Article

2015-09-28 -Short Attention Span Theater-

How Sweden's negative interest rates experiment has turned economics on its head

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Posted by gorb 2015-09-28 13:47|| || Front Page|| [9 views ] Top

#1 Mattress sales boom!

Posted by Procopius2k 2015-09-28 16:08|| 2015-09-28 16:08|| Front Page Top

#2 These high face values notes "are there to finance the drug deals", Mr Goodhart said ... Sir Charles Bean, also a former deputy governor at the Bank of England, echoed Mr Goodhart's concerns.

He said that was "all in favour of getting rid of big-denomination notes, which are used in the black economy".

Look for the MSM to start concern trolling over how cash only serves criminality.

First, a trickle, then a stream, then a flood of stories.

"Why do need that cash, citizen? Isn't your digital state allowance enough for you, hmm?"

Posted by charger 2015-09-28 16:19|| 2015-09-28 16:19|| Front Page Top

#3 Devaluation by another name.

Posted by Shipman 2015-09-28 16:29|| 2015-09-28 16:29|| Front Page Top

#4 The problem is it works like a pyramid scheme. Only the countries that start this benefit and you get a diminishing return for every country that continues until the whole system falls apart as people start keeping their money.

Personally if a bank started charging me on my savings I would pull it out and work only with paper money or tradable goods.

Posted by DarthVader 2015-09-28 17:10|| 2015-09-28 17:10|| Front Page Top

#5 How do you keep your money safe? I'd pay a bit for them to hold onto it so I could leave my house and not have to worry about it. If everyone had their savings at home, burglaries would get out of control. A state of semi-anarchy would ensue.

Posted by gorb 2015-09-28 20:15|| 2015-09-28 20:15|| Front Page Top

#6 How do you keep your money safe?

Safety deposit box. Fixed monthly fee as opposed to % of total assets.

Posted by Sven the pelter 2015-09-28 20:38|| 2015-09-28 20:38|| Front Page Top

#7 You think it's safe in a BANK?

Posted by Glenmore 2015-09-28 20:39|| 2015-09-28 20:39|| Front Page Top

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