Economist: U.S. Banks Preparing to Charge Customers For Deposits

[Raystonn]

Economist: U.S. Banks Preparing to Charge Customers For Deposits
Negative interest rates coming to USA

http://www.infowars.com/economist-u-s-banks-preparing-to-charge-customers-for-deposits/

[RiverBoatBTC]

Another one of you guys? Really? You know Alex Jones ate paint chips a child.

[cooldgamer]

Economist: U.S. Banks Preparing to Charge Customers For Deposits
Negative interest rates coming to USA

http://www.infowars.com/economist-u-s-banks-preparing-to-charge-customers-for-deposits/

It probably won't go negative, they'll just have high fees that nobody pays attention to and a really small interest rate.  In other words, do what they always have

[Ibian]

0% on my account. And a number of fees. The future is now.

[BCwinning]

it basically happens now anyway with the maintenance fees.
ie: savings account with less than X $$ = a monthly fee..
charging you money for keeping your money in there.

[okthen]

This would certainly drive the bitcoin price up!
It's outrageous though. I doubt it happens, everyone would move to the one bank who didn't apply it.

[Miz4r]

This would certainly drive the bitcoin price up!
It's outrageous though. I doubt it happens, everyone would move to the one bank who didn't apply it.

Fees will most certainly go up, which has the same effect as a negative interest rate except it creates less of a ruckus which is exactly why they will choose that route. I can't wait for the day I don't have to use a bank account at all anymore.

[Benjig]

C'mon Watson, for the love of god. This is about banks being charged to keep deposits at the central bank not individual depositors. Put down the carnival barker's suit and read before you publish this stuff.

[okthen]

This would certainly drive the bitcoin price up!
It's outrageous though. I doubt it happens, everyone would move to the one bank who didn't apply it.

Fees will most certainly go up, which has the same effect as a negative interest rate except it creates less of a ruckus which is exactly why they will choose that route. I can't wait for the day I don't have to use a bank account at all anymore.

Maybe you're right.
Anyway it is depressing, and I agree that not being dependent on banks will be the best thing bitcoin will give us.

[Wolf Rainer]

Monetaring banking system, the biggest scam of history. And this help to show to those people who said bitcoin it`s a scam coin used for terrorist and traffic, how much they have they heads inside they asses.

Print money from nowhere and charge people fees for they works, make them spend all the day of them lifes working to buy things they don`t need with a fake coin, that`s the monetary system.

[Benjig]

The Blessing of the Banks must continue! Our betters know far better how to spend the a nations wealth than we do. (For low information voters, that was sarcasm.)
Here's the question... The Fed has pumped trillions of dollars into the economy and interest rates are at historic lows, yet inflation remains very low.... Where did all those dollars go?

[okthen]

Banks are a business, we all have to know it even though they tend to be demonized.
What really bothers me is that nowadays you need to use their services.
No one should be obliged to have a bank account to receive their salary. I'm not sure what a proper alternative would be, but they're basically forcing everyone to put your money in a third party company. Not cool.

[CEG5952]

Another one of you guys? Really? You know Alex Jones ate paint chips a child.

True. Is there any validity to this at all, though? It's a pretty scary thought. I've been trying to keep a decent amount of money in silver, gold and bitcoin in case shit hits the proverbial fan.

[Miz4r]

The Blessing of the Banks must continue! Our betters know far better how to spend the a nations wealth than we do. (For low information voters, that was sarcasm.)
Here's the question... The Fed has pumped trillions of dollars into the economy and interest rates are at historic lows, yet inflation remains very low.... Where did all those dollars go?

To the banks of course who love being able to borrow money at historic low interest rates and then use that money to blow up some more bubbles around the world. This is all happening completely outside of the common people (and the real economy), who can only afford to buy less on average so there's no way inflation can be high under these circumstances. I'm surprised there isn't deflation yet, but I guess the people lifting on the stock market prevent that from happening. Once the stock market bubble pops there will be deflation and the real show starts.

[spazzdla]

Negative interest rates already in EU....

[cbeast]

The Blessing of the Banks must continue! Our betters know far better how to spend the a nations wealth than we do. (For low information voters, that was sarcasm.)
Here's the question... The Fed has pumped trillions of dollars into the economy and interest rates are at historic lows, yet inflation remains very low.... Where did all those dollars go?

Wall Street stock prices have inflated.

[okthen]

Negative interest rates already in EU....

Only learned of this today...
I hope it doesn't help break Europe further apart.

[Ibian]

Negative interest rates already in EU....

Only learned of this today...
I hope it doesn't help break Europe further apart.

You got it backwards. Right now all the EU countries are in effect states in the European Nation. Unelected politicians make our laws for us, and what little control we still have over our own country falls within the limits they set. What we need to survive as nations, and if the tinfoil crowd is right, to survive period, is to abolish the EU, starting with individual member nations walking away.

[Raystonn]

Your window to walk is before the EU gets its own military.

[Ron~Popeil]

Your window to walk is before the EU gets its own military.

That is a terrifying statement. At least in the US we have the illusion of accountability.