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The current financial system worldwide looks quite suspect right now, negative interest rates could soon become a new norm in the EU even officially in retail.
by dagaci 7y ago
The current financial system worldwide looks quite suspect right now, negative interest rates could soon become a new norm in the EU even officially in retail. Most importantly political leaders in the US(and EU) have scaled up their massive money-printing schemes designed to keep their banking-financial overlords in business.
With that in mind, the very last thing the EU and US authorities want is for the people who (mostly unwittingly) underpin the actual value to have an Exit from this type of controlled use of inflation into an alternative currency backed by say gold and other hard to inflate commodities, because allowing any significant amount of that.. (remember the true impact is inverse of the real fractional-reserve in play) would lead to a collapse in the power of the existing political-financial hegemony.