Fed Rate Cut in the Works
Potus is grinning! winning!! Negative Rates coming Soon?
Getting paid by Fed instead of Paying Fed…
https://www.newsmax.com/newsfront/fed-rate-cut-powell/2020/03/01/id/956396/
Hooper expects the Fed to cut rates by a quarter percentage point in March and April. His counterparts at Bank of America Corp. predict a half-point cut this month. Those at Goldman Sachs Group Inc. see reductions totaling three quarters of a point through June.
Alot like asking a Real person about the last racist attack they Witnessed in person. Cant remember, but TV and Dems remind them daily to keep FEAR fresh!
yes restructure>>US Treasury
Q 3393: https://www.cbsnews.com/news/trumps-fed-pick-judy-shelton-gold-standard-explained/
Fed>restructure (back to US Gov control)
Many anons dug in and determined gold is WAAAAAY undervalued
Gold is money.
Gold is the Safe haven when Fiat currencies are volatile.
1 ounce of gold in year 1900 was likely $20 and bought probably 500-1000 loaves of bread.
Today an ounce of gold would buy the same bread.
Today an ounce of gold buys 1750 dollars.
In 1900 it bought 20 dollars.
Money is deflating gold remains stable relative to labor costs and commodities costs.
agree anon.
silver/gold spreads should remain stable at least, and likely will move closer in ration to favor silver as an investment.
AND—
If fiat tanks and specie is demanded by sellers then Silver allows everyday transactions, a silver quarter is worth about 3.50 a dime about 1.40ish, allowing daily sales.
Gold would be to settle large trades like buying a car or house suitably, or business to business settlements.
Hard to buy a loaf of bread with gold shavings!
In memory of P Haney
Admiral Lyons….
A true Patriot!!!
Must see vid for Anons that have not yet…
'You must understand,' said Lyons, Islam is a totalitarian ideology bent on world domination masquerading as a religion'
Admiral Lyons on Obama’s Strategy: ‘It’s Anti-American … Pro-Islamic, It’s Pro-Iranian, and Pro-Muslim Brotherhood!’
https://www.conservativehq.com/article/29302-memoriam-admiral-james-%E2%80%9Cace%E2%80%9D-lyons-usn-ret
https://www.cnsnews.com/blog/michael-w-chapman/admiral-lyons-obama-s-strategy-it-s-anti-american-pro-islamic-it-s-pro
the lib left and msm will bring him the stardom he always sought!
avennati is where now??
2024?
not sure the real effects anon i agree with your savings mention no doubt.
from a macroeconomical point of view:
we would have no national debt if rates were always negative. we would lower the debt as we borrowed.
also it puts us at a disdvantage globally when other countries have zero or negative rates. they borrow and their gdp to debt ratio goes down, so they have greater borrowing power to a degree.
most importantly from Potus's point of view, if we are the largest customer in the world, why do we not get the best deals?
If buying a house would you personally want 5%, 3% or 0% interest, how about -1% whereby you fully amortize a 240k dollar house for 20 years and pay back only 200k?
nice analysis