AN EXPLANATION OF THE FACTIONS  
 

[ DONATE TO RMN ] [ View Thread ] [ Archive Search Page ] [ RMN Reading Room ] [ CGI Media News Room ] [ SUBSCRIBE TO RMN ]

RMN is Reader Supported

Our Goal for
MAR 6 - APR 5:
$1,500

Powered by FundRazr

Click Widget
or Click Here to contribute.

Checks & Money Orders:

Raye Allan Smith
P.O. Box 95
Ashtabula, OH 44005


Users Online:
90

Who Founded RMNews?


Dewitt Jones' Video
"Celebrate What's Right
With The World"


"When the
Starships Fly!"

Listen at YouTube


The Theme for The Obergon Chronicles

Listen at YouTube


The Obergon Chronicles ebook


RUMOR MILL
NEWS RADIO


CGI ROOM
Common Ground
Independent Media


WHAT ARE
THE FACTIONS?


THE AMAZING
RAYELAN ALLAN


BIORHYTHMS

LOTTO PICKS

OTHER WAYS TO DONATE





RUMOR MILL NEWS AGENTS WHO'VE BEEN INTERVIEWED ON RUMOR MILL NEWS RADIO

______________

NOVEMBER 2008

Kevin Courtois - Kcbjedi
______________

Dr Robin Falkov

______________

Melinda Pillsbury Hr1

Melinda Pillsbury Hr2

______________

Daneen Peterson

______________

Daneen Peterson

______________

Disclosure Hr1

Disclosure Hr2
______________

Scribe
______________

in_PHI_nitti
______________

Jasmine Hr1
Jasmine Hr2
______________

Tom Chittum Hr1
Tom Chittum Hr2
______________

Kevin Courtois
______________

Dr Syberlux
______________

Gary Larrabee Hr1
Gary Larrabee Hr2
______________

Kevin Courtois
______________

Pravdaseeker Hr1
Pravdaseeker Hr2
______________

DECEMBER 2008

Tom Chittum
______________

Crystal River
______________

Stewart Swerdlow Hr1
Stewart Swerdlow Hr2
______________

Janet Swerdlow Hr1
Janet Swerdlow Hr2
______________

Dr. Robin Falkov Hr1
Dr. Robin Falkov Hr2
Dr. Robin Falkov Hr3

JANUARY 2009 ______________

Patriotlad
______________

Patriotlad
______________

Crystal River
______________

Patriotlad
______________

Dr. Robin Falcov
______________

Patriotlad

FEBRUARY 2009

Find UFOs, The Apocalypse, New World Order, Political Analysis,
Alternative Health, Armageddon, Conspiracies, Prophecies, Spirituality,
Home Schooling, Home Mortgages and more, in:

Rumor Mill News Reading Room, Current Archive

Will Negative Interest Rates Be the Last Straw?

Posted By: RumorMail
Date: Saturday, 9-Jan-2021 07:27:39
www.rumormill.news/137724

In Response To: All I Want for Christmas Is an Unmanipulated Market (RumorMail)

By Clint Siegner

Zero Interest Rate Policy (ZIRP) was considered “extraordinary” when central bankers rolled that out roughly ten years ago. At that time, people would still have laughed at the idea of negative interest rates. Lenders didn’t pay borrowers and nobody paid their bank to hold their deposits.

So much has changed in the past 10 years. Now negative interest rate policies (NIRP) look set to go viral.

German banks will soon start toeing the European Central Bank line and pass negative rates on to depositors there. Germans who endured zero interest rates and somehow still want a savings account will now have to pay for the “privilege.”

The idea is preposterous, and it is perverse.

People build wealth and hold on to their liberty when there are incentives to save and invest. In just 10 short years, central bankers put an end to those incentives and implemented rewards for consumption, borrowing and spending instead.

Formerly responsible nations, including Germany and the U.S., are accelerating down the road to ruin with debt exploding at all levels. Banking, finance, and government represent an ever-larger share of the economy. And record numbers of people depend on public assistance.

Of course, negative interest rates are but one example of the “contributions” bankers have made to society in recent years.

Measured in terms of societal and economic transformation, Wall Street appears to have “won” the last decade. All their investment in political campaigns and relationship building with DC regulators really paid off.

Guilty parties avoided prison for pervasive mortgage and derivatives fraud and even got politicians to socialize the losses via bailouts. More recently they have been amassing extraordinary private gains via high frequency trading, rampant market rigging, and access to unlimited Fed cash.

But the largest achievement has to be getting carte blanche to centrally plan the world’s largest economies.

The world can ill-afford to let these people “win” another decade.

There are at least some signs that people are getting fed up. The recent election in the UK put Brexit back on track. The German people have been voting more for change. Perhaps they will tell bankers where they can stick negative interest rates.

Americans who are paying attention are alarmed by the Fed’s repo market bailouts and “not QE” stimulus program. When the next bubble pops, it will be hard for politicians and Wall Street to sell “print money and hand it to the bankers” as the solution once again.

Clint Siegner is a Director at Money Metals Exchange, a precious metals dealer recently named “Best in the USA” by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals’ brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.

Read More



RMN is an RA production.

Articles In This Thread

All I Want for Christmas Is an Unmanipulated Market
RumorMail -- Saturday, 9-Jan-2021 07:27:39
Will Negative Interest Rates Be the Last Straw?
RumorMail -- Saturday, 9-Jan-2021 07:27:39
Cryptocurrency Act of 2020 Hits U.S. Congress — Big Tech vs The Bankers!!
RumorMail -- Saturday, 9-Jan-2021 07:27:39
Reader: The cabal wants crypto currencies to dominate, Lynda. It fits right in with globalism!
RumorMail -- Saturday, 9-Jan-2021 07:27:39

The only pay your RMN moderators receive
comes from ads.
If you're using an ad blocker, please consider putting RMN in
your ad blocker's whitelist.


Serving Truth and Freedom
Worldwide since 1996
 
Politically Incorrect News
Stranger than Fiction
Usually True!


Powered
by FundRazr
Click Widget
or Click Here to contribute.


Organic Sulfur 4 Health

^


AGENTS WEBPAGES

Provided free to RMN Agents

Organic Sulfur 4 Health

^


AGENTS WEBPAGES

Provided free to RMN Agents



[ DONATE TO RMN ] [ View Thread ] [ Archive Search Page ] [ RMN Reading Room ] [ CGI Media News Room ] [ SUBSCRIBE TO RMN ]

Rumor Mill News Reading Room, Current Archive is maintained by Forum Admin with WebBBS 5.12.

If you can't find what you're looking
for using our RMN search, try the DuckDuckGo search below:


AN EXPLANATION OF THE FACTIONS