Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
jsmineset.com / by Bill Holter / February 1st, 2016
Dear CIGAs,
Japan announced negative interest rates Friday which caused a bounce in Europe and then in the U.S.. It is as if “they saved the world”! I have just a couple of comments before digging in to this, first, “why didn’t someone think of this before” and “if it were only this easy!”.
Last summer as negative interest rates began to appear in Europe, especially BETWEEN financial institutions I wrote this http://www.globalresearch.ca/negative-interest-rates-debt-is-better-than-cash-whos-running-the-monetary-asylum-anyway/5444901. Rather than write a complete rehash today on negative rates I encourage you to read a past missive as the mission for today is to look at this from a very broad perspective.
Of course there are all sorts of ramifications with negative interest rates. The most obvious is how it will affect the banking system? Negative rates on deposits will certainly prod some to withdraw actual currency and dig a hole in their backyard. It is said negative interest rates can (will) cause a bank run while others believe a move to digital currency will be used to stem the ability to withdraw from the system. Both of these thoughts are likely.
It must be understood that all monetary policy over the last 100 years has been an effort at “reflation”. All monetary policy has been about “growth”. Before you start screaming at me and calling me naïve, I am not talking about economic growth or “for the good of the people”, I am talking about expanding and assuring the global financial PONZI SCHEME continues! You see, for the first 70 years or so, expanding the amount of debt was easy as assets and unencumbered collateral of all sorts were available to be lent against.
The post The Time for REAL Insurance has NEVER Been this Great! appeared first on Silver For The People.
Thanks to BrotherJohnF