Low Rates And The Great Dislocations.
Hey America How Are Those Savings Accounts Going?
What is more frightening, then the loss of your money. Since most people have, some meager amount held in some form of a financial institution, the prospect of the bankster’s cabal placing a charge against your account for the mere privilege of maintaining a deposit, is horrible. The Business Insider warns, In The Future, You May Have To Pay The Bank To Hold Your Money, and raises a very dreadful prospect.
You must first purchase BitCoin to purchase the Quark. You can purchase whatever amount of BitCoin you want, meaning you don’t have to buy 1 coin, you can buy $100, $200 worth of a coin or whatever amount you so choose to get some money over into purchasing the Quark.
Just follow these steps below and in this order to get some Quark.
“In recent weeks, economists have discussed the idea of how to implement a negative interest rate while preventing people from hoarding paper currency.
Economist Miles Kimball has discussed creating an electronic currency and having an exchange rate between it and dollar bills. Others have discussed going cashless and eliminating paper currency altogether.”
Negative interest rates simply mean it will cost you, in fees or service charges, to hold money in banking accounts. Examine Professor Kimball’s ivory tower justification for seizing the value and purchasing power of your savings.
- Ron Paul: Bitcoin could ‘destroy the dollar’ | Max Keiser
- This is a good thing!!
- Because the Rothschild Mafia have already destroyed our dollar “”BUT”” in its present form, it makes each and every U.S. Citizen a slave to pay all of that Newly Printed $Trillions in USD back to the Unconstitutional Rothschild Federal Reserve.
- The Newly printed USD is nothing more than counterfeit money by the Rothschild Mafia Cabalists.
BitCoins, Quarks, and several others allow citizens of the world to bypass the Mafia’s control of the paper currency scheme. China has just restricted their state banks from interfering with BitCoin and this too is a good thing. This is nothing new, as it always was the rule in China not to interfere with BitCoin ~ but the Banker’s media used this publication from China to spin it into a scare tactic. The BitCoin dropped a little bit in value but it continues to march onward.
“University of Michigan economist Miles Kimball has developed a theoretical solution to this problem in the form of an electronic currency that would allow the Fed to bring nominal rates below zero to combat recessions. He’s been presenting his plan to different economists and central bankers around the world. Kimball has also written repeatedly about it and was recently interviewed by Wonkblog’s Dylan Matthews.”
Now dig deep into the mind of a mentally ill pseudo intellectual, to see just how far from rational money policy and such monetary eggheads go to provide cover for the fractional reserve central bankers.
“If we repealed the “zero lower bound” that prevents interest rates from going below zero, there would be no need to rely on the large scale purchases of long-term government debt that are a mainstay of “quantitative easing,” the quasi-promises of zero interest rates for years and years that go by the name of “forward guidance,” or inflation to make those zero rates more potent.”
This threat is a continuation from the initial trial balloon that appeared in the Financial Times.
A video rant about, Banks to Start Charging You on Deposits, goes ballistic with outrage that the money-centered banks are emboldened as to telegraph their intentions of raiding the nest egg savings of depositors.
While the justifiable emotion is understandable for a beleaguered public, the economic aftermaths of interjecting massive QE reserves is explained well by Zerohedge in recent reports with the accompanied chart.
“Furthermore, contrary to what the hypocrite banker said that “the danger is that banks are pushed into riskier assets to find yield”, banks are already in the riskiest assets: just look at what JPM was doing with its hundreds of billions in excess deposits, which originated as Fed reserves on its books – we explained the process of how the Fed’s reserves are used to push the market higher most recently in “What Shadow Banking Can Tell Us About The Fed’s “Exit-Path” Dead End.”
What the real danger is, is that once the Fed lowers IOER and there is a massive outflow of deposits, that banks which have used the excess deposits as initial margin and collateral on marginable securities to chase risk to record highs (as JPM’s CIO explicitly and undisputedly did) that there would be an avalanche of selling once the negative rate deposit outflow tsunami hit.”
Hence, this move to prepare the bank customer for another hosing by imposing negative rates, actually is a desperate attempt to keep the derivative “day of reckoning” from hitting.
This strategy will not work.
In the Negotium article, Low Interest Rates Impoverish Savers, makes the point: “Designed lowering of our standard of living is visible at every turn.
The money-centered banks recapitalized their balance sheets at the expense of the passbook accounts customers.”
With the expectation that bank accounts will actually experience debit fees for parking money will result in a massive outflow of capital. Where will the money go? Will the banks allow the return of your deposits in cash or will they impose significant costs and delay withdrawals?
Consider that under a banking system, which automatically reduces your balances, the acceleration of stripping your net worth goes into high gear.
No sane individual would accept this theft willingly.
However, the transition to a cashless economy might well inflict a call back of cash (Federal Reserve Notes) in circulation for an enforced substitute legal tender.
[Smells Like A Mafia Rat ->] Or else some variation of the “killer” Kimball electronic compulsory account may be imposed under strict governmental supervision. [Read The Bullshit Here This Kimball thing is nothing more than an attempt to stall the ‘Rothschild printed currency implosion’.] In keeping with Rothschild’s Manifesto ~ This is glaring transparency of them trying to “CONTROL BOTH SIDES”.
- Pravda Is The United States Prepared?: While Iraq Buys Back Currency Off The Streets & Retires It ~ The FED Is Smothering America In Newly Printed Funny Money!
Under such a circumstance, the mandatory medium of exchange strips all personal ownership from the individual. Money, in whatever form it takes, no longer will be your own property.
Negative interest rates institutionalize systemic inflation into every transaction.
Throughout history, usury is condemned for charging interest on lending. What term should be used for paying no interest on capital saved?
Anthony Migchels argues in Our Chains are Forged by Usury, that the objective is to create an interest-free money supply. Much like the Kimball electronic currency, the Migchels alternative resides in his own twisted hermitage, read accordingly.
“The problem is not the creation of money! Quite the opposite: it’s marvelous that we never need to have a shortage of money. The problem is when the bookkeeper starts raping the debitor with interest for no other reason than the associated minus.”
While debt is the central issue in all financial bubbles, the solution is not to destroy wealth creation through capital saving. Until a universal model of wizardry or alchemy is adopted that creates a stable store of value, independent from work, ingenuity or greed; expectations of an interest free currency are pipe dreams.
The benefits from negative interest rates all go to the banksters.
The borrower never sees FREE interest loans, nor does the saver earn a fair rate of return.
The maxim remains, Those with the Gold, Make the Rules, is no different in the age of the New World Order of central banking.
Starving the saver is negative for the rest of us.
- When Obama Strikes In Earnest Against The United States: The Coming EBT (ELECTRONIC FOOD STAMP) Riots ~ When Food For 47.3 Americans Is Stopped By A Push Of A Computer Button ~ Why Its Important To Understand!
- Obama’s Artifices In Targeting Patriotic Whistleblowers: Logic 101 ~ Someone In Corporate Government Is Afraid.
- Obamacare’s Ticking Time Bomb: Capp’s Law.
- Lois Capps Author Of The Hidden ‘Capp’s Law’ In Obamacare Caught Again: Lois Pulls A [Daschle Geithner Capone] And Evades Uh Fails To Report $500,000.00 Dollars For Income Tax!
- TIme for Digital Money : Welcome to BitCoins (grvblog.wordpress.com)
- In The Future, You May Have To Pay The Bank To Hold Your Money (businessinsider.com)