TIDBIT: WHAT ABOUT THOSE NEGATIVE INTEREST RATES? PROFESSOR: ...
February 14, 2016 / /
Here;s one to ponder, shared by Mr. V.T.:
Help the Community Grow
Please understand a donation is a gift and does not confer membership or license to audiobooks. To become a paid member, visit member registration.
Negative interest rates are tied to: gofo rates on gold.
The banks have to stop physical gold[as opposed to paper gold]
from taking the commanding heights from the dollar.
Some of you may be aware that the Corbett Report website is doing an open-source investigation on the “war on cash” to collate all of those oligarch pronouncements on the alleged advantages of digital currency.
A curious note: the trend in Italy seems to be counter to the bankster line in this respect. After several years of gradually tightening the cap on cash payments down to 1000 euro, it has been unexpectedly tripled up to 3000 euro for 2016.
To allow ‘cash flight’ for those knowing the agenda? After all, Italy is one of the next countries in the IMF/BIS/DeutscheBank ‘sights’…
we’re looking at all the vast and varied dialectics that distract us from the one dialectic that is not false and not impertinent:
the false retail parasitic economic system that works against all the masses and the real economic system that underlies it all and controls everything
i’m guessing the central banks take care of their shareholders while steadily carefully depleting all the rest of the banks, their shareholders and their depositors.
so where do we go? buy what that will hold value? what assets can we use to build life? clearly the govt and corp systems are designed as part of the retail parasite to tax every asset we can hold.
these details are not much worry for those who run the real system. from the first day of the bank of england, mr global and all his progeny have moved slowly and steadily toward the centralized orwellian nightmare we’re reading about here.
don’t know that i’d be fine with being the last powerful man standing in the world of 1984 and/or farhenheit 451 and/or thx1138. seems as pointless as
can’t ya just see tesla and clemens sitting around tesla’s apartment into old age sipping drinks and considering plausible but different endings?
so how has mr global improved on the yankee’s scenario? another rollover of breakaway societies clearing the earth of poor and almost poor folk and their knowledge of the parasites that made them poor? a little genocide here? a bit of newspeak there?
no wonder cancer treatments are considered positive in determining gdp.
Are these people really economist or are they part of a cult I will name Economology the belief in economic-religion belief system. They seem to be unable to comprehend how the economic system works either they born criminals or are completely clueless as to how the World works or both.
In following up my MIA posts in regards control/negative interest[being held in limbo modulation] of global empire; there is a line of postindustrial, knowledge, and/or creative work that is linking ideas of autonomy and struggle that emphasizes not the right and power of corporations to control life in the named of the profit god; but the way workers’ desires exceed, challenge, and escape that CONTROL. Thus, it is CAPITAL’S attempts to constrain this autonomy w/in the limits of profit that lead to recurrent cycles of struggle[against modulation]. It is actually often these struggles that drive capital forward to new horizons[negative interest rates/bail-ins], as capital attempts to crush, or co-op and capture resistances, deploying new technologies, new global locations[China/India] in a frantic flight into the future. These new caustic conditions adds fuel to ongoing global fires struggling to create conditions for fresh sparks of explosive conflicts worldwide.
Either something is technically amiss,
or the modulator is taking steroids.
Anyhoo, a succinct way to simplify all the above is this:
Empire is a mere apparatus that lives off
the vitality of the masses.
This attempt or experiment to abolish or make it difficult to access cash was tried in northern Norway 2 or 3 years ago. It did not work, there was an uproar, because too many people were using cash in their daily life purchasing habit, especialy among the elderly generation that maybe had memories of the bankruns in th 30thies. Money is cas in your wallet. But, what I now see, the younger part of the population, generally, are using digital money. I am not.
This illusion of wealth creation in western scieties has a dubbel edge sword. The creation of the middle class and also the good income for the working class was partly a result of the war machine created after WW2. Remember what col. Fletcher Prouty told us, the west gave the thechnology to shoot down the helicopters in Vietnam to the Soviets. I think the number of losses was about 5000. And also, the day bombing of Germany, with the heavy losses of bombers and young males. Who benefited? The manufactures and their employes. This was a great “wealth creation” that spread also to other countries.
When manufactories were exported out of US and Europe, I remember we had 16 shoe manufactories in Norway in the 60thies, the game changed. The wealth creation became a financielized game, and I think this met at a saturation point about 90 month ago when low interest rate was forced. I think this is a death for our annuities that should prevail the future income for the retirees, the so called babyboomers, which I am a part of.
But there is more to the story. You are young, are a graduate, have a relative good salary. You buy a house, 6 % interest. What is the end af this loan. Not 6 % interest, more than half it is interest. Then you buy a new car, several times, because your car ends up as a piece of crap after 12 years. The bank that issued your loan, they created the loan out of nothing, demands interest. An enormous wealth transfer. The bank is rich, I am not, but manage.
This negative interest policy is the last nail in the coffin to fleece the middle class and working class of what they have left of liquidity or savings in the banks in the West. My take, every bank will go under when the last coin is collected, digital or cash, not only the small one wil go under.
Then, there will be a restart with the same players of the game. And our politicians and the central bankers are coming up with their normal, akward excuses of the situation, “we did not understand what happened”….
It’s on the road to a cashless society where the key virtue is predictability and control the process. To counter this are other forms of banking, including public banking.
Max Keiser’s last two shows focused on this negative interest rate issue with Ellen Brown of the Public Banking Institute.
It can be accessed by attached link below.
“You want to put your cocaine on Debit or Credit card?” Nope. Can’t see cash going away until the CIA is fine with it’s lose of income.
Now there’s the rub.
Good point Maximus.
splains the legalization of everything
and big pharma’s taking over growth, processing and marketing of everything
anyone try growing their own tobacco lately?
The End Game is afoot. The PTB / FedGov.Inc / AngloSpherians are making the big push to formalize / codify World Domination and bring forth their Borg like World Collective. Where we, like all commodities are to be sold to the highest bidder and used up. Whether or not, they’ll be successful is the big question. I do believe they will fail. But, they will make it tougher than it already is. It’s time we all pull a Ghandi and walk away from their game.
Just part of the plan to render the ninety nine percent of us useless eaters. Therefore ripe for culling they don’t need us for anything anymore they have gone beyond capitalism, socialism, mercantilism, communism. They want to embezzle and pauperize everyone bank accounts stealing to the nth degree. The elites are so out of touch that they have no idea how anything works they mistake their fantasies for realities. When they finally wakeup if they ever do what are they going to eat and who will serve and protect them we their slaves will be all dead.