healthy global banking: "My Bank In Denmark Just Offered Me A Negative Rate Of Interest To Borrow Money" - [PEACE]
You just -know- the global banking system is super healthy when they're literally offering negative interest rates to encourage folks to take out loans. This is the banking system so flushed with debt that they can't get pidgeons to take out more loans, yet since the fundamental of the game is control, more debt means more control means more winning, so more debt must be obtained "at any cost". Read it and prepare for broad systemic collapse, folks: "My Bank In Denmark Just Offered Me A Negative Rate Of Interest To Borrow Money" https://www.zerohedge.com/news/2019-06-05/my-bank-denmark-just-offered-me-ne... And to show how wonderful moar debt really is, Italy leads the way to dumping the rump: Brace For Impact: Italy Poised To Launch Euro Parallel Currency https://www.zerohedge.com/news/2019-06-05/brace-impact-italy-poised-launch-e... Just as well y'all got free(!) markets and capitalism <snigger>: Blain: "In 35 Years Of Markets, This Is The Stupidest Moment I’ve Ever Seen" https://www.zerohedge.com/news/2019-06-05/blain-35-years-markets-stupidest-m... US employment is at a high, the labour market is tightening, there is minimal real inflation and the stock market is off to the races because the Fed says its ready to ease if trade tensions impact the stock market economy. In 35 years of markets, this is perhaps the stupidest moment I’ve ever seen. On Friday we’re likely to see another decent US employment number – which should give lie to the illusion the US needs zero rates. But a strong US jobs report will cause the spoilt brat of a stock market to wail, in fear it might not get another lollipop of easing… If I had any hair left to tear out, would. There is a danger Powell et al seem are confusing the Dow and S&P for the health of the economy, thereby making the Fed complicit in the ultimate market distortion that’s being going on since someone dreamt up QE. The World’s most important central bank is missing the point completely, and more or less promising to bail out stock markets if Trade Tension causes them to weaken. That is an open check. …
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Zenaan Harkness