Article

2011-08-04 Economy

Negative interest achieved; Banks to start charging customers for excessive cash balances

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Posted by Anguper Hupomosing9418 2011-08-04 13:43|| || Front Page|| [7 views ] Top

#1 Isn't that why the Fed created inflation?

Posted by Chesh Panda5654 2011-08-04 15:36|| 2011-08-04 15:36|| Front Page Top

#2 A New York bank that won $3 billion in taxpayer bailout money was hired by the government to monitor all banks that pocketed public cash - including itself. Guess who?

Posted by Procopius2k 2011-08-04 16:05|| 2011-08-04 16:05|| Front Page Top

#3 Translation:
Sell Dollars Buy Gold
Sell Dollars Buy Gold
Sell Dollars Buy Gold
Sell Dollars Buy Gold
Sell Dollars Buy Gold
Sell Dollars Buy Gold
Sell Dollars Buy Gold

Posted by Bright Pebbles 2011-08-04 17:34|| 2011-08-04 17:34|| Front Page Top

#4 This most truely is the Great Contraction II.

Posted by newc 2011-08-04 17:54|| 2011-08-04 17:54|| Front Page Top

#5 Like the first Great Depression, government meddling made it worse and last longer.

Posted by JohnQC 2011-08-04 18:18|| 2011-08-04 18:18|| Front Page Top

#6 Leading report on tonight's ABC news:
"There is real fear on the Street tonight."

Posted by Anguper Hupomosing9418 2011-08-04 18:32|| 2011-08-04 18:32|| Front Page Top

#7 Opinion from the Daily Telegraph about the inaction of the Euro Central Bank over the spiking interest rates on Italian & Spanish sovereign debt: The fiscal canon is exhausted and policymakers are struggling to find alternatives. Not since the deepest days of the banking crisis, when we were looking into the abyss of a second Great Depression, have things looked so scary. Policy seems impotent before the storm.

Posted by Anguper Hupomosing9418 2011-08-04 18:40|| 2011-08-04 18:40|| Front Page Top

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