Negative interest rates spell trouble
- You will see they are really in trouble…
- It will be hard to avoid these fees
- People around the world will become even more upset
Negative interest rates spell trouble. What’s happening with the global economy that you are not hearing about? In the last couple days the European Central Banks lowered the interest rates to zero or near zero. Things like this do not happen in healthy economies.
As more and more countries approach zero percent interest, soon they will cross the threshold into negative interest and then you will see they are really in trouble. Negative interest rates means that you will be charged a fee to put your money in the bank. Charged a fee to get your money out of the bank and charged more fees if you don’t spend it like the bank wants you to.
It will be hard to avoid these fees even to just cash your check at a bank and buy money orders to pay your bills. That will take a lot of time and there’s fees to get money orders. Fees everywhere you turn will become a way of life. This is how failing enterprises, like the banks, are going to make money – by charging all kinds of transaction fess, eliminating tellers at the banks, having only a skeleton crews at any bank and it will cost you a fee to have a teller-assisted transaction.
People around the world will become even more upset than they already are with banks. After this goes on long enough and in enough countries, people will start fighting back in many ways.
QUESTION: What should readers take away from this message today?
ANSWER: That when you see interest rates at zero percent you know the economy of that country is teetering on the brink of collapsing.
QUESTION: Why is this information timely?
ANSWER: This information is timely because it is a warning sign to the future. One day you may even wake up to find out that banks have been taken over by the governments out of necessity.
QUESTION: How can readers best apply this information to their lives right now?
ANSWER: Be frugal in everything that you do. Look for ways to exchange or barter services and don’t keep all your money in banks.
COMMENTARY: The rules of the game are about to change forever – at least for you and me. It’s time to reexamine your lifestyle and those old commitments. Do any of them have a place in the economy we find ourselves in today? What about next year and the year after that? Looks like the only things that will remain the same is what you remember. But in reality, or a soon to be reality, it looks like the less you abide by the traditional ways of doing things the better off you will be. All of that is predictable and that’s where the traps will be set to pick you clean.