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Thread: NIRP coming in July

  1. #1

    NIRP coming in July

    A little birdie told me:

    1) Banks are starting to send notices that accounts (personal and business) will be subject to mandatory "fees" starting in July. They will start small, around .15% of account balance monthly but subject to change at any time. That is NIRP policy in effect so look for June FOMC to go NIRP or at least bring it up and go "official" NIRP in July.

    2) Banks will start requiring ID for cash transactions in the same time-frame as people start worrying about the safety of their account balances. Cash transactions will be tracked.

    3) Puerto Rico default on huge missed payment will probably be blamed as the catalyst for dominoes starting to fall. Bail-ins to quietly start soon after, though the NIRP "fees" are a stealth bail-in already. Those "fees" can go up really quickly.

    No, I won't reveal sources or specific evidence. Take this post however you like, feel free to ignore it. Read any and all bank notices you receive in the near future very closely!
    Last edited by devil21; 05-04-2016 at 01:56 PM. Reason: typo, .15% is correct figure
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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  3. #2
    Ah- the "internet birdie!"

    The Fed does meet in June but they have been discussing raising (or not raising) rates. The economy is not falling so it is unlikely they even consider negative rates at that meeting. "No change in policy" is the closest you will see to them going negative on rates.

    It is true that some banks are requiring ID for cash deposits as a result of money laundering issues.

    1) Banks are starting to send notices that accounts (personal and business) will be subject to mandatory "fees" starting in July. They will start small, around 1.5% of account balance monthly but subject to change at any time.
    I can't find anything on banks raising fees on accounts or charging 1.5% monthly on deposits (or any other rates). (1.5% monthly is not a "small" rate- it is about 15% a year- if a bank tried that, their deposits would move to another bank).
    Last edited by Zippyjuan; 05-04-2016 at 01:40 PM.

  4. #3
    Not an internet birdie but thanks for playing, Zippy.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  5. #4
    Peter Schiff?

    Federal Reserve article on negative interest rates published this week: https://www.stlouisfed.org/on-the-ec...sheep-clothing

    Interesting part and summary:

    At the end of the day, negative interest rates are taxes in sheep’s clothing. Few economists would ever claim that raising taxes on households will stimulate spending. So why would they think negative interest rates will?
    Last edited by Zippyjuan; 05-04-2016 at 01:46 PM.

  6. #5
    Quote Originally Posted by Zippyjuan View Post
    Ah- the "internet birdie!"

    The Fed does meet in June but they have been discussing raising (or not raising) rates. The economy is not falling so it is unlikely they even consider negative rates at that meeting. "No change in policy" is the closest you will see to them going negative on rates.

    It is true that some banks are requiring ID for cash deposits as a result of money laundering issues.



    I can't find anything on banks raising fees on accounts or charging 1.5% monthly on deposits (or any other rates). (1.5% monthly is not a "small" rate- it is about 15% a year- if a bank tried that, their deposits would move to another bank).
    You are correct, was a typo and now fixed. Meant .15%. That fits with where first foray into NIRP would probably start.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  7. #6
    Even in Europe, where banks face negative interest rates when they borrow from their central bank, they have been reluctant to pass those along to their customers. I see no reason negative interest rates in this country would be started by them. (Yes, there are accounts which pay no interest and have fees and could technically be called negative interest rates but they have been around a long time- like many checking accounts).

    http://www.sfchronicle.com/business/...es-6843638.php

    Q: How is this affecting the average person?

    A: Except in rare cases, banks have not passed on negative rates to retail customers. There have been isolated reports of banks paying borrowers who took out loans in Denmark and elsewhere. And small banks in Switzerland and Denmark have reportedly passed along negative rates to depositors.

    As they do with large customers, some banks charge small depositors fees that translate to negative yields. But banks have been reluctant to advertise negative rates.

    “The minute a depositor gets the notion that keeping money at the bank is a money-losing situation, why wouldn’t they just take their money home and keep it under the bed?” Albin said. He compared it to a run on the bank.

    “That’s the unraveling,” he said.

  8. #7
    Will you be updating your other predictions anytime soon?
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  9. #8
    Quote Originally Posted by TheCount View Post
    Will you be updating your other predictions anytime soon?
    No need. Most are coming to fruition or will soon enough so no need to update.

    I always appreciate when you and Zip jump on my threads. Always nice to receive extra verification from my stalkers.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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  11. #9
    Quote Originally Posted by Zippyjuan View Post
    Even in Europe, where banks face negative interest rates when they borrow from their central bank, they have been reluctant to pass those along to their customers. I see no reason negative interest rates in this country would be started by them.
    We shall see soon enough.

    (Yes, there are accounts which pay no interest and have fees and could technically be called negative interest rates but they have been around a long time- like many checking accounts).
    nm

    Post stands on it's own. Take it as you will.
    Last edited by devil21; 05-04-2016 at 10:09 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  12. #10
    Quote Originally Posted by TheCount View Post
    Will you be updating your other predictions anytime soon?
    Like the August/ September crash of 2015?

  13. #11
    Quote Originally Posted by Zippyjuan View Post
    Like the August/ September crash of 2015?
    I don't think you want to get into a historical post pissing contest since you've been busted literally thousands of times outright LYING on this forum (nevermind your sock puppet accounts like CPUd and 69360) and then disappearing when called out on it. So either stay on topic or STFU.

    Btw, I never said anything about which year, just September Sorry if I'm contributing to $#@!ing up your owner's timelines. You JTRIG boys sure do follow the 4 D's like good little soldiers...

    4 D's of JTRIG online shill operations:
    https://www.rt.com/news/five-eyes-on...deception-564/
    Last edited by devil21; 05-05-2016 at 06:29 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  14. #12
    Notice Zippy pulled the ol' "money laundering" thing regarding cash transactions.....always easier for the shills to point to that instead of the real truth that the NWO bankers want complete control and so that no one can own anything. If they get their way everything will be 'rented' from them and people will not be allowed to own anything at all, including the fruits of the own labor.



    Everything from the music you listen to, to the "money" you have will be allowed to you as long as you're a compliant 'citizen'. All digitized formats (which are remotely controlled) mean you will never actually own anything and everything can be removed/shut off if you don't go along.
    Last edited by devil21; 05-08-2016 at 09:44 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  15. #13
    LibForestPaul
    Member

    The sadness is that the people don't care, as long as the digital streams keep flowing.

  16. #14
    Bump
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  17. #15
    Are we in negative rate territory yet?

    so look for June FOMC to go NIRP or at least bring it up and go "official" NIRP in July.
    Last edited by Zippyjuan; 08-28-2016 at 01:30 PM.

  18. #16
    Quote Originally Posted by Zippyjuan View Post
    Are we in negative rate territory yet?
    Almost. Has the FED started raising interest rates?



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  20. #17
    Yes- in December. I guess you missed it. They never said they would do it every month or offer any specific time frames.

    http://www.cnbc.com/2016/08/26/fed-c...engthened.html

    Yellen: Case for raising rates has strengthened 'in recent months

    In a much-anticipated speech Friday at the central bank's annual Jackson Hole summit, Fed Chair Janet Yellen voiced optimism about the economy and an expectation that interest rate hikes are ahead.

    Speaking as the market wonders when the Fed will resume a policy tightening that began in December, Yellen issued some cautionary tones, but pointed to more increases on the horizon.

    The Federal Open Market Committee "continues to anticipate that gradual increases in the federal funds rate will be appropriate over time to achieve and sustain employment and inflation near our statutory objectives," Yellen said in prepared remarks.

    More pointedly, she added, "Indeed, in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months."

    After she spoke, Vice Chairman Stanley Fischer told CNBC the August jobs report being released next Friday "will probably weigh in our decision, along with other data that may come in."
    Last edited by Zippyjuan; 08-28-2016 at 01:33 PM.

  21. #18
    I underestimated their willingness to lie until the last moment. Banks are now charging fees on personal and corporate accounts and bond yields around the world are clearly signaling NIRP is in effect even if not all issues have effectively gone negative. It's never a sudden overnight change and as Zippy and TheCount will gladly explain the Fed does not "set" rates. It attempts to guide them aka "target" rate. We are under NIRP policy. It's a shame the bankers keep putting out disinfo in the meantime but it should have been expected, I guess. (I do think it will reverse in Sept, trigger a sudden sharp equities crash and then soon after it's QE to the moon.)

    Thanks for the bump since there is some news about cash tracking and conversion. If you have old $100 bills it is time to change them in for the new monopoly blue ones asap before the old ones are revalued or turn them in for hard stuff. Also, keep a stash of small bills for the banking system shutdown. That's been warned about for a while but governments are starting to sound that alarm so it's time to take it seriously.
    Last edited by devil21; 08-28-2016 at 02:00 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  22. #19
    Thanks for the bump since there is some news about cash tracking and conversion. If you have old $100 bills it is time to change them in for the new monopoly blue ones asap before the old ones are revalued or turn them in for hard stuff.
    They are going to "revalue" old $100 bills? So if I have one and take it to the store they won't give me the same change? (this has never happened with US currency- old notes have the same value as the new ones. They do replace them as they wear out though.). Link to the "news about cash tracking and conversion"? Or is this also from your "secret source" you cannot reveal?

    (I do think it will reverse in Sept, trigger a sudden sharp equities crash and then soon after it's QE to the moon.)
    Been hearing that since about 2009. You keep "predicting" a crisis which still has not happened. Maybe someday you will be correct (and ignore all the times you were wrong) as Peter Schiff does. QE ended in 2014.

    But "if Zippy says it is false it must be true!"
    Last edited by Zippyjuan; 08-28-2016 at 02:53 PM.

  23. #20
    Quote Originally Posted by Zippyjuan View Post
    They are going to "revalue" old $100 bills? So if I have one and take it to the store they won't give me the same change? (this has never happened with US currency- old notes have the same value as the new ones. They do replace them as they wear out though.). Link to the "news about cash tracking and conversion"? Or is this also from your "secret source" you cannot reveal?
    Old bills will be required to be turned in but with a service charge attached. What do ya know? A service charge for conversion would knock that old Benji down to less than $100 but the bank will be happy to give you these nice new Tubman $20's instead. Wouldn't you white people like to be reminded of slavery and the theft of your property under false pretenses every time you pay with cash? Guess what happens to that old Benji? Shredder. Voila! The removal of the vast majority of $100 bills as desired. Then only the blue ones are left and they're $#@! quality bills that won't last very long. Also a handy way to remove more currency digits from the average person's control. Also good for essentially repudiating bills held overseas that were not exchanged already through backdoor means available to insiders.

    Been hearing that since about 2009. You keep "predicting" a crisis which still has not happened. Maybe someday you will be correct (and ignore all the times you were wrong) as Peter Schiff does. QE ended in 2014.
    QE never truly ended. Now it's other central banks publicly printing to buy up the garbage that the Fed isn't publicly buying or the PPT buying from the Treasury building. Everyone knows by now that the CBs don't operate in a vacuum. They all coordinate policy. They like to keep up a facade of operating independently but that facade is failing.

    But "if Zippy says it is false it must be true!"
    I have learned that anything from an official source should be viewed in the exact opposite light of what is being proclaimed. 9 out of 10 times that angle proves to be at least more correct than officialdom's proclamation.
    Last edited by devil21; 08-28-2016 at 07:30 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  24. #21
    So no link, eh?

    QE never truly ended. Now it's other central banks publicly printing to buy up the garbage that the Fed isn't publicly buying. Everyone knows by now that the CBs don't operate in a vacuum. They all coordinate policy. They like to keep up a facade of operating independently but that facade is failing.
    Who is buying US Treauries and US Mortgage Backed securities? Which foreign central banks? How much? True some central banks are buying stuff- but local stuff- to try to stimulate their economies.

    I have learned that anything from an official source should be viewed in the exact opposite light of what is being proclaimed. 9 out of 10 times that angle proves to be at least more correct than officialdom's proclamation.
    National Science Foundation says the Earth orbits the sun.
    Last edited by Zippyjuan; 08-28-2016 at 07:30 PM.

  25. #22
    You sure are omnipresent on RPF these days. That's somewhat of a signal also but I digress...

    Quote Originally Posted by Zippyjuan View Post
    So no link, eh?
    Link to what?

    Who is buying US Treauries and US Mortgage Backed securities? Which foreign central banks? How much? True some central banks are buying stuff- but local stuff- to try to stimulate their economies.
    Ah, playing that officialdom game again, seeking official statements from known liars and hiders of operations. One only has to recall that it took an act of Congress to force the Fed to disclose $14 TRILLION in dollars doled out off the official record.

    Here's some fun links though


    Fed's $16T bailouts underreported
    http://www.forbes.com/sites/traceygr.../#76ff86606877

    National Science Foundation says the Earth orbits the sun.
    It's wise to question whether that's even true. Have you been to the sun? lol
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  26. #23
    Quote Originally Posted by devil21 View Post
    You sure are omnipresent on RPF these days. That's somewhat of a signal also but I digress...


    Ah, playing that officialdom game again, seeking official statements from known liars and hiders of operations. One only has to recall that it took an act of Congress to force the Fed to disclose $14 TRILLION in dollars doled out off the official record.



    Fed's $16T bailouts underreported
    http://www.forbes.com/sites/traceygr.../#76ff86606877



    It's wise to question whether that's even true. Have you been to the sun? lol

    Link to what?
    Link to the "news about cash tracking and conversion"? Or is this also from your "secret source" you cannot reveal?
    Didn't answer other question either.

    Who is buying US Treauries and US Mortgage Backed securities? Which foreign central banks? How much? True some central banks are buying stuff- but local stuff- to try to stimulate their economies.
    As for the $16 trillion allegedly paid out in bailouts during the economic crisis (totally off topic but anyways)- that was an accounting trick. Federal Reserve loans are over-night loans. If they are kept out another day, they are counted as a new loan even though the amount actually borrowed is the exact same. A $1 billion loan kept for 30 days was not counted as $1 billion in loans but as $30 billion- highly inflating the real value of the loans. Actual loans outstanding were less than $2 trillion. The loans were repaid with interest.
    Last edited by Zippyjuan; 08-28-2016 at 07:49 PM.

  27. #24
    Quote Originally Posted by Zippyjuan View Post
    Didn't answer other question either.
    Show me a subpoena and I'll honor your request

    As for the $16 trillion allegedly paid out in bailouts during the economic crisis (totally off topic but anyways)- that was an accounting trick.
    They're all accounting tricks. The entire system is an accounting trick. A trick designed to steal anything and everything of real value out from underneath those that don't understand that it is all an accounting trick.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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  29. #25
    Anybody looked at bond yields lately, particular the 10 year? They are in the 1.8%+ range and climbing. When I posted this thread they were in the 1.7% range. Then, in July/August they dipped down to 1.3%+ range. Do you see the trend, based on my posts in this thread? What it signifies is that the Fed has already raised the target rate, just like they went NIRP when I said they would. They just never announced NIRP. Their partner CBs did and yields around the world proved it. It is proof of concept that the Fed makes rate\
    moves months in advance of telling the public, if they tell the public at all. The banks know. The public doesn't. Then, when they announce the moves they have already made it comes as a "surprise" and the stock market reacts accordingly. A well scripted show. Ever wonder why CNBC's Fed mouthpiece of Steve Liesman? Because Steve lies, man!

    This is why they refuse to have FOMC operations audited or release actual transcripts of meetings, only minutes. It would prove the fraud they have been perpetuating for so long.

    I suspect November is a "live" meeting even though they have been insisting it isn't.

    Btw, this is the nutshell basis of the Luciferian doctrine that the bankers follow. It's a system of lying without remorse. Only they know what the truth is and are thus enlightened (Illumined) while lying to everyone else.
    Last edited by devil21; 10-15-2016 at 05:23 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  30. #26
    Bond rates rising is a sign of negative interest rates?

    What it signifies is that the Fed has already raised the target rate, just like they went NIRP when I said they would.
    Raising rates is not going to negative interest rates. (the Fed only sets rates that banks can borrow from the Fed at- they don't set bond or Treasury rates unless they are purchasing or selling those securities and they aren't doing that. Target rate is just that- a target. It isn't a fixes number. What rate do they target? The rate banks can borrow from one another. More info: http://www.investopedia.com/terms/t/target-rate.asp

    The Fed has never adopted negative interest rates.

  31. #27
    ^^^^^^^^^^
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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