, , , ,

Cometh the negative interest rates.

The Bank of England has asked commercial banks whether they are ready for negative interest rates, signaling that the central bank is moving closer to cutting its key interest rate below zero.

Y’all ready?? 

Yes, boss! Mo money!

Pay no attention to the deposits nonsense. The whole system of sorcery is based on loans; the economy is fake debt, period. Depositors being charged for their accounts, as opposed to being paid for them, and ultra-cheap loans (to the Com Banks) will dig the hole deeper and faster. The only solution is a complete reset, debt cancellation, and a gold standard. Oh, and feel free to substitute the Fed or BOJ for the BOE, same sad situation.