Upcoming Currency Crisis? The Contradictions of Europe’s “Negative Interest Rate Policy” | Global Research
The “goal” of these negative interest rates of
course are to kick start the economy (not really, it’s to keep the
entire system from imploding). This has not worked and could not work
because we have a solvency problem that only gets worse as
more debt is piled on the stack. They have succeeded in keeping the
system afloat …so far but the real economy is sputtering. Digressing a
little, if this were a “liquidity” problem, the current policies would
have worked. They would have gained traction in mid 2009 and would now
only be a bad memory, instead, we are living in an economic nightmare
with hammers being used to perform brain surgery.
