Negative rates and bail-ins

[DrBanneker]

For those in the know, Europe and Japan are starting to go into negative interest rate territory to "stimulate" their economies. While it doesn't hit all bank savers the same way, in the end, it means you will pay the bank for the right to deposit money--some fukked up shyt.

Also, remember how Cyprus in its banking crisis had everyone with an account over a certain size "bail-in" and lose some of their money to shore up the bank.

Just saying, if you have all your cash in the bank, think twice. You probably should keep at least $1k at home in small bills for emergencies in case there is a bank issue. America ain't invincible and they will save the fat cats before your Black ass.

 

[CHL]

Worldwide interest rates and economic indicators
It's at historic lows here in AUS as well, although still at 2%.

 

[Red Shield]

Savers always get punished...

and.. places like Cyprus and Greece are where they test shyt out.....

 

[Red Shield]

Don't think they will do negative rates in the usa tho....

Bail-ins on the other hand... Which will basically clue you in that it's shtf time