Yup. The NIRP is to either force consumers to spend, or get them to pour their declining wages into the inflated and precarious QE bloated stock market. If this thing blows, the shrapnel wounds will be life changing across the globe.
And to make sure you can’t avoid the negative interest rate by holding cash instead, there is already talk about eliminating cash entirely. The EU is almost certainly going to eliminate the 500euro bill and the $100 won’t be far behind.
Well said.