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Re: Is There Something Seriously Wrong With Danske Bank?

By: micro in POPE 5 | Recommend this post (0)
Mon, 23 Sep 19 5:00 PM | 49 view(s)
Boardmark this board | Pope 5 		Msg. 40579 of 62138
(This msg. is a reply to 40574 by Decomposed)
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perzactly De !!

If ya cannot get any saving there at the a financial institution then go somewhere else...

LOTS of somewhere else's....




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The above is a reply to the following message:
Re: Is There Something Seriously Wrong With Danske Bank?
By: Decomposed in POPE 5
Mon, 23 Sep 19 4:12 PM 		Msg. 40574 of 62138

Nemo:

Re: "Last week, Denmark’s central bank cut its deposit rate to -0.75%. Banks will pass this on to large customers."What the Central Banks are trying to do is to stop people from saving.

Keynesian economics - which is the economic theory that runs the world today (in contrast to Austrian economic theory) - says that the ideal interest rate is ZERO PERCENT. That's the highest rate at which consumers will, presumably, save nothing. If they save nothing, then cash turnover is maximized and you get peak economic activity. That's Keynesianism.

Zero percent might be the ideal for an economy but it is TERRIBLE for citizens since it puts them at maximum risk in an emergency. What ever happened to "Be Prepared"?? Liberals and Keynesians have flushed that sage advice right down the ol' crapper.

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