Seen on the street in Kyiv.

Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

“The Mob takes the Fifth. If you’re innocent, why are you taking the Fifth Amendment?” -- The TOFF *

"Foreign Relations Boil Down to Two Things: Talking With People or Killing Them." -- Unknown

"If you believe that you are talking to G-d, you can justify anything.” — my Dad

"Colt .45s; putting bad guys underground since 1873." -- Unknown

"Stay Strapped or Get Clapped." -- probably not Mr. Rogers

"Eck!" -- George the Cat


* "TOFF" = Treasonous Orange Fat Fuck, A/K/A Dolt-45,
A/K/A Commandante (or Cadet) Bone Spurs,
A/K/A El Caudillo de Mar-a-Lago, A/K/A the Asset.

Tuesday, December 16, 2008

Money For Nothing

The Federal Reserve cut its benchmark interest rate to zero to .25%.

So if you purchase a short-term T-bill, it is possible that you may get a negative interest rate, which means that you have to pay the government to hold your money for you.

3 comments:

BadTux said...

There will be no negative interest. At that point, folks will simply start shoving greenbacks under their mattresses. Let's see, do we buy ten thousand dollars of treasury bonds and pay $10,500 for the privilege, or do we buy 100 $100 bills and shove them under our bed? Hmm...

- Badtux the Depressed Penguin
(Hey, we're in a depression, so why not?)

Distributorcap said...

the govt couldnt pay me enough to take my money out of the mattress

Anonymous said...

The only folks who get that low rate are the damn bankers. Check the rate you pay for your credit - if you're lucky enough to have some.