Originally posted by Jeffa
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Originally posted by Jeffa View PostWhen our dollar goes to - 0% ...The answer is for our reserve bank is to divide the monetary base into 2 SEPARATE LOCAL CURRENCIES —CASH and ELECTRONIC MONEY(e-money). E-money would be issued only electronically and would pay the policy rate of interest, and cash would have an exchange rate—the conversion rate—against e-money. This conversion rate is key to the proposal. When setting a negative interest rate on e-money, the reserve bank would let the conversion rate of cash in terms of e-money depreciate at the same rate as the negative interest rate on e-money. The value of cash would thereby fall in terms of e-money...sound familiar?..exactly the same when the U.S ended the gold standard!! ...we are coming to the END of fiat currency and the NZ DOLLAR..and the dawn of the NZ E-DOLLAR...
To illustrate, suppose your bank announced a negative 3 percent interest rate on your bank deposit of 100 dollars today. Suppose also that the central bank announced that cash-dollars would now become a separate currency that would depreciate against e-dollars by 3 percent per year. The conversion rate of cash-dollars into e-dollars would hence change from 1 to 0.97 over the year. After a year, there would be 97 e-dollars left in your bank account. If you instead took out 100 cash-dollars today and kept it safe at home for a year, exchanging it into e-money after that year would also yield 97 e-dollars.
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They new this was about to happen...
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Originally posted by Jeffa View PostThe story so far
- Crippliing world debt
- Already low interest rates
- Beer Flu
- Market panic
- negative interest rates
- fiat worthless
- NZ E DOLLAR emerges, economy saved..they had been planning this for over a deacade..Trump was right..because he knew the END GAME...
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Oz will begin quantitative easing July/August.(Magic money!!)ANZ already asking Grant Robertson to borrow 60billion...busy Spring 2020 if rates start dropping to mid low 2%...
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I don't wish to be alarmist, but if Deutsche bank collapsed which it is coming seriously close to as of 10pm nztime this beer virus will be a side issue..When and if Deutsche Bank Collapse will happen , at least in the same way that Lehman failed, then every other financial institution will face the same questions and economic collapse will hit the world...again I don't mean to cause hysteria, Im peeved our local media isn't reporting this....
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There will be world recession as a result of this ongoing conoravirus, hopefully, just a short sharp shock. Govt's and banks are prepared around the world unlike the last financial crash, therefore, it is case of riding out the storm although for countries who rely on tourism which is many, this industry could suffer for the next year or 2. It is interesting that every 10 years, economies get hit and then we recover within 2 or 3 years.
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Originally posted by Jeffa View PostI don't wish to be alarmist, but if Deutsche bank collapsed which it is coming seriously close to as of 10pm nztime this beer virus will be a side issue..When and if Deutsche Bank Collapse will happen , at least in the same way that Lehman failed, then every other financial institution will face the same questions and economic collapse will hit the world...again I don't mean to cause hysteria, Im peeved our local media isn't reporting this....
Now, what do you think is the root cause of this possibility?
Remember the last event was a sub prime event.
Basically a slight of hand trick with numbers.
The nature of the con was concealed in a mathematical error.
Well, the way a human brain judges averages.
Basically a lot of bad stuff can be hidden in a group of good stuff.
so, what's your idea of the trick behind this possibility?
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Originally posted by McDuck View PostFrom a Systems point of view, this is all quite interesting.
Now, what do you think is the root cause of this possibility?
Remember the last event was a sub prime event.
Basically a slight of hand trick with numbers.
The nature of the con was concealed in a mathematical error.
Well, the way a human brain judges averages.
Basically a lot of bad stuff can be hidden in a group of good stuff.
so, what's your idea of the trick behind this possibility?
Angela Merkel Chancellor of Germany says they won't come to the rescue like the US did for there big banks
Deutsche bank has over a TRILLION DOLLARS worth of assets...there is already low liquidity in the banking system...all banks are tied to each other in one way or another..which means so are we.
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