http://www.internationalman.com/articles/revealed-the-hidden-agen...

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    http://www.internationalman.com/articles/revealed-the-hidden-agenda-of-davos-2016

    'However, their harebrained scheme is not working. Switzerland, Denmark and Sweden all have negative interest rates. But consumer spending is not being “stimulated” in those countries. It’s totally (and predictably) backfiring on the central planners. And it’s easy to see why.

    Negative interest rates make it harder to save. Put $1,000 in your bank account at the beginning of the year, and it becomes $950 by the end of the year. And that’s not even accounting for inflation.

    This scenario scares people. It doesn't induce them to spend.

    Producing more than you consume and saving the difference has always been the basis of prosperity. Prudent saving and thriftiness are supposed to be goodthings. However, negative interest rates destroy the incentive to save. That’s just one of the reasons it’s such a toxic concept.

    But there’s another important reason to fear negative interest rates…

    If you don’t like the sting of negative interest, you can withdraw your money from the bank and stash the cash under your mattress. The more it costs to store money at the bank, the less inclined people are to do it.

    Of course, this is not the outcome central economic planners want. It puts a natural limit on how far down they can drive interest rates.

    Their solution to this “problem” is to push the world closer to a cashless society. That cuts off your main escape route from punishment interest.

    Central planners are doing this by phasing out larger denominations of currency notes, which makes large cash transactions impractical. Some are outright prohibiting cash transactions over a certain amount. France recently made cash transactions over €1,000 illegal, down from the previous limit of €3,000.

    Statist economists even advocate declaring all dollar bills with a serial number ending in “9” invalid.

    These are just some of their methods. They all make it inconvenient or illegal to use cash. This forces people to use electronic payment methods more and more, which, of course, is what the U.S. government wants.

    It’s exactly like Ron Paul said: “The cashless society is the IRS’s dream: total knowledge of, and control over, the finances of every single American.”'
 
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