Commodity Trade Mantra

Posts Tagged ‘Rates below Zero’

The $100 Bill Could Be the Next Victim in the War on Cash

When banks implement negative rates, they literally charge customers to hold their money. You’re not likely to save money in the bank if it’s costing you to do so. Central planners believe this will motivate you to spend, thus stimulating the economy. But in order for this scheme to work, it has to be impossible for you to hide currency. That’s what the war on cash is really all about.

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