Negative Nominal Interest Rates: Highway to a Cashless, Statist Hell
I warned about this in part two of my 2.5 hour Economics Video Presentation back in November of ARSH 2012, and, sure enough, it has now happened.
Mario Draghi, chief psychopath of the European Central Bank went full-stupid on June 5th and announced mandated NEGATIVE INTEREST RATES on the excess reserves of European banks held and the European Central Bank (which is the equivalent of the Federal Reserve Bank in the U.S.). What does this mean? Click here to learn more...
As you can see in the article linked above and countless others, the publicly stated rationale behind this negative interest rate paradigm is “stimulus”. If the banks have to pay to store cash, they will instead lend their excess cash out to customers rather than have a percentage confiscated every month. This is utter bee-ess on multiple levels. These top-tier central bankers know that negative interest rates have NOTHING to do with stimulus, and will, in fact, lead to exactly the opposite. In fact, they know that the inevitable outcome of negative interest rates is the complete nationalization of the banking sector and total governmental control of all capital flows – which means today a CASHLESS ECONOMY. Yup. If you’re interested, I’ll walk you through the chain of events and differentiate between the propaganda that will be used to justify this evil and the reality of how the world actually works.
Okay. That’s easy to understand, right? Well, the propaganda coming from the Banksters and willingly regurgitated by the useful idiot class is that negative interest rates will absolutely, positively result in increased lending by banks and thus “economic stimulus”. And bear in mind, they have been bleating EXACTLY the same line of crap in regards to “quantitative easing”. They have been saying for YEARS that all of the money printing done by the Federal Reserve and European Central Bank would provide “stimulus” in the form of increased lending. And, as we all know, that didn’t happen. All that has happened is that the Banksters have taken the “new money” printed by the Central Banks and pumped it into the stock and derivatives markets, thus blowing a massive, unprecedented bubble. But Joe Schmoe still can’t get a loan to open a business. The evil, malignant Banksters KNOW that the whole stimulus meme is a lie. The useful idiots are so indescribably stupid that they can’t comprehend simple logical progressions even when they have a current experiential dataset right in front of their faces that clearly demonstrates the fallacy: not only does QE and other forms of synthetic “liquidity boosting” NOT stimulate the economy, it actually depresses it even more.
Negative interest rates will be a cost to YOU in two ways. Find out here, how and why.
This is a backdoor way of confiscating collateral from the people and using it to RECAPITALIZE THE BANKS. And also pay the bankster oligarchs’ eight and nine-figure salaries and compensation packages, which, let’s be honest, is their top priority.
Read more to understand the horror about to befall you... Ann knows her shit and is more than willing to tell us all about it. We should be listening... Want to know more??? Click here.
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