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Re: Draghi Takes ECB Deposit Rate Negative in Historic Move

By: Cactus Flower in ALEA | Recommend this post (0)
Fri, 06 Jun 14 6:32 PM | 86 view(s)
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Msg. 15530 of 54959
(This msg. is a reply to 15529 by faul)

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what stops someone selling euros and buying dollars?


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The above is a reply to the following message:
Re: Draghi Takes ECB Deposit Rate Negative in Historic Move
By: faul
in ALEA
Thu, 05 Jun 14 10:06 PM
Msg. 15529 of 54959

Some facts.....

Only 3% of money exists in cash form,so it would
be impossible for everyone to exchange their bank
account credits for cash.

When you deposit money in your account you have
in fact Loaned your money to the bank & have
become an unsecured creditor.

NIRP means the banks are charging you to loan
them your money....

Gold & silver prices are controlled by the FED,BOE
& BIS via the Creation of paper certificates....
there are 100 to 200 times paper to actual
physical real World metals.Less than 1% of people
who Believe they own metals actually own them....


Europe has adopted a policy of not allowing cash
transactions above 500 euros,therefore making
cash irrelevant forcing people into banks.

Goodluck to all those that trust their governments,
banks & authorities......lmao!Smile



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