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Bingo. This is precisely the message that the market is sending to people who hope to horde their wealth.
“This is how it will be with whoever stores up things for themselves but is not rich toward God.”
“This is how it will be with whoever stores up things for themselves but is not rich toward God.”
Wow yeah, this whole section really is about the carrying cost of capital. Particularly the highlighted bit. Great connection @trdraaron biblegateway.com/passage/?searc… 
This is precisely the idea that I was trying to get across in this thread, but not surprisingly, Jesus put it much more succinctly.
Birdyword got it right away
Turns out the Quran also talked about negative rates. From the DMs quran.com/9/34
The Bible: If you hoard grain, you won't be able to keep it.
The Quran: If you hoard gold and silver, you will be punished.
Yieldbugs: "Waah, the Fed is preventing me from getting risk-free positive returns"
The Quran: If you hoard gold and silver, you will be punished.
Yieldbugs: "Waah, the Fed is preventing me from getting risk-free positive returns"
@trdraaron A day after tweeting about Jesus and hoarding wealth, I got this in my inbox
