Bad idea to Borrow to pay taxes.

posted to facebook...

Very good movie. Aim small, miss small.

You make me think of that scene in The Patriot where Mel Gibson melts his murdered son's lead toy soldiers down into ball bullets.
Ah, kids playing with lead and lead getting into drinking water. Those were the days!
That not excluding old dino letting the UNTOLD RICHES of lead coins run through my hands.

And if you look closely a lot of what the government is now doing is to put the avg joe in cebt, to them, and to businesses through the use of credit cards etc. People pay taxes with credit cards and such and never get them paid off.

the Fed has not been able to raise interest rates to allow them any room to be able to lower rates again for the next recession (vegas oddsmakers give it a 65% chance for 2017)...90% of the jobs created since 2008 have been part-time jobs for 55 and older...1 million middle income jobs have lost every year since 2008...the middle class is being destroyed...not by accident, but by design...there are more small business failing than being created yearly than at any time in modern history...this leaves fewer people able to purchase homes (most home sales are to foreign investors)...prepare for the worst...

Give me liberty or $50000 in gold. It seems most of the minions would take the $50,000.00.

Always "follow the money"...NIRP isone step nearer to collapse, as this will be the sign that the house of cards is about to come tumbling down...financial collapse...then the takeover of the economy for the "safety" of everyone...socialist/fascism...the oligarchy rules...politicians will promise "temporary" this and that...

The fed is not preparing for the unthinkable they have already done the unthinkable. If they actually knew how to think they would just leave us alone, but that is not in the cards now or ever. As for precious metals, they ultimately will not have any value!

I pulled everything out of Chase, when I took my CDs out, they started charging me big charges for my checking account, no matter the balance! I knew negative interest rates were on their way then. It feels like Jed Clampett thanking Mr. Drysdale for for keeping his millions in his bank without charging him.! Maybe the Beverly Hillbillies knew what was coming.

Lol, and here I was planning to dump all my lead into those trying to take my freedoms.

ah, now that I know that, I will deliberately do something else to protect myself EXCEPT spend.

The want to force savers to spend instead.

I never could have imagined such a thing, even in my wildest dreams. I will never pay anyone for the privilege of using my money. And like most sensible folks, I'll stock up on real money and I already have a safe. (And guns)

I read negative rates were a no-go in the Journal last week, from the Wyoming offsite.

UNTOLD RICHES!
Next I'll be collecting lumps of coal to place on display so that I may charge the public to come see them.

Dobrien.... You've been reading my mail. I just made it to your response when the same idea hit me. How would you like to have $50,000 of gold around your house without $50,000 of lead and arms to defend it???

Me dinoi gonna melt all my brass and lead into coin shapes and dump it all into a treasure chest so that I may run my fingers through my UNTOLD RICHES!

The only way that this negative interest rate policy will be adopted is if Hillary Clinton wins the presidency. If Trump wins the presidency they will jack the rates up in an attempt to tank the economy. Over the short-term this will make the Republican Administration look bad. However in the long term it will help because it will allow the economy to clear and interest rates will find their normal level. The only question is..... will the economy have time to recover before the next election cycle comes along.

Just curious- what do they THINK that negative interest rates would accomplish.

In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will disappear from circulation.