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Yellen Tells Congress Negative Interest Rates Are Possible

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Lobo
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Yellen Tells Congress Negative Interest Rates Are Possible

Post by Lobo on Thu 05 Nov 2015, 12:37 pm

Yellen Tells Congress Negative Interest Rates Are Possible

Posted on November 5, 2015 by Martin Armstrong


Reuters has reported that Yellen told a House of Representatives committee when testifying before Congress: “Potentially anything – including negative interest rates – would be on the table. But we would have to study carefully how they would work here in the U.S. context.”
Yellen may have been placating Congress, for negative rates would wipe out the elderly entirely. They have failed to work in Europe in the slightest.

Negative interest rates are not working in Europe. Even in Switzerland, hoarding cash is becoming a national pastime. This entire idea demonstrates that those who would be king do not understand how the economy even functions.

We are back to Thomas Paine’s “Common Sense” that inspired the American Revolution. He explained that government was evil because it operates from a NEGATIVE perspective always to PUNISH the people. This is the only way those in government ever perceive their power – it is always to demand and punish, never to work with society to comprehend what the problem might be.

Taxes are too high and the standard of living has declined. Those in power will ONLY raise taxes because they are incapable of reform. The year 2017 will cross the Rubicon. The inflation they are desperately trying to create will arrive, but not in the form they desire.
 
 
This entry was posted in World News and tagged Federal Reserve, negative interest rates, Thomas Paine, Yellen by Martin Armstrong. Bookmark the permalink.
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Proven
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Re: Yellen Tells Congress Negative Interest Rates Are Possible

Post by Proven on Fri 06 Nov 2015, 6:37 am

Note, social security goes negative in 2017. 

More taxes?  Cut spending?  Inflation.....

    Current date/time is Sat 24 Jun 2017, 5:31 am