Page 7 of 9 FirstFirst ... 56789 LastLast
Results 61 to 70 of 85

Thread: European Central Bank adopts negative interest rates

  1. #61
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 05:59 PM
    Gender
    Lean
    Conservative
    Posts
    26,332

    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Mr.Nick View Post
    It would also create segregated economies that use gold and silver instead of US dollars...

    Our US dollars would be backed by nothing (not that they are presently).
    With the exception of the gold and silver segregated economies are starting to pick up steam as well as underground economies.

  2. #62
    Light△Bender

    grip's Avatar
    Join Date
    Dec 2011
    Location
    ☚ ☛
    Last Seen
    12-13-17 @ 02:42 AM
    Gender
    Lean
    Moderate
    Posts
    17,224
    Blog Entries
    2

    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Mr.Nick View Post
    Yeah, eliminate profit and interest - sounds like a pseudo-Marxist plan to me....

    What happens when you run out of wealth?

    Quote Originally Posted by Fenton View Post
    Marxist crap.

    Its been debunked time and time again.

    Is that the only way you guys can see things, from one extreme to the other?

    I don't think there's a better financial model that's ever been used than America's, but it can always use some evolving and guidance.
    Einstein, "science without religion is lame, religion without science is blind."

  3. #63
    Banned
    Join Date
    Apr 2013
    Last Seen
    05-04-15 @ 04:39 PM
    Lean
    Very Liberal
    Posts
    2,422

    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by PoS View Post
    Duh, thats what Keynes advocated in the first place.


    What most of the EU is doing isnt really austerity.

    Austerity In Europe: It Will Work If It's Ever Tried - Forbes
    Yeah, Keynes NEVER said anything about paying off debt in good times *shaking head*


    Austerity (less spending how ever you measure it) NEVER has worked in ANY downturns in modern society's! You austerity freaks just say hey, you just haven't starved enough yet..

  4. #64
    Banned
    Join Date
    Apr 2013
    Last Seen
    05-04-15 @ 04:39 PM
    Lean
    Very Liberal
    Posts
    2,422

    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Fenton View Post
    It is and it has never been about just dropping Taxes.

    Its about creating a business friendly environment, a investment friendly environment.

    And lowering taxes is part of it.
    That is the problem, CONservatives very seldom tell you their intentions. They talk nuances "job creation" "deficit reduction", "Austerity", They just can not say it loud and proud: I WILL GIVE YOUR GOVERNMENT TO THE RICH AND POWERFUL, (because is unfair that The Middle Class make any money at all and corporations do not get to keep all of it) SO I CAN GIVE IT TO THOSE WHO ALREADY HAVE MOST OF THE MONEY FROM BUYING CONGRESSMEN AND DEREGULATING INDUSTRY.

  5. #65
    Banned
    Join Date
    Apr 2013
    Last Seen
    05-04-15 @ 04:39 PM
    Lean
    Very Liberal
    Posts
    2,422

    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Mr.Nick View Post
    Yeah, eliminate profit and interest - sounds like a pseudo-Marxist plan to me....

    What happens when you run out of wealth?

    The whole reason democracy was invented as a means to make the rich and powerful give up their stranglehold on wealth and power.

    Successful Americans didn't make their money themselves. They conducted business in an ordered society with roads and laws and a military that defends it from foreign invaders and they hired people. Nobody wants YOUR money, they want the share they contributed to it


    Every time I listen to the small-gummint wingnuts, I reminds me of my 8 year old G/D when she says that rules like limits on candy and computer-time don't make sense.

  6. #66
    Banned
    Join Date
    Apr 2013
    Last Seen
    05-04-15 @ 04:39 PM
    Lean
    Very Liberal
    Posts
    2,422

    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Fenton View Post
    Marxist crap.

    Its been debunked time and time again.


    Third World countries. One of the things they all had in common was a small, very rich elite, small middle class, and a large lower class. They also shared very low economic growth as a result. This has been known for at least 50 years. The US has been going in this direction for at least the last 30 years as we have gradually de-industrialized and government policies (such as trickle down economics) have promoted the shift of wealth from the lower and middle classes to the economic elite

  7. #67
    Banned
    Join Date
    Apr 2013
    Last Seen
    05-04-15 @ 04:39 PM
    Lean
    Very Liberal
    Posts
    2,422

    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Fenton View Post
    Again, the oil and gas industry accounts for only 10 percent of Texas's GDP.

    So its incorrect to attribute Texas's economic success to oil and gas.

    Companies aren't relocating here because of oil.
    LOL, YOU are NEVER honest

    Unless you’ve been to Texas lately, you might have missed just how gigantic its latest oil and gas boom has become. Thanks to fracking and other new drilling techniques, plus historically high world oil prices, Texas oil production increased by 126 percent just between 2010 and 2013. Only a few years ago, Texas’s oil production had dwindled to just 15 percent of U.S. output; by May of last year it had jumped to 34.5 percent, as new drilling methods opened up vast new plays in once-forgotten corners of south and west Texas with names like Eagle Ford, Spraberry Trend, and Wolfcamp. Thanks to the bonanza of drilling, Texas already produces more oil than Venezuela, and is headed to become the ninth-largest producer of oil in the world, ahead of Kuwait, Mexico, and Iraq.

    ...To be sure, only about 8 percent of the new jobs in Texas are directly involved in oil and gas extraction, but the multiplier effects of the energy boom create a compounding supply of jobs for accountants, lawyers, doctors, home builders, gardeners, nannies, you name it. Saying that Texas doesn’t depend very much on oil and gas just because most Texans are not formally employed in drilling wells is like saying that the New York area doesn’t depend very much on Wall Street because only a handful of New Yorkers work on the floor of the stock exchange.


    Oops: The Texas Miracle That Isn’t by Phillip Longman | The Washington Monthly

  8. #68
    Banned
    Join Date
    Apr 2013
    Last Seen
    05-04-15 @ 04:39 PM
    Lean
    Very Liberal
    Posts
    2,422

    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Fenton View Post
    No, Subprime backed SECURITIES were distributed throughout the worlds Capital markets wrapped up and hidden away in CDO tranches like Time Bombs.

    And Europe DEFINITELY did have a subprime market.

    Spain, Italy AND Ireland had their own little Sub-Prime experiments.

    They all failed miserably.

    Yeah, Barney, Clinton, and the Dems fault because they forced F/F to create a WORLD WIDE CREDIT BUBBLE right? lol

  9. #69
    Banned
    Join Date
    Apr 2013
    Last Seen
    05-04-15 @ 04:39 PM
    Lean
    Very Liberal
    Posts
    2,422

    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Fenton View Post
    It wasn't " illegal " when Clinton via executive orders forced lenders to lower their lending standards.

    In fact lenders who refused to lower their standarsa were subjected to DOJ action.

    And " Sub-Prime " means below prime.

    Private sector loans, not Fannie or Freddie, triggered crisis


    The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets

    Private sector loans, not Fannie or Freddie, triggered crisis | Economics | McClatchy DC



    Most subprime lenders weren't subject to federal lending law

    Community Reinvestment Act, blamed for home market crash, didn't apply to the banks that did the most lending.
    Most subprime lenders weren't subject to federal lending law - The Orange County Register

    Household debt grew from $7.4 trillion at yearend 2000, to $14.5 trillion in midyear 2008, 134% of disposable personal income


    http://www.stat.unc.edu/faculty/cji/...e%20crisis.pdf

    YEAH, CLINTON'S FAULT

    Center for Public Integrity reported in 2011, mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to be seriously delinquent than mortgages backed by Fannie and Freddie.

  10. #70
    Banned
    Join Date
    Apr 2013
    Last Seen
    05-04-15 @ 04:39 PM
    Lean
    Very Liberal
    Posts
    2,422

    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Fenton View Post
    Not gonna work guys, its not going to work.

    Hell, why dont we just start up the Subprime market again ?
    Banks used cheap capital to create a bubble. Their lending strategies fueled and fed off the housing bubble, and they did so using mortgage products whose performance was premised on continued growth of that bubble.


    Regulators and policymakers enabled this process at virtually every turn. Part of the reason they failed to understand the housing bubble was willful ignorance: they bought into the argument that the market would equilibrate itself. In particular, financial actors and regulatory officials both believed that secondary and tertiary markets could effectively control risk through pricing.


    http://www.tobinproject.org/sites/to...Disaster_0.pdf

Page 7 of 9 FirstFirst ... 56789 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •