Saying things will never return to normal again? Have we reached a permanently higher plateau?
Looks like Irving Fisher has risen from the dead!
When Rates Turn Negative, Banks Pay Customers To Borrow
- Thread starter blakpacman
- Start date
Saying things will never return to normal again? Have we reached a permanently higher plateau?
Looks like Irving Fisher has risen from the dead!
It is simple: the government can say that this will be illegal or make very strict regulations. Like registration of ownership for gold and diamonds.
Soon we can say: cash money was used too. But we have no message about what was used in past. Past is past and will maybe never come back.
If you have other investments that require cash, simply going to have to have a bank and pay them fees, rental properties-most who do them have mortgages, so any maintance/repairs need cash. And being through one time of broker going under and holding my cash, I don't have "warm and fuzzy" feelings of having just one brokerage, and if USA went under, I would not put it past them to hold and use my funds in brokerages, so you have to protect yourself in other ways. I really like Gold coins, farm land-lease out, rental houses, water rights and tax liens, all require cash on hand. Dividend stocks only way to trade longer term-best if they have options-covered calls and Put spreads. Ones who don't diversify could get wiped out by our government.
Oneliners are nothing but oneliners. They have not the slightest scientifical value.
Microsoft said in the 80's that no computer would ever need more than 640 K RAM. We know now what the value of that statement is.
Not so wrong, it seems clear the efforts governments make removing cash off the market is aiming at gaining control over its citizens and their money.
In some european the limits on cash payments are ridiculous, 3000euros in France for individuals and it's implemented by some big companies like Airlines - friends as well as myself have been turned away when trying to buy a single flight ticket with cash !
I think Spain has tried 1000euros but not sure how it is enforced.
The declared aim is to limit undeclared money to circulate and muscle people out of tax evasion, the result imo is mostly of hurting the economy - Germany once again seems to be acting smarter than its southern neighbours, with much higher cash payment allowances and a better economy than its southern neighbours.
There are even less limitation or not at all in the thriving middle eastern and asian economies.
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The green countries still have unlimited payments in cash, all the other countries NOT. Cash payments are mostly limited to 3000 euro. Partial payments are not allowed. So buying a car for 5000 euro cannot be done by making 2 seperate cash payments of 2500 euro each.
Microsoft said in the 80's that no computer would ever need more than 640 K RAM. We know now what the value of that statement is.[/QUOTE]
the above is a gem of logic. are two or 100 lines more scientifically based?
the governments' actions are telling its citizenry that cash is king.
I never said that Microsoft's statement was more scientifical. I showed that their statement was stupid too. The statement from Faulkner and the statement from Microsoft have the same value (read: no value).
If the past is not past, the present nor the future do exist, or will ever exist. Past should be past before present or future can start.