Doesn’t the very term “negative interest rates” indicate something is very, very wrong?
The worldwide controlling politicians and financial leaders had a choice after the financial meltdown (as well as the run up to it because their derivatives, etc, caused the meltdown):
1) Repair the damage, over time and at great costs to all, by letting the losers (them) take their lumps and bear their huge losses which would have further wrecked the economy but then it could start anew on a sound footing.
2) Continue to rig the game with continued zero interest rates, QE forever, even more derivatives, etc. to further rob Main Street (that’s you and me) and enrich themselves. Not just in the USA but in all developed countries and financial systems.
Which did they choose? Hah, we know the answer to that. But now they don’t seem to know how to stop the madness they have wrought.
national debt under control?
well, just make interest rates negative, and that debt turns into an asset !
....
I think they used to sell it to my Italian grandfather and call it protection.