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Ron Delnevo's Blog
Ron Delnevo's Blog
Blogs » Ron Delnevo's Blog

Cash In Microwaves - No Recipe For Success.

There are stories on the internet that Swedes are keeping their spare cash in microwave ovens, because they face negative interest rates, if they are lucky enough to find a bank which will take their cash in the first place.

Negative interest rates are being foisted on the world by come central bank gurus. They claim to be seeking to get money spent, rather than saved, to generate economic activity.

However, the side effect is to devalue cash as compared to digital currencies. So central banks which promulgate such a policy are, by design or accident, aiding and abetting those who seek to make the world cashless. And Choiceless, Freedomless and without a semblance of genuine individual Independence.

Over 50% of Swedes, according to a recent survey, believe that being able to exercise the choice to use cash is an inalienable Human Right.

I AGREE. 

Negative interest rates are a disgrace and the practice of applying them must end IMMEDIATELY. 

Those who make their profits from offering mortgages, loans and credit cards MUST share those profits with their depositors, whatever manipulations central banks try to impose.

AND GOVERNMENTS MUST SACK CENTRAL BANKERS WHO FAVOUR POLICIES AGAINST CASH - AND, THEREFORE, AGAINST THE PUBLIC INTEREST.

 

 

 

Saturday, 7th November 2015

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