go deflationary like the Weimar Republic anything but cash will be good. Bin builders should excel in that environment with all the grain hording. Why sell it when you don't know what it will buy in 6 months.

If we get to that point the brick countries will be a raging inferno and they won't be buying any of are shit. No lentils no peas no caniowa no wheat no durum no butter just guns

Although most civilizations go through periods of wealth transfers from the wealth to the poor. Maybe this is what will happen

Ice out

[iceman]

Most banks will only allow you to pull 50k of cash out at a time. Ice - that's nonsense. You need to change your bank.

I'm all ears show me the way bud

Ice out

[SASKFARMER3]

Tom really you think Alberta Treasury is safe in the big big world backed by Alberta.
AH those glasses are falling off again

[BFW]

I think the only thing safe in Alberta right now are union jobs and contracts and even those could come under a little pressure if things don't improve

[sumdumguy]

I guess we better hurry up and spend it all before runaway inflation sets in. Island hopping in Greece first escapade. The hell with making money. See you there. If its so easy for them to snatch your life savings, nothing is safe.

[farmaholic]

http://www.theglobeandmail.com/report-on-business/economy/what-are-negative-interest-rates-and-how-do-they-work/article27669897/?service=mobile.

Let's see what the banks do if they get charged a negative interest rate by the "Central Banks". What the peoples' banks do with it will be interesting. By the sounds of it, I dont know if it matters as much that we have deposits but what the banks are doing with theirs on deposit with Central Banks.

Am I seeing this right? I'm not saying personal savers won't be affected. But...

[SASKFARMER3]

Ah Greece what a interesting country. Lots to see and do best time to go is summer when its 46 above. Ah hid behind the pillars of the Parthenon.
But one thing I learned fast is they only wanted to work a few months then off to the holiday or back to the olive farm or country side.
Now my favorite place was Turkey. Yes that place but wow were the vendors tough. They made Mexicans seem like a push over. Never let your wife go into a store by her self.
Been back twice probably wont go again but was very interesting.
Now back to thread.
Cash Safe mattress shovel compass x marks the spot. Water tight container because as you all know were wet.
My original topic is are we getting the full story or are we just months away from a real shit show.
I called oil, lets hope I'm wrong with this.

[farmaholic]

Right now I'm glad I have farmland that makes up the bulk of my wealth. Grain. Stuff with intrinsic value. Would be neat to have some gold...just to say I have some, really though, hard to barter/exchange something without "daily necessity" value.

What percent of the world population would be having this conversation?