Central Bank Negative Interest Rates, Financial Armageddon and You

[maskedmelon]

Our proud European brothers across the sea are pioneering an quaint strain of the age old brand, stupidity. In an atmosphere of economic unease, central banks have doubled down on their efforts to undermine the values of their own currencies.

Ballooning public debts, the result of dubious fiscal policy aimed at placating the warm-bodies of civilization in the self-serving aspirations of political officials, have undermined, at least in part, confidence in the competency of public institutions. Unsurprisingly, this has lead for calls of more public control, all while individuals and businesses are disinclined to spend and by extension borrow. The solution of course was delivers to humanity on divine inspiration almost 600 years ago.

The combination of state cunning and subject distrust, ironically, has left governments with mountains of freshly minted cash that nobody wants... to pay for. Where there is a will there is a way though and much of course has been pumped into financial institutions in finance of more public debt where it sits just the same or gets dumped into the great corporate fuel reservoirs of national/regional exchanges, to sit some more, zealously guarded by uncertainty and fear.



The story (http://mobile.reuters.com/article/idUSKCN0XB0NH)

[dafier]

Why do you think the UK wants to break away from the EU? EU is stupid and is bringing the already horribly rich UK empire down.

[Ahldagor]

There's no global effect layed as to what these practices will do in the next decade. I'm banking on nothing because the move is being done to increase the value of currencies. It's also not a deflationary thing, oddly. Making the rich richer, definately. So it goes.

[Swish]

Why do you think the UK wants to break away from the EU? EU is stupid and is bringing the already horribly rich UK empire down.

Yes completely. Makes no economic sense to stay in a political union with them... especially with second world countries trying to get in so that their debt can be relieved at the expense of the UK/France/Germany/etc (again)... Serbia one example of many there, and Albania to it's south.

Also on that subject, a Romanian can earn nine times what he earns back home on the UK minimum wage (£7.20 per hour). So guess what happened? They all came over, and unskilled UK laborers struggle to earn more than the minimum wage.

Don't talk about it though or you're a fucking racist scumbag :rolleyes:

All that's left? Vote with your feet. It's already fixed that the "yes or no" referendum on the EU is going to be to stay in, and then we're fucked forever. Probably the rise of nationalism and shit after that.

The IMF/World Bank is the only winner in global politics.