John Rubino says that we’re truly in Bizarro Land. Negative interest rates are the death knell of a financial system. In Sweden they’re giving negative rate mortgages. The system cannot function for long in this current state. A breakdown is inevitable. It’s just a matter of when. It’s a page right out of 1984. Ignorance is strength. You can’t reward savers with negative rates and not expect extremely anomalous behavior to emerge. When debtors get paid to borrow and savers get charged to save, the system is stood up on its head. The end is nigh.
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