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Old 01.06.2017, 07:22 PM   #82
tesla69
invito al cielo
 
Join Date: Oct 2006
Location: NYC
Posts: 5,363
tesla69 kicks all y'all's assestesla69 kicks all y'all's assestesla69 kicks all y'all's assestesla69 kicks all y'all's assestesla69 kicks all y'all's assestesla69 kicks all y'all's assestesla69 kicks all y'all's assestesla69 kicks all y'all's assestesla69 kicks all y'all's assestesla69 kicks all y'all's assestesla69 kicks all y'all's asses
Jim Rickards:
"When pigs are going to be slaughtered, they are first herded into pens for the convenience of the slaughterhouse. When savers are going to be slaughtered, they are herded into digital accounts from which there is no escape....."

"....In plain English, this means the “money” in your bank account and the “money” in your purse or wallet would be like two different kinds of currency. There would be an exchange rate between the two, just as there is an exchange rate between dollars and euros. The Fed could set this exchange rate at whatever level it wanted and would not be obligated to “defend” that rate at any particular level."

"What this means is if you go to the bank and withdraw $1,000, the bank might only give you $980 in cash because of the “exchange rate” between your bank account and cash. Or if you deposit $1,000 in cash, the bank might only credit your bank account $980 because of the same “exchange rate” between your cash and the bank account balance. In short, it’s a way to impose negative interest rates on physical cash....."


http://investmentwatchblog.com/ricka...e-war-on-gold/

the relevant pages seem to start around 26, its not light reading,
http://www.censoo.com/wpdm-package/c...cy-zero-bound/

"In principle, the deposit/reserve price of paper currency could
be floated relatively expeditiously, if need be, in a future crisis."
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