When Religion Attacks Itself
Religion has always influenced economics and geopolitical events. For nearly two hundred years, the emperors of the Eastern Roman Empire, known as Byzantium, had followed the traditions of just placing [...]
Bavarian banks have figured out that negative interest rates are insane. They must pay the ECB to hold their cash. They have decided it is better to store their cash and eliminate deposits at the ECB as reported by Spiegel Online. These people are just braindead. They think negative interest rates will somehow “stimulate” the economy. No, they fail to grasp that people and banks can now be induced to just hoard money and not spend it.