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Negative interest rates.
Bring it on?
M
0
16 replies
12 views
May 23, 2020
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MethDozerM Best Answer
Yeah, inflation and decreased buying power is awesome.馃檮

https://www.investopedia.com/articles/personal-finance/030915/why-deflation-bad-economy.asp
ValentineM
[@521796,MethDozer] Sorry about the time gap, flat car battery etc 馃う鈥嶁檧锔

So, no choice thing: oil, priced and transacted in $? No other option, if I鈥檓 correct. Many bank accounts, US control over them. And, as you sort of suggest it鈥檚 their choice to make it the lingua franca currency in their country.

What鈥檚 your view on the massive debt to China?
MethDozerM
[@137437,Valentine] That's because OPEC chose to only accept US dollars for oil because they love what an awesome currency it is. There's so many options.



I think We should just not pay China any of the owed debt and tell them to go Fuck themselves with their menstrual red flag for holding the whole world hostage and never admitting fault for anything while always demanding praise for being the worlds biggest piece of shit.
ValentineM
[@521796,MethDozer] I think this gets BA... 馃憦馃憦馃憦馃
TopCat26-30, M
Oh lordy no, deflation is really not good!
TopCat26-30, M
[@137437,Valentine] no it's not immune, currency can still deflate. Japan does it to keep their currency weak, UK may have to weaken our currency but we shouldn't deliberately trigger deflation
ValentineM
[@935986,TopCat]
But, I asked about [i]printing[/i] money. Not borrowing to invest?
TopCat26-30, M
[@137437,Valentine] yes, blindly printing money is how deflate your currency, it's not a good plan
Cierzo46-50, M
Negative interest rates and printing money are a crime. Bring gold standard back. Favour savers. Interest rates should be at 5% the least

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