[–] 20357765? 1 point 0 points 1 point (+1|-1) ago
So let’s say we go to negative interest rates. How many people would the. Close their savings accounts at their bank? I know I would. Not a chance in hell I’m paying the bankers to hold my money, loan it out and profit from it.
Alternatives are: cash under your mattress; invest everything in the market; park money in another store of value (gold, crypto, etc). None of these sound appealing for a stable place to store money to pay monthly bills.
[–] 20363762? 0 points 1 point 1 point (+1|-0) ago
These are the interest rates for the fed to the government for the job of printing our money. It has nothing to do with the bank you use and what they offer for savings accounts. You give your money to then and they can loan out 10x the money you gave them. Fractional reserve banking is still in the works
[–] 20357691? 0 points 5 points 5 points (+5|-0) ago
The people that reply to Trump tweets negatively are major idiots.
[–] 20359245? ago
Or bots. I pulled this one at random https://mobile.twitter.com/burrloin