Abraham, the Visit at Mamre, the Significance of 3 / Money Is Not Real and Negative Interest Rates in Poetry
- May 5, 2020, 9:14 a.m.
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Abraham, the Visit at Mamre, the Significance of 3 [Video]
Edinger, The Bible and the Psyche Individuation Symbolism in the Old Testament, p. 32
The heat of the day due to the “hole in hell” alludes to the affective intensity that accompanies the activation of the unconscious, and corresponds to the fire and brimstone that were rained on Sodom and Gomorrah (Genesis 19:23). The same event is healing and inseminating to the “righteous” aspects of the psyche and is experienced as destructive fire by the “sinful” aspects. Highly significant psychologically is Abraham’s remonstrance with Yahweh in an effort to mitigate his wrath (Genesis 18:16-33). Through his efforts, Lot and his family are saved.
Money Is Not Real and Negative Interest Rates [Video]
Can banks individually create money out of nothing? — The theories and the empirical evidence, p. 1
This study establishes for the first time empirically that banks individually create money out of nothing. The money supply is created as ‘fairy dust’ produced by the banks individually, “out of thin air.”
For a little bit of knowledge about negative interest rates
https://www.investopedia.com/terms/n/negative-interest-rate.asp
Why you should have a Land Patent
woman in the moon ⋅ May 05, 2020
I'm glad someone is talking about this. But say - what happens to the money I have in the bank now?
Raphael Tiriel woman in the moon ⋅ May 05, 2020
If you are talking about if it goes negative, then you would be charged a monthly fee for the bank to hold your money. The negative interest means that the banks want you to spend money and not keep it with them, so they will pay you to take loans out.
Is this what you are talking about?
woman in the moon Raphael Tiriel ⋅ May 07, 2020 (edited May 07, 2020)
Edited
Yes. I remember the 1980s when farmers (and a lot of other people) got in trouble because interests was very high - up to 20%. At that time I had no money - we tried not to borrow but sometimes had to. Now I'm old and I've worked and tried to be careful with money, and I have some saved-- and NOW interest is 1% or less. The prospect of paying to bank to take my money makes me feel badly treated. Oddly enough last year interest rates went up a bit - and I could see my money grow some - but that's over too.
Another thing about interest - I've always understood that interest had to be UP some in good times, so that it could be lowered in bad times to stimulate the economy. Negative interest takes away that tool during bad times. Right?
I understand there is a different between interest paid and interest earned - there is a margin for the money holders, banks, lenders, profit makers, etc.
Did you ever read the book or see the movie of 'Bonfires of the Vanities'? The Tom Hanks character is a bond/securities dealer and his wife explains what he does to their kids by saying it's like passing out pieces of cake and keeping a crumb from each piece. Devastating scene in both book and movie.
Raphael Tiriel woman in the moon ⋅ May 07, 2020
Interest rates can be used for different reasons, but yes, normally during good times interest rates are up to control the money supply so that inflation does not occur. The opposite is done with lower interest rates when times are bad to cause inflation to boost the economy. During good times you want to restrict the money supply so that there is not too much money to devalue the dollar and cause inflation. During bad times, you want to lower the interest rate so that there is more money to move around to jump the start economy. The economy is based on faith and you have faith is you spend a dollar, so the economy depends on the movement of money. Money is not necessarily meant to be saved because that hurts the economy.
I haven't read or seen either, but I'll keep it in mind. Did I help to explain things?
Oh so in a negative interest rate, people would want to start a business because the bank will pay you to start the business.
woman in the moon Raphael Tiriel ⋅ May 07, 2020
so in a negative interest economy that is going bad, the negative interest would have to go up stimulate more borrowing?
Remember taxing wealth was a thing in the Dem primary for a while? I never understood, were they going to take 1% or half a percent off the top of everyone's wealth? I get it as a stimulus to the stock market too. When there is no interest paid on savings you may as well by a farm or shares in a company with the HOPE they will gain value.
Am I making sense?
Raphael Tiriel woman in the moon ⋅ May 07, 2020
To clarify, in a fiat system, tax the wealthy or the money makers is not a good idea because you are calling debts in so there will be less money in the economy, especially if businesses stop creating loans. People do not realize how much some companies literally make on a dollar like Kroger makes six cents per dollar.
Yes, you are right. Why keep money in the bank that will be eaten up by fees when you can get paid by the bank to get a loan. It reverses the banking process.
woman in the moon Raphael Tiriel ⋅ May 08, 2020
something to think about too is capital. It takes money to do things, to start businesses, to maintain them, to own anything. There are very few truly self-made men or women. Someone had to help them, or own parts of the business. Capital is money, property, knowledge, various things. Also capital has to be built. Someone has to have made profit and SAVED it so that there will be capital. Right?
Raphael Tiriel woman in the moon ⋅ May 08, 2020
Money is debt too. You have to go in debt to live life and then build yourself up.