Author Topic: They're Richer Than Ever in the Land of Negative Interest Rates  (Read 803 times)

Mackin USA

  • Inner Core
  • Hero Member
  • *
  • Posts: 2224
  • Abstract Artist
    • View Profile
They're Richer Than Ever in the Land of Negative Interest Rates
« on: February 26, 2018, 11:43:36 AM »
VIKINGS

After more than half a decade of negative interest rates, rising property values in Denmark have left the average family with net assets of 1.9 million kroner ($314,000), according to the latest report on household wealth.

https://www.bloomberg.com/news/articles/2018-02-26/they-re-richer-than-ever-in-the-land-of-negative-interest-rates


Mr. Mackin

rcjordan

  • I'm consulting the authorities on the subject
  • Global Moderator
  • Hero Member
  • *****
  • Posts: 7132
  • Debbie says...
    • View Profile
Re: They're Richer Than Ever in the Land of Negative Interest Rates
« Reply #1 on: February 26, 2018, 02:59:07 PM »
>Land of Negative Interest Rates

It ain't ever gonna happen here.

Mackin USA

  • Inner Core
  • Hero Member
  • *
  • Posts: 2224
  • Abstract Artist
    • View Profile
Re: They're Richer Than Ever in the Land of Negative Interest Rates
« Reply #2 on: February 26, 2018, 07:41:57 PM »
>It ain't ever gonna happen here.

THANK GOD
Mr. Mackin

Travoli

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 655
    • View Profile
Re: They're Richer Than Ever in the Land of Negative Interest Rates
« Reply #3 on: March 01, 2018, 09:04:22 PM »
>It ain't ever gonna happen here.

You sure?

rcjordan

  • I'm consulting the authorities on the subject
  • Global Moderator
  • Hero Member
  • *****
  • Posts: 7132
  • Debbie says...
    • View Profile
Re: They're Richer Than Ever in the Land of Negative Interest Rates
« Reply #4 on: April 17, 2018, 02:47:46 PM »
>You sure?

Pretty much.

Borrowers Fear Higher Financing Costs as US Debt Balloons

https://commercialobserver.com/2018/04/higher-financing-costs-us-debt-balloons/

Mackin USA

  • Inner Core
  • Hero Member
  • *
  • Posts: 2224
  • Abstract Artist
    • View Profile
Re: They're Richer Than Ever in the Land of Negative Interest Rates
« Reply #5 on: April 17, 2018, 03:12:06 PM »
Simple BUT Painful  :o

60% spending cuts and 40% tax increases


Our political leaders can stop looking for the easy way out and instead focus on the size and scope of the government, military spending, entitlements and tax reform.
We can eliminate our federal debt by 2030.
Mr. Mackin

littleman

  • Administrator
  • Hero Member
  • *****
  • Posts: 3947
    • View Profile
Re: They're Richer Than Ever in the Land of Negative Interest Rates
« Reply #6 on: April 17, 2018, 04:20:25 PM »
So many US politicians will preach about fiscal responsibility and then do the exact opposite when given the opportunity.

aaron

  • Inner Core
  • Full Member
  • *
  • Posts: 194
    • View Profile
Re: They're Richer Than Ever in the Land of Negative Interest Rates
« Reply #7 on: April 24, 2018, 05:43:08 AM »
We can eliminate our federal debt by 2030.
As long as we live in a fractional reserve world & money is backed by debt, one can't eliminate the federal debt without shrinking the money supply & causing a massive depression.

They'd need to issue/print money directly into circulation rather than printing debt bonds for a massive debt repayment to not cause a deflationary spiral that ends up in depression.

Also, as the world's reserve currency, the international monetary system implodes if the US runs a long-lasting surplus on the international trade & government balance fronts.

Probably the best way to bring things into a more stable trajectory would be enforcing the anti trust laws in the healthcare industry (kills the pension crisis & spiraling health care costs, which makes domestic economy more competitive internationally by lifting a tithing spent toward subsidizing health scams off of labor) along with shifting some portion away from an income tax to a VAT (going with a VAT would tax both domestic & foreign labor whereas income tax only hits domestic labor).

So many US politicians will preach about fiscal responsibility and then do the exact opposite when given the opportunity.
Excessive debt growth = fast economic growth = strong economy = get reelected.

Espoused "fiscal responsibility" by the party not in power is trying to ensure debt grows slowly when the other party is in power.