Posted on 04/29/2015 5:13:17 AM PDT by MeneMeneTekelUpharsin
Here’s an astonishing statistic; more than 30pc of all government debt in the eurozone – around €2 trillion of securities in total – is trading on a negative interest rate. With the advent of European Central Bank quantitative easing, what began four months ago when 10-year Swiss yields turned negative for the first time has snowballed into a veritable avalanche of negative rates across European government bond markets. In the hunt for apparently “safe assets”, investors have thrown caution to the wind, and collectively determined to pay governments for the privilege of lending to them.
On a country by country basis, the statistics are even more startling. According to investment bank Jefferies, some 70pc of all German bunds now trade on a negative yield. In France, it's 50pc, and even in Spain, which was widely thought insolvent only a few years ago, it's 17pc. Not only has this never happened before on such a scale, but it marks a scarcely believable turnaround on the situation at the height of the eurozone crisis just a little while back, when some European bond markets traded on yields that reflected the very real possibility of default. Yet far from being a welcome sign of returning economic confidence, this almost surreal state of affairs actually signals the very reverse. How did we get here, and what does it mean for the future? Whichever way you come at it, the answer to this second question is not good, not good at all.
(Excerpt) Read more at telegraph.co.uk ...
Assuming it’s still worth anything I would keep it under my mattress before I pay banks to keep it.
Won’t fit.
Buy a bigger mattress lol!
I have doubts, too.
I don’t like it; but I don’t think everything is Skittles and rainbows. That seems to be the reactions of some.
[to force consumers into a cashless society is a very very serious danger sign]
Careful, you’ll have a few claiming you’re talking Bible Prophecy since that’s essentially what Revelation 13:16-18 prophesies.
:)
Well, It’s a time-honored conspiracy theory that the elites worship Satan.
I happen to believe that
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