Germany for First Time Sells 30-Year Bonds Offering Negative Yields

Re:Germany for First Time Sells 30-Year Bonds Offering Negat... by AdrianB1 on Wednesday August 21, 2019 @04:20PM (#20761254)

Not counter productive to the society: as money have nothing behind and central banks can just print it, they can print or electronically grant any amount to anyone needing it. This would not affect the trust in the value of the money because there is no such value. What is $1 or 1 Euro backed by? An ounce of Moon dust?

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Re:Germany for First Time Sells 30-Year Bonds Offering Negat... by avn2109 on Wednesday August 21, 2019 @04:30PM (#20761385)

The fundamental demand for dollars and euros is caused by the fact that every April, you need to have a bunch of them. And if you don't, eventually men with guns will take you to jail.

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Re:Germany for First Time Sells 30-Year Bonds Offering Negat... by AdrianB1 on Wednesday August 21, 2019 @08:34PM (#20763485)

It is different here, you don't pay the taxes yourself, they are subtracted from your salary by the employer and paid on your behalf. it is not a service you receive, the state does not trust you will pay. When you leave half of the salary on the pay day and then pay another 20% taxes on anything you buy, not many people would pay something in April, even with the men with guns threat.

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Re:Germany for First Time Sells 30-Year Bonds Offering Negat... by Scoundreller on Wednesday August 21, 2019 @10:46PM (#20764186)

It’s a funny system where citizens aren’t trusted but corporations are.

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Re:Germany for First Time Sells 30-Year Bonds Offering Negat... by perl4ever on Wednesday August 21, 2019 @10:17PM (#20764028)

In the US, the government also withholds taxes from your paycheck, and in other circumstances.

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