Comments by "SmallSpoonBrigade" (@SmallSpoonBrigade) on "INTEREST RATES WENT NEGATIVE | GOODBYE SAVINGS" video.

@djangomarine6658 Nope, there was a time when that was the case. These days, how the people vote is largely irrelevant as there's often nobody worth supporting. Just look at the Presidential race, the election fraud that the DNC committed ensured that the people's will wasn't going to be the nominee, no matter how many people voted for a particular candidate. It was all about them putting their thumb on the scale to get somebody that the voters would approve of. The only factor that tracks with the results is the campaign donations. It doesn't matter that majorities of both parties support universal healthcare, we can't have it because the donors don't need it and aren't willing to give up the control they have.
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I wish the government would start appointing competent people to run their response to the economy. Short term deflation isn't an issue, it just encourages people to hold onto their money. The constant inflation is part of why so many Americans didn't have any savings coming into the pandemic. Year after year, the Federal Reserve was purposefully injecting money into the system to artificially guarantee that debt was cheaper to service. The problem with that is that for those that don't have the money to be properly invested, you're losing 2-3% to inflation, but being paid at most 2% interest, which means that most Americans were already seeing an effective negative return on their bank balances. Which when coupled with the failure of wages to keep up with inflation tended to make people poorer. This is even before you account for people making poor decisions about money or being tricked into paying outlandish fees.
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@Tonixxy You get it. Deflation for brief periods is part of a healthy economy. The alternative is having constant inflation where only those that can afford to invest in inflation resistant things like stocks can keep up. Bank interest that you get for savings accounts tends to top out at about 2% which means that you never get ahead, you're operating with negative interest. With negative interest, you would be losing even more money than you would right now by storing money in a regular savings account. For those with enough money to be prudently invested, it will make a difference, but for the poor, it likely won't as the poor are more likely to be without even a savings account anyways.
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TBH, it looks like this summer will be a great time to buy, assuming that the Federal Government continues to refuse to properly respond to the current crisis. There's likely to be a ton of foreclosures on top of people not buying property if they don't have a solid job locked in with enough pay to cover the expenses.
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