Is negative interest rate really the term.
Interest is positive by nature. Never supposed to go below zero.
They are charging you to put money in the bank or wherever.
Doesn’t sound like “negative” interest, sounds like a fee
It is a fee. They don’t want to call it that.
The result being people pull their money out in cash and keep it at home in the mattress or do what the government wants, spend it.
I can see as posted here in order for negative rates to work they have to ban or curtail the use of cash. This will take some time and will result in a return to barter services for services. These Ivy League “educated” fools have done more damage to the world in the last 35 yrs. than all the deadly diseases combined!