Many don’t notice the stealth war on cash but it’s quite real.
As countries move to negative interest rates the thrust of the policies are to force people to spend. No mattress money allowed thank you. Nations like Japan, Sweden, Denmark and Switzerland have already implemented these policies.
Central Banks are basically charging member banks to hold cash. The superficial belief is to force loan making and spending which will stimulate inflation and growth. The minus rates being applied by the ECB, Denmark, Switzerland, Sweden, and Japan haveRead more…