Post by MF on Jan 28, 2016 13:12:09 GMT -5
Have you heard that term yet ?? Do you know what it means ? ? I didnt...
Fyi.....
When economic conditions worsen, world banks react by reducing interest rates in order to stimulate the economy. But there comes a point when those central banks run out of room to cut, because interest rates are already at zero. So the answer for world banks is to impose negative interest rates. This means that instead of getting interest on your savings, you actually PAY BANKS to keep your savings on deposit. In other words, you pay tax on your savings. So you actually LOSE MONEY every day you keep your money in the bank.