https://www.activistpost.com/2021/09/warning-digital-currencies-portend-deeply-negative-interest-rates.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ActivistPost+%28Activist+Post%29
Warning: Digital Currencies Portend Deeply Negative Interest Rates
TOPICS:Banking,CBDC,Patrick Wood,Technocracy
SEPTEMBER 8, 2021
As a matter of Technocrat policy, “If people can’t hoard physical money, it becomes much easier to cut rates far below zero.” This means your banked funds risk being plundered at the will of the policy makers. Eventually, all money accrues to the takers while the depositors see their wealth vanish. ⁃ Technocracy News & Trends Editor Patrick Wood
By: James Mackintosh via WSJ
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Investors have been ignoring progress toward government-issued electronic money, even as many countries are progressing rapidly toward their own online cash. They should ask two questions: Will the Federal Reserve issue a digital dollar? And will it eventually replace physical bank notes?
I think the answer to both questions is yes, and those who agree should be assessing the impact on future monetary policy already, because dramatic change is likely within the timespan of the 30-year Treasury.
The main monetary power of the digital dollar comes from the abolition of bank notes. If people can’t hoard physical money, it becomes much easier to cut interest rates far below zero; otherwise the zero rate on bank notes stuffed under the mattress looks attractive. And if interest rates can go far below zero, monetary policy is suddenly much more powerful and better suited to tackle deflation.
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Holding gold and silver is one strategy to defeat the Central Bankers.
Crypto currencies like ₿ Bitcoin and Bitcoin cash or other “private” digital currencies might (EMPHASIS on the MIGHT) be another strategy.
Central Bank cryptos are merely a way to keep “We, The Sheeple” in the pen to be sheered or worse.
Argh!
“And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand? . . .” — Alexander Solzhenitsyn
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