JP Morgan How Low Can You Go Negative. - Pay Cash Only Movement

In case anyone believes that negative interest... - Pay Cash Only Movement





This article is very troubling. JJP Morgan is on board not just for low interest rates, but for very low negative interest rates on bonds. Beware of totalitarianism creaping toward America. Once negative rates spiral downward deeply, cash will have to be eliminated. This is madness, folks.





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Larry Summers 100 Dollar Bill Ban And Westfalia Lost | Talkmarkets

Larry Summers 100 Dollar Bill Ban And Westfalia Lost | Talkmarkets



This is the article introduction on Talkmarkets: Westphalia as a concept is superior to empire. Our freedoms are more likely to be honored in a system of national sovereignty. Larry Summers
is attacking that sovereignty as a representative of a global financial
system.



From the article:

 

Empires colonize. Empires oppress the subjects. Empires force banking
solutions on the people. Can anyone deny that a Westfalia-like
sovereignty is at grave risk of destruction in Summers' and Kissinger's
New World Order?

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Authorities Want To Ban High Denomination Bank Notes | Talkmarkets

http://www.talkmarkets.com/content/global-markets/here-is-the-real-reason-why-authorities-want-to-ban-high-denomination-bank-notes?post=85777&uid=4798



Getting rid of a major portion (30percent) of the money supply appears to be the real goal of the Eurozone! It has nothing to do with fighting crime, although that is the stated reason. This is just another battle in the war on cash. Tyler Durden says this on Talkmarkets:

...if overnight the €307 billion worth of €500 bills were
eliminated, the notional value of the entire amount of European physical
currency in circulation would decline by 30% to €700 billion!

This, of course, can help set the stage for more aggressive NIRP, negative interest rate policy, and the war on cash continues. 





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Gary Anderson Blog | Swedes Are Saving More Than Ever As Negative Interest Rates Fail | Talkmarkets

Gary Anderson Blog | Swedes Are Saving More Than Ever As Negative Interest Rates Fail | Talkmarkets





From the site I wrote:

Swedes are saving more than ever in their newly created (voluntary)
cashless environment. That was not supposed to be how it works. They
should be saving less and spending more because the banks are charging
them interest. That is the goal of negative interest rates, to force
people to spend more so that inflation will bump off zero.

But here is the flaw in that reasoning. The fees the banks charge
retail customers are like a tax. They make the Swedes feel poorer in
their accounts, not richer. So the Swedes do what I predicted. They save
more to make up for the shortfall. They still don't want to hide money
under the mattress, risking the loss of all of it to theft!



The illogical reasoning that people will spend more when you take
their money away from them must have been created by people who have
plenty of spare money. No one else would entertain this absurd reasoning
except for economists and bankers!

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