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