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Author Topic: You now have to pay if you lend money to Germany [Locked]
NuEM  4 stars
Posts: 1,007
Registered: 2004-3-2 09:08:11
I don't think it's a good sign but man it's quite hilarious. Should try that with my bank.

 

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__Bonk__  5 stars
Posts: 5,122
Registered: 2009-7-25 03:04:52
What?

 

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I keep my eyes fixed on the sun!
A change in feeling is a change in destiny.
NuEM  4 stars
Posts: 1,007
Registered: 2004-3-2 09:08:11
Give us 100 Euros now and we promise to give you back 90 Euros in a few weeks. Apparently many investors think that's a good deal.

 

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Elkad  2 stars
Title: aka Ebenezer
Posts: 407
Registered: 2003-9-11 22:20:55
Negative interest. Investors have nowhere to stash all their money (that they trust).

So you loan Germany $1000, and a year from now they give you $997 back.
If you loaned the same $1000 to Greece, you'd get like $1400 back.

Difference is, Greece may not pay you at all...

 

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"I would rather be exposed to the inconveniences attending too much liberty, than those attending too small a degree of it." - Thomas Jefferson
NuEM  4 stars
Posts: 1,007
Registered: 2004-3-2 09:08:11
When the top has accumulated so much money that they don't know what to do with it it's time for some serious wealth redistribution. It's quite ironic that the very process that made them rich, the destruction of the middle class, has also destroyed the economy so that there is nothing left where all that money could be invested.

 

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Brother_Tempus  3 stars
Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
NuEM posted:

When the top has accumulated so much money that they don't know what to do with it it's time for some serious wealth redistribution.



No it means that the time to retire the currency is coming soon ...

 

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NuEM  4 stars
Posts: 1,007
Registered: 2004-3-2 09:08:11
You still haven't figured out what money is so your opinion is filed under 'funny things kindergardeners say'.

 

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Ptilk  4 stars
Title: Creepy old pirate
Posts: 2,359
Registered: 2002-2-13 14:52:58
Commodity prices will start going back up again now. Damnit.

They stashed all their cash in real estate....and destroyed the economy of the entire world by doing so.
Then they stashed their cash in commodities....and drove up prices on everything and destroyed what was left of the economy.
Then they went into bonds and pushed them negative
Now they go back to commodities (which have leveled a bit) till that tanks us even more...

Why the hell don't they just spend the god damn stuff? Oh that's right, they already own everything on earth.
BubbleDude  2 stars
Title: Perma-N00b
Posts: 488
Registered: 2003-2-27 21:04:24
NuEM posted:

kindergardeners



Aren't you German?

 

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NuEM  4 stars
Posts: 1,007
Registered: 2004-3-2 09:08:11
What's wrong with that?

 

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