NIRP Has Arrived: Europe Officially Enters The “Monetary Twilight Zone”

by Tyler Durden
ZeroHedge.com
06/05/2014

Goodbye ZIRP, hello NIRP. Today’s decision by the ECB to officially lower the deposit facility rate to negative (as in you pay the bank to hold your deposits) is shocking, but not surprising: we previewed just this outcome precisely two years ago in “Europe’s “Monetary Twilight Zone” Neutron Bomb: NIRP.” Here is what we wrote in June 2012 about Europe’s unprecedented NIRP monetary experiment.

The Rest…HERE

This entry was posted on Thursday, June 5th, 2014 at 11:12 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.