The Coming Capital Controls
With the Neocons desperate to create war before Trump takes office to trap him into a crisis he cannot escape, we must be mindful that they will impose capital controls [...]
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.