Negative interest rates.
Now this Republican Party President is calling--publicly--for negative interest rates.
Trump Calls for Fed’s ‘Boneheads’ to Slash Interest Rates Below Zero
That’s it.
Trump now has everyone, everyone who has any savings against him. Every senior citizen. Every retired person, everyone.
And it's not enough he not only thinks this is a good idea, either. He has to think it, then publicly put it out there--economists be damned--and then insult the economists at his own, our own Federal Reserve.
You'd think he was 6 years old with this stuff.
And banks. Forget about banks. They won’t be behind this. They can’t be. It destroys the reason for having your funds with them.
What an idiot.
This is precisely what you get, what we all get when an emotional, uninformed, irrational person with no economics background is purchased as your leader, your President.
He's a businessman. It's all he's ever been. It's the only way he can think. Sure he wants negative interest rates. Naturally.
Idiot.
Thanks, Republicans! Once more, thanks very much.
