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Couching negative interest rates as wealth preservation fees is ridiculous. We already have mechanisms to charge for wealth preservation. Why is something so ro
by wavepruner 7y ago
Couching negative interest rates as wealth preservation fees is ridiculous. We already have mechanisms to charge for wealth preservation. Why is something so round-about as negative interest rates required?
Because it's not about charging people for wealth preservation. It's about encouraging people to spend money that is created out of thin air on things they don't need so the economic indicators look good and the masses are "fully employed". Many of the jobs in this setup tend to be selling addictive substances, addictive entertainment, and extracurricular actives that are hard on the environment.
I don't know about y'all but I think an economy based on what people actually need is essential for human survival and sustainability.