negative (6)

The Panama Papers, Bail-Ins, and the Push to Go Cashless

The Panama Papers, Bail-Ins, and the Push to Go Cashless

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

 

Posted on April 10, 2016 by Ellen Brown

The Web of Debt Blog

Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.

The bombshell publication of the “Panama Papers,” leaked from a Panama law firm specializing in

Read more…

Negative Interest Rates: The Real Reason

8028242879?profile=original

Negative Interest Rates Aimed at Driving Small Banks Out of Business and Eliminating Cash: Economics Professor

 

Source:

Washington's Blog

February 9, 2016

More than one-fifth of the world’s total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden.

Negative interest rates are spreading worldwide.

And yet negative interest rates – supposed to help economies recover – haven’t prevented Japan and Europe’s economies from absolutely tanki

Read more…

8028242273?profile=original

Negative Interest Rates Show “Desperation” of Central Banks

 

Source:

Washington's Blog

January 29,  2016

Japan has joined the EU, Denmark, Switzerland and Sweden in imposing negative interest rates. Indeed, more than a fifth of the world’s GDP is now covered by a central bank with negative interest rates.

The Wall Street Journal notes:

TOKYO—Japan’s central bank stunned the markets Friday by setting the country’s first negative interest rates, in a desperate attempt to keep the economy from sliding ba

Read more…

8028241857?profile=original

Hang Onto Your Wallets: Negative Interest Rates, the War on Cash, and the $10 Trillion Bail-in

Source:

Ellen Brown

The Web of Debt Blog

20 November 2015

In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?

Remember those old ads showing a senior couple lounging on a warm beach, captioned “Let your money work for you”? Or the scene in Mary Poppins where young

Read more…

Years ago negative interest rates were unheard of. Modeling assumptions (often purposely) excluded them due to their extremely low probability, it simply seemed counter intuitive that they could even be present in a market, and certainly if they did they seemed as if they’d be a rare blip and not a prolonged market environment.

Fast forward to today, and negative rates are rampant across the Euro Zone and continue to be a critically important issue in global finance. While the Bank of England has

Read more…

8028231501?profile=originalEnrique Suarez Introducing:

Washington's Blog
Global Research, May 04, 2015

We Can’t Rein In the Banks If We Can’t Pull Our Money Out of Them

Martin Armstrong summarizes the headway being made to ban cash,  and argues that the goal of those pushing a cashless society is to prevent bank runs … and increase their control. What do you think?

The central banks are … planning drastic restrictions on cash itself. They see moving to electronic money will first eliminate the underground economy, but secondly

Read more…

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!