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13823095 No.13823095 [Reply] [Original]

https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

One option to break through the zero lower bound would be to phase out cash. But that is not straightforward. Cash continues to play a significant role in payments in many countries. To get around this problem, in a recent IMF staff study and previous research, we examine a proposal for central banks to make cash as costly as bank deposits with negative interest rates, thereby making deeply negative interest rates feasible while preserving the role of cash.
The proposal is for a central bank to divide the monetary base into two separate local currencies—cash and electronic money (e-money). E-money would be issued only electronically and would pay the policy rate of interest, and cash would have an exchange rate—the conversion rate—against e-money. This conversion rate is key to the proposal. When setting a negative interest rate on e-money, the central bank would let the conversion rate of cash in terms of e-money depreciate at the same rate as the negative interest rate on e-money. The value of cash would thereby fall in terms of e-money.

>> No.13823152

>>13823095
Holy fucking shit niggers

>> No.13823170

None of this shit matters when it takes 15 fucking years to implement I’m trying to be rich now not when I’m in a nursing home REEEEEEEEEEEEEE

>> No.13823201

>>13823095
>This conversion rate is key to the proposal. When setting a negative interest rate on e-money, the central bank would let the conversion rate of cash in terms of e-money depreciate at the same rate as the negative interest rate on e-money. The value of cash would thereby fall in terms of e-money.

congrats on this. seriously.

>> No.13823210

Lmaooo governments are only picking up Sv soooo

>> No.13823236

>>13823170
bomb token or WAU coin if you want it fast. BTC, ETH, and XMR if you're willing to wait until BTC tops in 2 years. BNB is a smart buy too.

>> No.13823301

>>13823095
I don't think this is enough to devalue cash. Normies don't realize that there isn't enough cash in existence to cover all the electronic money, or that bank runs are even a thing. The value of cash will skyrocket in the weeks after a major recession due to how rare it is relative to electronic money. The central bankers plan to put a negative interest rate on cash makes no difference because once the whole ponzi is exposed, nobody will want to convert to this new e-money in the first place and will spend cash directly with merchants at a big premium relative to the e-money. I plan to build a small emergency fund with 15k of cash in a safe for such a situation

>> No.13823317

>>13823301
that's great until they outlaw cash entirely

>it's an economic emergency, we have no choice but to....

>> No.13823411

>>13823095
Best high yield stocks are REIT's, Real estate investment trusts, O, STAG, and LTC are some of the better ones. MGM and Caesars palace operate casino REITs too.
Whole life insurance isn't strongly correlated to stocks and pays around 7 % a year too.
I own more than 20 dividend paying cryptos and most are shit. NEO and KCS are the best out of the shit. I bought more FYP token today because it's at a penny and they pay dividends from an accountless DEX called flyp.me. Coinmetro, Bitmax, Coss, aurora dao, there's too many to count

>> No.13823432

>>13823301
nigger banks create cash out of thin air

>> No.13823448
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13823448

FUCK CENTRAL BANKING

FUCK CENTRAL BANKING

>> No.13823637

>>13823317
outlawing things usually makes the price go up, ask the drug cartels

>> No.13823891

>>13823432
No, they create digital money out of thin air but not cash

>> No.13823916

>>13823891
digital money and cash are the same thing, you are thinking of banknotes and coins

>> No.13824509

>>13823916
Best money is deflationary. WAU coin and BOMB token are deflationary and that's why their price always goes up

>> No.13825074

Buy FYP on the Flyp.me DEX it's at a penny and pays dividends. It's one of the few accountless dexs and they do monero swaps. US needs a VPN to buy the FYP token though. pays dividends every quarter for over a year, just hold FYP in an ETH wallet
Buy another scarce token in Bomb Token only 1 million total supply and 1% of TX is burned forever. Coin has only 2 months in existence. Smart entry point now at 1.21 a day after the coinmarketcap listing pump retraced. US has to use a VPN to buy on DDEX or buy on shady mercatox exchange. This one is still small with tons of room to grow.
Buy 32 ETH so you have enough to stake by yourself, even if you don't, when Casper or 2.0 is finally done.
Buy WAU coin on the Waves DEX. Only a million in circulation. Price goes up every single day except 2 over the last year plus. It's only traded against waves native token but the company behind WAU coins has airdropped over $4,000 to me for holding my $100 buy. no one even follows the reddit, 4 followers. Over a year of this one dude or team posting updates on new all-time highs but no one gives a shit. Crazy that they're all buying bitcoinSV and XRP
Buy XMR. An alt with an actual use case and a large devoted user base.
Buy BNB the worlds largest crypto exchange decrease supply with a 25% buyback and burn 4 times a year.