The ruling oligarchs are running out of time. This teetering edifice of debt is going to collapse, and they know it. Those with cash and precious metals are enemies of the state at this point. They will be making an all-out effort to ban cash and force all transactions to be electronic. This will further enrich the banking cabal, as they get a hefty slice of every transaction. It will also allow the ruling class to inflict negative interest rates on savings to force you to spend. I don’t think there will be enough guillotines to dispense justice when the shit hits the fan.
Cashing In: How to Make Negative Interest Rates Work
By Ruchir Agarwal and Signe Krogstrup
Many central banks reduced policy interest rates to zero during the global financial crisis to boost growth. Ten years later, interest rates remain low in most countries. While the global economy has been recovering, future downturns are inevitable. Severe recessions have historically required 3–6 percentage points cut in policy rates. If another crisis happens, few countries would have that kind of room for monetary policy to respond.
To get around this problem, a recent IMF staff study shows how central banks can set up a system that would make deeply negative interest rates a feasible option.
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