Negative Central Bank Interest Rates Now Herald New Danger for the World

By Mehreen Khan. The world’s tentative experiment with negative interest rates got off to an unremarkable start.

Sweden’s Riksbank – the world’s oldest central bank – became the first major monetary authority to cross the rubicon and take its main policy rate into the red exactly a year ago to the month.

The Riksbank’s move followed the likes of Switzerland and Denmark, who had turned negative in a bid to stimulate flagging inflation and halt the punishing appreciation of their currencies.

But the introduction of sub-zero rates caused no immediate panic that central bankers were “losing control”.

Neither did they seem to produce deleterious economic effects in their host countries, as savers continued to keep their money deposited in banks rather than fleeing for the safety of cash. Commercial lenders, meanwhile, adjusted their business models to help maintain profitability. (Read more from “Negative Central Bank Interest Rates Now Herald New Danger for the World” HERE)


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Central Bankers ‘Don’t Have a Clue’ – Jim Rogers

By Alanna Petroff. Famed investor Jim Rogers is warning that financial Armageddon is just around the corner, and it’s being fueled by moronic central bankers.

“We’re all going to pay a horrible price for the incompetence of these central bankers,” he said Monday in a TV interview with CNNMoney’s Nina dos Santos. “We got a bunch of academics and bureaucrats who don’t have a clue what they’re doing.”

The Singapore-based American investor said central bankers are doing everything they can to prop up financial markets, but it’s all for naught. He predicts their unconventional monetary strategies will lead to a stock market rally in the near future, but deep trouble later this year and into 2017.

“This is going to be a disaster in the end,” he said. “You should be very worried and you should be prepared.” (Read more from “Central Bankers ‘Don’t Have a Clue’ – Jim Rogers” HERE)

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