Sunday, August 28, 2016

Negative Interest Rates: A Tax in Sheep’s Clothing … A negative interest rate is just a tax on the banks’ reserves. The tax has to be borne by someone: The banks can choose not to pass it on and just have lower after-tax profits. This will depress the share price of banks and weaken their balance sheets by having lower equity values.

 Thoughts from around the internet...everyone sees what cashless and NIRP really mean - CONTROL AND THEFT OF WEALTH.


Giving a small group of individuals the power to decide on the value and volume of money is a ludicrous concept from any standpoint. But the problem is abetted by the mainstream narrative that never discusses the underlying lack of logic.

 The mechanism of central banking is purposeful ruin. The end-result of this ruin is global governance. In the short-term this goal is disguised by an academic patina. But the long-term goal, an increasingly apparent one, is a brutal restructuring of the lives of seven billion people to benefit a handful of elite controllers.

 Negative rates should be integral part of central bank policy options … Central banks should make negative interest rates a fully integrated part of monetary policy in order to respond effectively to future recessions, according to an academic paper presented on Friday to some of the world’s top central bankers.  “It is only a matter of time before another cyclical downturn calls for aggressive negative nominal interest rate policy actions,” concludes Marvin Goodfriend - what a deceitful name, a professor of economics at Carnegie Mellon University and a former policy adviser at the Richmond Federal Reserve bank.  – Reuters (this man is a devil hiding under a cloak of academia and, BTW, what future recessions? we've been in the greatest recession for over 8 years and counting. This is why the front men for the machine of evil use pugs like this in jobs that pay nearly half a million dollars a year in salaries, because they sing the song of new world order and everyone trusts them because they have..."credentials.")

The problem with real money, banks can't make any money out of it every time is changes hands.
Thank god for counterfeit money, which is just one's and zeros stored on a computer somewhere.
Central Banks can move it around, create it, delete it and there's no record of it, that's why the Pentagram has "lost" over 9 Trillion Dollars, but it's pretty hard to loose something that never actually existed in the first place except inside a computer.

 - If they were serious about reducing crime, etc., they wouldn't allow big banks (eg, HSBC) to launder illegal monies for countries and drug cartels.
 - If they were serious about reducing income tax evasion, they wouldn't allow big corps (eg, Apple) to offshore their profits.
 - If they were serious about reducing corruption, they wouldn't allow big money in politics (eg, Citizens United ruling). Clinton is a poster-child for corruption, but I doubt she's ever received an envelope stuffed with $100 bills.
As most here realize, this is all about forcing the 99% into digital currency so they can be more easily controlled thru neg rates. Problem is, how do we get the masses to wake up to this grim future? I don't have the link handy, but Grep Ip of the WSJ recently wrote a piece praising more of the same from Rogoff about the evils of cash. All this is doing is giving the govt cover from "deep-thinking academic experts" to enact these draconian yet idiotic policies.

 This is very scary mainly because I see no resistance to the trend. One day I will wake up and cash will be gone and along with it all individual freedom ( whatever is left of it today.) 

 Beware the Money Changers.

the result of a constriction of credit and money, abject poverty for a nation