Cryptocurrency: DK, DE, FR, CH and Others Going Negative on Rates
https://www.reddit.com/r/CryptoCurrency/comments/cotscq/a_danish_bank_is_off... https://www.zerohedge.com/news/2019-08-10/denmarks-3rd-largest-bank-now-payi... https://www.bloomberg.com/news/articles/2019-08-05/first-10-year-notes-at-ne... https://www.bloomberg.com/news/articles/2019-08-07/nordea-offers-20-year-mor... https://www.bloomberg.com/news/articles/2019-05-23/bankers-stunned-as-negati... https://www.bloomberg.com/news/articles/2019-07-13/the-black-hole-engulfing-... https://www.reddit.com/r/investing/comments/cl31fs/germanys_whole_yield_curv... https://www.reddit.com/r/investing/comments/chnta0/all_of_switzerlands_bonds... https://www.reddit.com/r/investing/comments/c9b6vh/france_issues_first_10yea... Nominal $100 at -0.5% rate on 10yr note is barely 5% ie $95. Banks will still take retail fees, require insurance (someone else) to "pay them back" (80-90% of their outlay is fake fractional reserve lending anyway), will still repo the house (real asset) for remaining unpaid, and flip it out to the market for someone else's cash in full. Then there's long bonds and treasuries... the great everything rollup. If the already inverted yield curves at lender (debtor) of last resort trend to and stay in negative territory, then its over. And you get a whole lot of government land, buildings, computers, satcom, secret tech, cars, boats, planes, and politicians as slaves... for free :) Till then it's survival of the fittest... maybe governments try shift spending choices off on private sector to cut their debt. But govts are fat greedy bastards so surplus never last. If you're lucky their obese selves will just drop dead before they even make it to the stair climber. You cannot spend what you do not have. Governments do not produce anything thus cannot give future production promises bond of themselves. Everything they "have" is stolen from you, at gunpoint. Like free Facebook, you are what's promised and sold. Pretty sick eh? You'd be better off buying what you need, including roads, directly, yourself, efficiently on the open market, locally, together, including giving charity. And not what you don't need... like government, which history guarantees will always fuck things up. Staple business, real / hard assets, relative gains and holds in markets, will always exist out there for those who search for, move among, and ride them. In addition to debt issues, some heads think economy turndown will make negative bond yields look even better than that. And banks sometimes survive governments. As they say... times be getting weird :) https://en.wikipedia.org/wiki/Gold_standard https://en.wikipedia.org/wiki/Money_creation https://en.wikipedia.org/wiki/Government_bond https://en.wikipedia.org/wiki/Yield_curve https://en.wikipedia.org/wiki/Open_market_operation https://en.wikipedia.org/wiki/Case-Shiller_index https://www.gold.org/ https://www.bis.org/review/r021126d.pdf https://www.treasury.gov/resource-center/data-chart-center/Pages/index.aspx https://fred.stlouisfed.org/categories/22 https://www.youtube.com/user/whygoldandsilver https://www.youtube.com/results?search_query=bitcoin+documentary As with every currency in history formerly backed by gold, eventually most governments will break backing on these too, they simply can't resist breaking their Fiat shitcoins... https://www.rt.com/business/461752-russia-gold-dollar-cryptocurrencies/
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grarpamp