Casey Research: “What’s Coming At You Is A Historic Event… And It’s Going To Result In Disaster”
Brian Hunt
May 10th, 2016
SHTFPlan.com
Editor’s Note: Governments around the world have taken us to the brink. And according to Casey Research’s Brian Hunt, it is going to be an event that will be remembered for generations.
With the global economy stalling and financial markets potentially sitting on the cusp of another free-fall, understanding how The-Powers-That-Be intend to control the destruction to follow and what actions they’ll take will be instrumental in determining whether you’ll preserve your way of life… or be wiped out along with millions of others.
From Casey Research via WolfStreet.com:
“Negative interest rates” have become a phenomenon with economists and the media. But I’m writing to tell you something about negative interest rates you haven’t heard. You certainly won’t hear about it in the mainstream press.
What’s coming at you is a historic event. It’s something our grandchildren will hear stories about, much like the Great Depression or the Cold War. It could send the price of gold much higher in the coming years.
If you know what’s coming, it could mean the difference between having lots of free cash in retirement and barely getting by. And please remember this warning: Social Security will help even less than you think.
To understand the gravity of this moment, let’s cover one of the most bizarre ideas in the world…
Negative Interest Rates.
In a normal world, your bank pays you interest on your savings. It takes your money, pools it with other people’s money, and loans it out. The bank makes money by paying out less in interest on your deposit than it earns in interest from borrowers. For example, it might pay out 3% to depositors while earning 6% from borrowers. This is how it has worked for decades.
Negative interest rates turn your “normal” bank account upside down. They could only exist in a crazy world where idiot politicians are in control. Unfortunately, that’s just what we’re dealing with right now.
Politicians all over the world are ordering banks to charge depositors (you) a fee for storing cash. It’s a perversion of saving. It’s a perversion of capitalism. It’s a perversion of planning for the future.
And it’s going to result in disaster.
Politicians think that by making it unattractive for you to keep money in the bank, you’ll save less money. Instead, you’ll spend more money on things like smartphones and cars. You’ll invest in things like stocks and real estate. This would “stimulate” the economy.
This thinking is very, very wrong. No matter what the government does, it can’t force you to spend money. It can’t force you to make investments if you don’t see good opportunities. Forcing people to pay banks to hold their money is a tax.
It is wealth confiscation for the digital age.
The Rest…HERE
