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Author Topic: Cash will be abolished & negative interest rates via bank accounts enforced  (Read 1537 times)
johnyj
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September 23, 2015, 01:40:50 AM
 #21

In Switzerland and in Germany there are already 0.1% negative interest rates and I don't see millions of people rushing to the banks!

It is very interesting to see the banks testing the baseline of people's tolerance: If that tolerance seems to be extremely high, then they would add another 1% negative interest, and if still no one complains, they add another 1% ... Until at some point it suddenly failed altogether

Every one is a lab rat in the banker's monetary laboratory, while the Satoshi laboratory is testing exactly the opposite: They add interest 16% per year, regardless of people's reaction, which drives people crazy  Cheesy


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September 24, 2015, 06:04:25 AM
 #22

What sounded like a conspiracy theorist's rantings only a few years ago is rapidly becoming reality. 
 
Look at this: 
Negative interest rates could be necessary to protect UK economy, says Bank of England chief economist

http://www.telegraph.co.uk/finance/bank-of-england/11874061/Negative-interest-rates-could-be-necessary-to-protect-UK-economy-says-Bank-of-England-chief-economist.html 
 
Soon cryptocurrency will be the only 'free' money left.  If you want to use government backed currency, you will be forced to use a bank.  If you want to continue using a bank, you will be forced to pay for the privilege.  Instead of banks competing to give you the highest interest rate, they will compete to take as little of your money as possible.   
 
Holy shit.  It's really happening. 
 


What else is new we shouldn't be shocked to this kind of news like we should be already immune to this kind negative interest is pretty normal these days.
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